WELLSPRING INC

EIN: 311020023 501(c)(3)

LOUISVILLE, KY

Total Revenue
$7,574,893
Total Expenses
$7,633,142
Total Assets
$14,276,140
Net Assets
$4,281,515
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
KY
Principal Officer
KATHARINE R DOBBINS
Phone
5026374361
Tax Period
2023-07-01 to 2024-06-30

WELLSPRING INC, founded in 1981, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023.

Mission

WELLSPRING PROMOTES MENTAL HEALTH RECOVERY AND SUPPORTS INDIVIDUALS IN BUILDING HEALTHY AND HOPEFUL LIVES THROUGH BEHAVIORAL HEALTH, HOUSING, AND EMPLOYMENT SERVICES.

Program Service Accomplishments

Program 1
Expenses: $2,021,689 Revenue: $1,223,927

WELLSPRING OPERATES TWO CARF ACCREDITED CRISIS UNITS FOR ADULTS INPSYCHIATRIC CRISIS. THE PROGRAM OFFERS A COMFORTABLE, COMMUNITY-BASED AND COST EFFECTIVE ALTERNATIVE TO INPATIENT HOSPITALIZATION FOR...

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WELLSPRING OPERATES TWO CARF ACCREDITED CRISIS UNITS FOR ADULTS INPSYCHIATRIC CRISIS. THE PROGRAM OFFERS A COMFORTABLE, COMMUNITY-BASED AND COST EFFECTIVE ALTERNATIVE TO INPATIENT HOSPITALIZATION FOR ADULTS WHO NEED AN INTENSIVE LEVEL OF SUPPORT BUT DO NOT REQUIRE THE LOCKED DOWN SAFETY OF AN INPATIENT HOSPITAL. THESE CRISIS STABILIAZATION UNITS(CSUS) ARE LICENSED BY THE COMMONWEALTH OF KY AND MONITORED BY THE OFFICE OF THE INSPECTOR GENERAL TO MEET QUALITY STANDARDS. THE PROGRAMS PROVIDE 24-HOUR STAFF SUPPORT WITH A MULTI-DISCIPLINARY TEAM APPROACH, INCLUDING ON SITE SERVICES FROM A PSYCHIATRIST, APRN, CLINICAL SOCIAL WORKERS, ART THERAPISTS AND PSYCH REHAB COUNSELORS. THE PROGRAMS CAN ACCOMMODATE A MAXIMUM OF 18 PEOPLE ON ANY GIVEN DAY AND SERVED 333 PEOPLE IN FISCAL YEAR 2024. THE PROGRAMS WORK CLOSELY WITH THE PSYCHIATRIC EMERGENCY ROOM, HOSPITALS, OUTPATIENT PROVIDERS, FAMILIES, AND OTHER COMMUNITY RESOURCES FOR REFERRALS, DIVERTING 90% FROM HOSPITALS. IN 2023, OUR ACCREDITION WAS EXTENDED FOR ANOTHER THREE-YEAR TERM.

Program 2
Expenses: $2,931,267 Revenue: $1,280,080

WELLSPRING'S SUPPORTIVE AND AFFORDABLE HOUSING PROGRAMS SERVE ADULTSWITH SERIOUS MENTAL ILLNESS WHO ARE LIVING ON INCOMES WELL BELOW THEFPL-TYPICALLY, <50% OF AMI. IN FISCAL YEAR 2023 WE PROVIDED...

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WELLSPRING'S SUPPORTIVE AND AFFORDABLE HOUSING PROGRAMS SERVE ADULTSWITH SERIOUS MENTAL ILLNESS WHO ARE LIVING ON INCOMES WELL BELOW THEFPL-TYPICALLY, <50% OF AMI. IN FISCAL YEAR 2023 WE PROVIDED 100+ ADULTS WITH MENTAL ILLNESS HOUSING IN PROPERTIES OWNED BY WELLSPRING AND OVER 450 PEOPLE IN SCATTERED SITE MAINSTREAM RENTAL UNITS. SERVICES LIKE CASE MANAGEMENT, PEER SUPPORT, AND THERAPY ARE AVAILABLE TO CLIENTS IN OUR HOUSING PROGRAMS. TO QUALIFY FOR THESE PROGRAMS A CLIENT MUST HAVE A DOCUMENTED MENTAL HEALTH DISABILITY/ILLNESS, MANY HAVE A SUBSTANCE ABUSE D/O, A PHYSICAL HEALTH CONDITION, AND /OR ARE HOMELESS. MORE THAN 522 PEOPLE PARTICIPATED IN WELLSPRING HOUSING PROGRAMS IN FISCAL YEAR 2024. IN 2023, WE EXTENDED OUR ACCREDITATION IN COMMUNITY HOUSING FOR ANOTHER 3 YEARS.

