WELLSPRING FOUNDATION OF SOUTHWEST VIRGINIA (EIN 262870970) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

WILLIAM HAYTER

Tax Period

2021-07-01 to 2022-06-30

Mission

THE ORGANIZATION IS ORGANIZED FOR THE PURPOSE OF RECEIVING, MAINTAINING AND ADMINISTERING ASSETS EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES, INCLUDING, BUT NOT LIMITED TO THE RECOGNIZABLE AND UNMET HEALTHCARE, WELLNESS, ECONOMIC AND EDUCATIONAL NEEDS OF THE COMMUNITIES WHICH THE CORPORATION SERVES, AND TO USE THE WHOLE OR ANY PART OF THE INCOME AND PRINCIPAL WITHIN THEREFROM FOR SUCH PURPOSES EITHER DIRECTLY OR BY CONTRIBUTION TO OTHER ORGANIZATIONS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $112,441,723

Program Service Revenue $0

Investment Income $471,468

Other Revenue $0

TOTAL REVENUE $112,913,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,151

Fundraising Expenses $0

Other Expenses $269,509

TOTAL EXPENSES $463,660

Year-over-Year Comparison

	2021	2020	Change
Revenue	$112,913,191	N/A	N/A
Expenses	$463,660	N/A	N/A
Net Income	$112,449,531	N/A	N/A

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

N/A

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

$135,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN MCMURRAY	EXECUTIVE DI	40.00	Officer	$135,000	$0	$135,000
DR HAYTHAM ADADA	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DR KAREN ELMORE	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DR RACHEL FOWLKES	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DICK GAIL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARVIN GILLIAM	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
WILLIAM HAYTER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DONNIE MEADOWS	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC MILLER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DR JOANN PRICE	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
THOMAS REVELS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MIKE SPIEGLER	SECRETARY	1.00	Officer Director	$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
2022	$112,913,191	$463,660	$112,449,531	$112,449,531
2019	No data	No data	No data	No data

WELLSPRING FOUNDATION OF SOUTHWEST VIRGINIA