THE CLIFF AND NORMA WELLS FOUNDATI… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

JOE C WELLS

Phone

2022107387

Tax Period

2024-12-01 to 2025-11-30

THE CLIFF AND NORMA WELLS FOUNDATION, founded in 1999, is a small nonprofit in the Religion sector that reported $155K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $179K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE CLIFF AND NORMA WELLS FOUNDATION MISSION IS TO SUPPORT CHARITABLE ORGANIZATIONS THAT ARE LISTED SEPARATELY IN SCHEDULE A OF THIS TAX RETURN. THESE SUPPORTED ORGANIZATIONS COLLECTIVELY SUPPORT YOUTH ACTIVITIES, HUMAN NEEDS, EDUCATION, SCIENCE, HEALTH SERVICES, SOCIAL SERVICE AND RELIEF PROJECTS AND PROGRAMS AND THE PROMOTION OF THE GOOD NEWS OF JESUS CHRIST ROUND THE WORLD INCLUDING WITHOUT LIMITATION PROJECTS WITH AN EMPHASIS ON CHRISTIAN MISSIONARY AND CHRISTIAN YOUTH-ORIENTED PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $50,000

TRINITY UNITED METHODIST CHURCH GENERAL FUND ($10,000), AND TO SUPPORT REPAIRS, RENOVATION, AND REMODEL COSTS ($40,000).

Program 2

Expenses: $29,265

GRANT TO YOUNG LIFE BOTETOURT TO PROVIDE SUPPORT FOR YOUTH CAMP IN BOTETOURT COUNTY, VA.

Program 3

Expenses: $25,000

GRANT TO BEREA COLLEGE TO PROVIDE COST OF ATTENDENCE SCHOLARSHIPS FOR STUDENTS IN HONOR OF NORMA PRESTON WELLS '52.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $154,923

Other Revenue $0

TOTAL REVENUE $154,923

Expense Breakdown

Grants Paid $144,265

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,265

Other Expenses $34,502

TOTAL EXPENSES $178,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$154,923	$180,949	-0.1%
Expenses	$178,767	$224,381	-0.2%
Net Income	$-23,844	$-43,432	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE C WELLS	PRESIDENT & TRUSTEE	1.00	Director	$0	$0	$0
LINDA W GOODING	SECRETARY & TRUSTEE	0.00	Director	$0	$0	$0
JOHN PRESTON	TRUSTEE	0.00	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
2025	$154,923	$178,767	$3,466,838	$-23,844
2024	$180,949	$224,381	$3,490,682	$-43,432
2023	$214,299	$216,642	$3,534,114	$-2,343
2022	$181,174	$209,103	$3,536,457	$-27,929
2021	$297,812	$199,226	$3,564,386	$98,586
2020	$206,479	$191,462	$3,465,800	$15,017
2019	$278,236	$187,520	$3,451,395	$90,716
2018	$214,098	$163,046	$3,361,310	$51,052

THE CLIFF AND NORMA WELLS FOUNDATION