Program 3
Expenses: $1,707,610 Revenue: $796,775

WELLSPRING, THROUGH OUR BHSO (BEHAVIORAL HEALTH ORGANIZATION), PROVIDES OUTPATIENT GROUP TX, INDIVIDUAL THERAPY, CASE MANAGEMENT AND PEER SUPPORT AS WELL AS INTENSIVELY SUPPORTED SPECIALTY PROGRAMS...

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WELLSPRING, THROUGH OUR BHSO (BEHAVIORAL HEALTH ORGANIZATION), PROVIDES OUTPATIENT GROUP TX, INDIVIDUAL THERAPY, CASE MANAGEMENT AND PEER SUPPORT AS WELL AS INTENSIVELY SUPPORTED SPECIALTY PROGRAMS LIKE ASSERTIVE COMMUNITY TREATMENT (ACT) TEAM, WISH WHICH PROVIDES SEVEN DAY A WEEK SUPPORT SERVICES TO HIGHLY VULNERABLE CLIENTS, AND PIC (PROGRAM FOR INTEGRATED CARE) WHICH IS A SAMHSA SUPPORTED PROGRAM FOR ADULTS WITH CO-OCCURRING MENTAL ILLNESS AND SUBSTANCE USE DISORDERS. IN 2023, WE EXTENDED OUR ACCREDITATION IN OUTPATIENT SERVICE AND CASE MANAGEMENT FOR ANOTHER 3 YEARS (THE MAXIMUM ACHIEVABLE OUTCOME). WE SERVED 643 PEOPLE THROUGH OUR BHSO IN 2024.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,719,284
Program Service Revenue $3,326,282
Investment Income $409,377
Other Revenue $119,950
TOTAL REVENUE $7,574,893

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,595,884
Fundraising Expenses $213,961
Program Expenses $6,770,233
Other Expenses $3,037,258
TOTAL EXPENSES $7,633,142

Year-over-Year Comparison

2023 2022 Change
Revenue $7,574,893 $7,796,871 0.0%
Expenses $7,633,142 $6,805,196 +0.1%
Net Income $-58,249 $991,675 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
130
Volunteers
217

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
5
$269,529
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE KERRICK BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM FRIEL CHAIR 1.00
Officer Director
$0 $0 $0
TRACY E DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
CURTISS SCOTT TREASURER 1.00
Officer Director
$0 $0 $0
CHRIS HARAGAN BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE W RAPP JR BOARD MEMBER 1.00
Director
$0 $0 $0
CARRIE SCHANIE BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN COGAN BOARD MEMBER 1.00
Director
$0 $0 $0
MARGARET PENNINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL PATTERSON BOARD MEMBER 1.00
Director
$0 $0 $0
ROLANDAS BYRD BOARD MEMBER 1.00
Director
$0 $0 $0
SERRITA BELL SECRETARY 1.00
Officer Director
$0 $0 $0
TIMOTHY MANNING BOARD MEMBER 1.00
Director
$0 $0 $0
ALEXIS MILLS BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER WOOD MD BOARD MEMBER 1.00
Director
$0 $0 $0
JILL BRENZEL BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH STEARNS BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN ALEXANDER CFO 40.00
Officer
$117,350 $6,328 $123,678
KATHARINE R DOBBINS CEO 40.00
Officer
$131,827 $14,024 $145,851
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
2025 No data No data No data No data
2024 $7,574,893 $7,633,142 $14,276,140 $-58,249
2023 $7,796,871 $6,805,196 $8,963,745 $991,675
2022 $6,332,385 $6,366,638 $4,000,310 $-34,253
2021 $6,404,279 $5,673,506 $4,225,957 $730,773
2020 $5,490,508 $5,728,198 $3,893,097 $-237,690
2019 $5,218,215 $5,427,664 $3,464,301 $-209,449
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