WELL HOUSE

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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

1991

Legal Domicile

Principal Officer

JOHN GLOVER

Phone

6162453910

Tax Period

2024-01-01 to 2024-12-31

WELL HOUSE, founded in 1991, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 237% from the prior year, signaling strong growth momentum. The organization ran a surplus of $691K, a strong 50% operating margin.

Mission

WELL HOUSE EXPANDS, PROVIDES, AND SAFEGUARDS LOW COST HOUSING OPTIONS FOR VULNERABLE POPULATIONS.

Program Service Accomplishments

Program 1

Expenses: $424,449 Revenue: $274,106

WELL HOUSE PROVIDES PERMANENT HOUSING FOR INDIVIDUALS AND FAMILIES WHO ARE EXPERIENCING CHRONIC HOMELESSNESS AND WHO ARE NO LONGER ABLE TO ACCESS HOUSING THROUGH TRADITIONAL MARKETS. BY PRIORITIZING PLACEMENTS FOR THOSE EXPERIENCING NUMEROUS BARRIERS, WE HELP OUR NEIGHBORS COME IN FROM THE STREETS, EMERGENCY SHELTERS AND OTHER UNHEALTHY CONDITIONS BRINGING THEM INTO SAFE, STABLE HOUSING IN A SUPPORTIVE COMMUNITY. ADDRESSING THE PRIMARY NEED FOR HOUSING ALLOWS TENANTS WITH ECONOMIC, HEALTH, BEHAVIORAL, AND SOCIAL PROBLEMS TO STABILIZE AND RECOVER FROM TRAUMAS THAT LED THEM TO HOMELESSNESS, AND TO REDEVELOP INDEPENDENT LIVING SKILLS. DURING 2024 WELL HOUSE PROVIDED HOUSING FOR APPROXIMATELY 77 RESIDENTS.

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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 $950,998

Program Service Revenue $274,106

Investment Income $143,497

Other Revenue $8,580

TOTAL REVENUE $1,377,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,438

Fundraising Expenses $145,969

Program Expenses $424,449

Other Expenses $495,249

TOTAL EXPENSES $685,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,377,181	$408,392	+2.4%
Expenses	$685,687	$688,542	0.0%
Net Income	$691,494	$-280,150	-3.5%

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

Volunteers

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

$93,308

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GLOVER	EXECUTIVE DI	40.00	Officer	$83,485	$9,823	$93,308
MAREN CHANNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DEREK DEVRIES	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BRENT GEERS	BOARD SECRET	1.00	Officer Director	$0	$0	$0
JENIFER JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA LEE POY	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD WALSH	BOARD TREASU	1.00	Officer 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	$1,377,181	$685,687	$2,286,952	$691,494
2023	$408,392	$688,542	$1,290,067	$-280,150
2022	$554,560	$691,912	$1,567,591	$-137,352
2021	$618,787	$479,991	$1,478,085	$138,796
2020	$475,804	$504,942	$1,033,772	$-29,138
2019	$476,094	$548,709	$1,042,677	$-72,615
2018	$400,635	$591,700	$1,177,519	$-191,065