WELCOME HOUSE INC

EIN: 341793226 501(c)(3) Human Services

WESTLAKE, OH

Total Revenue
$20,151,184
Total Expenses
$19,813,972
Total Assets
$10,139,990
Net Assets
$6,412,679
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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
1995
Legal Domicile
OH
Principal Officer
CARRIANN PAFFORD
Phone
4403562330
Tax Period
2024-01-01 to 2024-12-31

WELCOME HOUSE INC, founded in 1995, is a mid-sized nonprofit in the Human Services sector that reported $20.2M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

WELCOME HOUSE IS DEDICATED TO HELPING INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES LIVE FULL AND REWARDING LIVES BY PROVIDING A VARIETY OF RESIDENTIAL AND SUPPORTIVE SERVICES IN A CARING COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,266,975
Program Service Revenue $18,621,835
Investment Income $88,735
Other Revenue $173,639
TOTAL REVENUE $20,151,184

Expense Breakdown

Grants Paid $27,759
Salaries & Benefits $16,692,522
Fundraising Expenses $138,596
Program Expenses $15,160,619
Other Expenses $3,093,691
TOTAL EXPENSES $19,813,972

Year-over-Year Comparison

2024 2023 Change
Revenue $20,151,184 $16,185,672 +0.2%
Expenses $19,813,972 $16,827,251 +0.2%
Net Income $337,212 $-641,579 -1.5%
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

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Governance

Voting Members
10
Independent Members
10
Employees
420
Volunteers
1

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
4
$458,706
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY THOMAS EXECUTIVE DI 40.00
Officer
$256,518 $7,669 $264,187
CARRIANN PAFFORD CFO 40.00
Officer
$164,043 $30,476 $194,519
KATY BRYAN TRUSTEE 2.00
Director
$0 $0 $0
LORI GUNDLACH TRUSTEE 2.00
Director
$0 $0 $0
JALISA NEAL TRUSTEE 2.00
Director
$0 $0 $0
MIKE PETRASEK TRUSTEE 2.00
Director
$0 $0 $0
KEN RANDAZZO TRUSTEE 2.00
Director
$0 $0 $0
LAURYN ROBINSON TRUSTEE 2.00
Director
$0 $0 $0
MARY SAUER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
ALEKSANDRA TYLER TRUSTEE 2.00
Director
$0 $0 $0
ETHAN WELCH TRUSTEE 2.00
Director
$0 $0 $0
DEBORAH BROWN PRESIDENT 2.00
Officer
$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 $20,151,184 $19,813,972 $10,139,990 $337,212
2023 $16,185,672 $16,827,251 $9,598,259 $-641,579
2022 $16,351,042 $15,594,747 $9,928,244 $756,295
2021 $15,371,450 $15,714,643 $9,520,615 $-343,193
2020 $15,870,091 $15,996,323 $9,875,660 $-126,232
2019 $13,298,030 $12,969,216 $7,638,407 $328,814
2018 $12,717,720 $12,628,815 $6,658,457 $88,905
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