WELLSPRING LIVING SC

EIN: 262208347 501(c)(3) Housing & Shelter

Spartanburg, SC

Total Revenue
$271,341
Total Expenses
$225,612
Total Assets
$275,840
Net Assets
$285,935
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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
2008
Legal Domicile
SC
Principal Officer
Susan High
Phone
8648097457
Tax Period
2024-01-01 to 2024-12-31

WELLSPRING LIVING SC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $271K in total revenue in fiscal year 2024. The organization ran a surplus of $46K, a strong 17% operating margin.

Mission

CONNECTS A CARING COMMUNITY WITH WOMEN SEEKING A WAY OUT OF UNHEALTHY LIFESTYLES. PROMOTES HEALING, WHOLENESS, INDEPENDENCE AND FAMILY RESTORATION THROUGH BIBILICAL PRINCIPLES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $271,341
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $271,341

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,589
Fundraising Expenses $0
Other Expenses $176,023
TOTAL EXPENSES $225,612

Year-over-Year Comparison

2024 2023 Change
Revenue $271,341 $252,448 +0.1%
Expenses $225,612 $208,475 +0.1%
Net Income $45,729 $43,973 +0.0%
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

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Governance

Voting Members
12
Independent Members
N/A
Employees
2
Volunteers
15

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan High ORGANIZER 40.00
Officer
$0 $0 $0
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 $271,341 $225,612 $275,840 $45,729
2023 $252,448 $208,475 $230,093 $43,973
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