WELCOME AMERICA INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

MICHAEL DELBENE

Phone

2154850626

Tax Period

2023-01-01 to 2023-12-31

WELCOME AMERICA INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

WELCOME AMERICA, INC., A 501C3, NON-PROFIT ORGANIZATION IN PUBLIC-PRIVATE PARTNERSHIP WITH THE CITY OF PHILADELPHIA. WELCOME AMERICA, INC.'S MISSION IS TO PROMOTE AMERICAN HISTORY, EDUCATION AND PHILADELPHIA. WELCOME AMERICA, INC. SEEKS TO ENHANCE THE RESIDENT AND VISITOR EXPERIENCE THROUGH CITYWIDE EVENTS THAT PROVIDE AN ECONOMIC BOOST TO THE LOCAL ECONOMY. MOVING FORWARD, WELCOME AMERICA, INC. MAY PRODUCE AND ASSIST IN THE GROWTH OF SELECT CITY EVENTS YEAR-ROUND THAT CAN INCREASE AWARENESS OF PHILADELPHIA AS AN EVENT DESTINATION AND EXECUTE THE ORGANIZATIONAL MISSION.

Program Service Accomplishments

Program 1

Expenses: $3,861,138 Revenue: $75,000

THE LARGEST PROGRAM OF WELCOME AMERICA, INC. IS THE WAWA WELCOME AMERICA FESTIVAL. THE FESTIVAL NORMALLY ATTRACTS HUNDREDS OF THOUSANDS TO FREE EVENTS ACROSS THE CITY AND REACHES MILLIONS THROUGH...

THE LARGEST PROGRAM OF WELCOME AMERICA, INC. IS THE WAWA WELCOME AMERICA FESTIVAL. THE FESTIVAL NORMALLY ATTRACTS HUNDREDS OF THOUSANDS TO FREE EVENTS ACROSS THE CITY AND REACHES MILLIONS THROUGH EVENTS THAT ARE BROADCAST AND LIVE STREAMED. IN 2021, WELCOME AMERICA, INC. EXPANDED THE FESTIVAL TO INCLUDE JUNETEENTH, RESULTING IN A 16-DAY FESTIVAL FILLED WITH DIVERSE AND INCLUSIVE PROGRAMMING. ALL EVENTS ARE FREE TO THE PUBLIC. SERVING AS THE CITY'S OFFICIAL JULY 4TH CELEBRATION AND ONE OF THE LARGEST IN THE COUNTRY, THE FESTIVAL GARNERS MILLIONS OF IMPRESSIONS AND ENGAGEMENTS ACROSS ALL MEDIA PLATFORMS:PRESS - WAWA WELCOME AMERICA 2022 SECURED OVER 1,655 PLACEMENTS GARNERING OVER 6,151,627,038 IMPRESSIONS.SOCIAL MEDIA - USED ALL SOCIAL PLATFORMS TO INFORM AND ENGAGE WITH FOLLOWERS. SOCIAL CHANNELS ALSO SERVED AS CUSTOMER SERVICE OUTLETS FOR THE FESTIVAL. WAWA WELCOME AMERICA 2022 ACCUMULATED OVER 1,551,077 IMPRESSIONS WITH OVER 56,310 ENGAGEMENTS.WEBSITE - SERVED AS THE MAIN INFORMATION HUB OF THE FESTIVAL AND HAD OVER 505,193 PAGE VIEWS AND OVER 242,619 UNIQUE SESSIONS FROM MAY 1 - JULY 5, 2022.EMAIL - ENGAGED WITH FANS OF THE FESTIVAL, DELIVERING AN ABOVE INDUSTRY AVERAGE OPEN RATE OF 33%.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,294,947

Program Service Revenue $75,000

Investment Income $1,078

Other Revenue $7,819

TOTAL REVENUE $4,378,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $888,002

Fundraising Expenses $261,347

Program Expenses $3,861,138

Other Expenses $3,818,270

TOTAL EXPENSES $4,706,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,378,844	$3,916,922	+0.1%
Expenses	$4,706,272	$3,962,475	+0.2%
Net Income	$-327,428	$-45,553	+6.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$368,069

Total Directors

$249,586

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DELBENE	PRESIDENT & CEO	40.00	Officer Director	$235,383	$14,203	$249,586
HON JAMES KENNEY	CHAIR	1.00	Officer Director	$0	$0	$0
MS LEIGH WHITAKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HON JUDGE DAN ANDERS	SECRETARY	1.00	Officer Director	$0	$0	$0
MR MICHAEL BARNES	DIRECTOR	1.00	Director	$0	$0	$0
MS CINDY BASS	DIRECTOR	1.00	Director	$0	$0	$0
MS LORI BRUCE	DIRECTOR	1.00	Director	$0	$0	$0
MR OBRA S KERNODLE IV	DIRECTOR	1.00	Director	$0	$0	$0
MS JENNIFER RODRIGUEZ	TREASURER	1.00	Officer Director	$0	$0	$0
MS JENNIFER NAGLE	DIRECTOR	1.00	Director	$0	$0	$0
MR RIC HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MR MICHAEL NEWMIUS	DIRECTOR	1.00	Director	$0	$0	$0
MR JEFF GUARACINO	DIRECTOR (TO 01/2023)	1.00	Director	$0	$0	$0
NICOLE ALLEN WHITE	COO	40.00	Officer	$112,803	$5,680	$118,483

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$4,378,844	$4,706,272	$1,051,258	$-327,428
2022	$3,916,922	$3,962,475	$665,130	$-45,553
2021	$2,511,087	$2,664,757	$233,400	$-153,670
2020	$2,783,922	$2,081,240	$173,449	$702,682
2019	$3,665,165	$3,889,072	$203,256	$-223,907
2018	$3,550,693	$3,404,588	$597,514	$146,105