LOUISVILLE, KY
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)WELLSPRING INC, founded in 1981, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023.
WELLSPRING PROMOTES MENTAL HEALTH RECOVERY AND SUPPORTS INDIVIDUALS IN BUILDING HEALTHY AND HOPEFUL LIVES THROUGH BEHAVIORAL HEALTH, HOUSING, AND EMPLOYMENT SERVICES.
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...
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.
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...
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare WELLSPRING INC with other nonprofits in Kentucky and across the country.