WELLSPRING

EIN: 383043083 501(c)(3) Crime & Legal

DETROIT, MI

Total Revenue
$771,234
Total Expenses
$561,636
Total Assets
$1,245,545
Net Assets
$1,224,959
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MI
Principal Officer
HENRY WELLS
Phone
3132559085
Tax Period
2023-01-01 to 2023-12-31

WELLSPRING, founded in 1986, is a small nonprofit in the Crime & Legal sector that reported $771K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $210K, a strong 27% operating margin.

Mission

THE MISSION OF WELLSPRING IS TO ASSIST LOW INCOME & AT RISK URBAN YOUTHIN DEVELOPING THEMSELVES SPIRITUALLYCOCIALLY, ACADEMICALLY AND ECONOMICALLY. ACTIVITIES INCLUDE KUMON MATH AND READING, COLLRGE PREPARATION, LEADERSHIP DEVELOPMENT, COMMUNITY SERVICE AND SUMMER EMPLOYMENT.WE ALSO OFFER CHRISTIAN DISCIPLESHIP AND BIBLE STUDIES FOR INTERESTED YOUTH.

Program Service Accomplishments

Program 1
Expenses: $500,985

FIRST ACCOMPLISHMENT WELLSPRING'S ACADEMIC & YOUTH DEVELOPMENT PROGRAM WAS PROVIDED TO 277 YOUTH.182 OF THESE YOUTH PARTICIPATED IN THE KUMON MATH AND READING CURRICULUM AS WELL AS OTHER YOUH...

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FIRST ACCOMPLISHMENT WELLSPRING'S ACADEMIC & YOUTH DEVELOPMENT PROGRAM WAS PROVIDED TO 277 YOUTH.182 OF THESE YOUTH PARTICIPATED IN THE KUMON MATH AND READING CURRICULUM AS WELL AS OTHER YOUH DEVELOPMENT ACTIVITIES. THERE WERE 37 YOUTH IN A 6 WEEK SUMMER READING PROGRAM. THERE WERE 95 YOUTH WHO PARTICIPATED IN NON KUMON DEVELOPMENT ACTIVITIES.FOR THOSE YOUTH PARTICIPATING IN THE KUMON CURICULUM, A TOTAL OF 190.5 GRADE LEVEL INCREASES WERE PRODUCED. THHE AVERAGE STUDENT ADVANCED 1.5 GRADE LEVELS IN MATH OR READING/ LANGUAGE ART SKILLS OVER A 12- MONTH PERIOD. A KUMON GRADE LEVEL IS APPROXIMATELY EQUVALENT TO A GRADE LEVEL IN PUBLIC SCHOOL.38 STUDENT TOOK PART IN COLLEGE PREP AND/OR CAREER SUPPORT.THERE WERE 11 FIELD TRIPS AND SPECIAL ACTIVITIES. THE NON KUMON ACTIVITIES INCLUDED A TEEN LEADERSHIP COUNCIL, TEEN PHOLANTHROPY, ADVENTUR BASED LEADERSHIP,DEVELOPMENT, COLLEGE AND CAREER READINESS AND SUPPORT, FIELD TRIPS FOR YOUTH AND TEENS AND COMMUNITY SERVICES. CHRISTIAN PROGRAMING WAS ALSO PROVIDED TO INTERESTED YOUTH AND CONSISTED PRIMARILY OF OUR TEEN BIBLE TUDY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $711,745
Program Service Revenue $30,985
Investment Income $11,869
Other Revenue $16,635
TOTAL REVENUE $771,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $366,875
Fundraising Expenses $0
Program Expenses $528,263
Other Expenses $194,761
TOTAL EXPENSES $561,636

Year-over-Year Comparison

2023 2022 Change
Revenue $771,234 $676,872 +0.1%
Expenses $561,636 $610,634 -0.1%
Net Income $209,598 $66,238 +2.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
25
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
4
$56,000
Total Directors
11
$56,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL T BANDROWSKI CO DIRECTOR/ 35.00
Officer Director
$56,000 $0 $56,000
SHUNA HAYWARD DIRECTOR 0.00
Director
$0 $0 $0
MERIDITH LOVE DIRECTOR N/A
Director
$0 $0 $0
KOURTNEY NELOMS DIRECTOR N/A
Director
$0 $0 $0
QUAN NELOMS DIRECTOR 0.00
Director
$0 $0 $0
MISHAEL RAIFORD CHAIRMAN 0.00
Officer Director
$0 $0 $0
SHERRY SHORT TREASURER 1.00
Officer Director
$0 $0 $0
LARRY SIMMONS DIRECTOR 0.00
Director
$0 $0 $0
PASTOR TIM TERHUNE DIRECTOR N/A
Director
$0 $0 $0
HENRY WELLS SECRETARY 1.00
Officer Director
$0 $0 $0
STEOHANIE A YOUNG DIRECTOR 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
2024 No data No data No data No data
2023 $771,234 $561,636 $1,245,545 $209,598
2022 $676,872 $610,634 $1,044,409 $66,238
2021 $684,776 $564,366 $984,872 $120,410
2020 $519,239 $490,832 $863,018 $28,407
2019 $574,277 $459,167 $786,216 $115,110
2018 $479,045 $413,371 $667,479 $65,674
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