Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WELLSPRING SECOND CHANCE CENTER, founded in 2010, is a small nonprofit in the Mental Health sector that reported $695K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum.
The Well Spring Second Chance Center Mission is to shepherd community resources, meet basic needs, promote self-sufficiency, assist and protect the vulnerable, formerly incarcerated, marginalized persons, and preserve families through the efficient and cost-effective delivery of services expertise, crisis management and with an emphasis in the area of improving lives of ex-offenders. We provide diversionary programing and do not go in prisons. With the exemption of Criminal Sexual Contact (CSC) Clients
Preserves, supports, and stabilizes youth and their families in crisis and at risk of out of home placement due to criminal behavior. Provides a hospital-based service for survivors impacted by gun...
Preserves, supports, and stabilizes youth and their families in crisis and at risk of out of home placement due to criminal behavior. Provides a hospital-based service for survivors impacted by gun violence. Assists male youth to develop skill sets, knowledge, and values necessary to eliminate some elements/barriers to success and lessen their likelihood of becoming involved in the juvenile system or fall prey to progressional incarceration.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $695,096 | $429,384 | +0.6% |
| Expenses | $698,607 | $438,997 | +0.6% |
| Net Income | $-3,511 | $-9,613 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Deseria Galloway | CEO | 40 |
Officer
|
$83,000 | $0 | $83,000 |
| Lilene Moore | Director at Large | 1 |
Director
|
$0 | $0 | $0 |
| Henry Galloway | Program Chair | 1 |
Director
|
$0 | $0 | $0 |
| Devon Gilchrist | Website Chair | 1 |
Director
|
$0 | $0 | $0 |
| Lucius Luther | Member at Large | 1 |
Director
|
$0 | $0 | $0 |
| Kentral Galloway | Director | 1 |
Director
|
$0 | $0 | $0 |
| Troy Cuff | Director | 1 |
Director
|
$0 | $0 | $0 |
| Rob Murray | Board Chair | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $695,096 | $698,607 | $113,450 | $-3,511 |
| 2022 | $429,384 | $438,997 | $115,862 | $-9,613 |
Compare WELLSPRING SECOND CHANCE CENTER with other nonprofits in Minnesota and across the country.