WELLSPRING COUNSELING INC (EIN 270979279) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

TOVA KREPS

Phone

7865737010

Tax Period

2023-01-01 to 2023-12-31

WELLSPRING COUNSELING INC, founded in 2009, is a community nonprofit in the Mental Health sector that reported $1.5M in total revenue in fiscal year 2023.

Mission

WELLSPRING COUNSELING, INC IS A FAITH-BASED, NON-PROFIT ORGANIZATION THAT PROVIDES OUTREACH PROGRAMS FOR MENTAL HEALTH SERVICES AND EDUCATION IN A PROFESSIONAL, CHRISTIAN AND HOLISTIC WAY IN ORDER TO BRING ABOUT TRANSFORMING CHANGE IN INDIVIDUALS, COMMUNITIES AND FOR GENERATIONS TO COME.

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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 $234,246

Program Service Revenue $1,240,911

Investment Income $11,177

Other Revenue $4,554

TOTAL REVENUE $1,490,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,269,375

Fundraising Expenses $51,554

Program Expenses $1,283,592

Other Expenses $291,852

TOTAL EXPENSES $1,561,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,490,888	$1,492,232	0.0%
Expenses	$1,561,227	$1,442,932	+0.1%
Net Income	$-70,339	$49,300	-2.4%

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

$81,982

Total Directors

$81,982

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOVA KREPS	PRESIDENT	40.00	Officer Director	$81,982	$0	$81,982
JAMES HANNON	DIRECTOR	1.00	Director	$0	$0	$0
JAIME FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCWHIRTER	DIRECTOR	1.00	Director	$0	$0	$0
EMILIE WEIRDA	DIRECTOR	1.00	Director	$0	$0	$0
JANICE BELBECK	DIRECTOR	1.00	Director	$0	$0	$0
LINDA POWELL	DIRECTOR	1.00	Director	$0	$0	$0
PETER RAFFALSKI	TREASURER	2.00	Officer Director	$0	$0	$0
NIKKI TURNER	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
OMAR MORALES	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$1,490,888	$1,561,227	$636,707	$-70,339
2022	$1,492,232	$1,442,932	$526,571	$49,300
2021	$1,542,953	$1,482,090	$560,214	$60,863
2020	$1,291,044	$1,141,843	$446,335	$149,201
2019	$1,066,664	$998,780	$291,089	$67,884
2018	$1,006,076	$905,416	$221,893	$100,660

WELLSPRING COUNSELING INC