FRIENDS OF THE WELTY ENVIRONMENTAL… - 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

2000

Legal Domicile

Principal Officer

Kevin Larson

Phone

6083611377

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE WELTY ENVIRONMENTAL CENTER INC, founded in 2000, is a small nonprofit in the Environment sector that reported $425K in total revenue in fiscal year 2023. Revenue surged 121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $243K, a strong 57% operating margin.

Mission

Our mission is to provide leadership in environmental education by equitably engaging the diverse residents of the Stateline region with activities that foster an appreciation of nature & promote environmental stewardship

Program Service Accomplishments

Program 1

Expenses: $53,827 Revenue: $37,155

Weltys main source of program revenue and expenses are field trips for area school districts (Beloit, Turner, Janesville, Milton), preschool programs (Even Start, Head Start, Community Kids) and...

Weltys main source of program revenue and expenses are field trips for area school districts (Beloit, Turner, Janesville, Milton), preschool programs (Even Start, Head Start, Community Kids) and private and charter school groups(The Lincoln Academy,Rock Co.Montessouri). We also provide programing for service organizations (YMCA, Community Action) funded by local granting agencies (Stateline Community Foundation. Alliant Energy Foundation, Ecolab Foundation, Col. Robert Morse Foundation). Most of these trips happen at Big Hill Park, where the Welty Center is located, but Welty also leads after school programs that take place in school building (SDBs Todd Elementary). Participants: 6,121

Program 2

Expenses: $53,827 Revenue: $52,062

Welty offers nature-themed public programs at its Big Hill Park location and other sites in the Stateline Area (Nature at the Confluence, Nygren Wetlands, Beckman Mill County Park) for individuals & families, including the annual Maple Sugar fest. WElty also runs day camps & no-school days during the school year, and weekly during the summer. In the third-year of a National Science Foundation grant, Welty hosted high school interns for a semester-long experience and ran a summer day camp for autistic teenagers. Participation: 1,250

Program 3

Expenses: $53,827 Revenue: $47,154

Welty leads environmental education programs on-request for service organizations (Rock Co.Conservationists, Skype-a-Scientist,YWCA) and area libraries. Welty also hosts table activities at various community days, farmers markets, amd special school expos. Welty sponsored an intern who brought programs to area service providers funded by a donation from a Welty donor. Participants: 2,181

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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 (2023)

Revenue Breakdown

Contributions & Grants $272,204

Program Service Revenue $51,976

Investment Income $17,511

Other Revenue $83,072

TOTAL REVENUE $424,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,606

Fundraising Expenses $2,485

Program Expenses $161,481

Other Expenses $41,865

TOTAL EXPENSES $181,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$424,763	$192,008	+1.2%
Expenses	$181,471	$312,996	-0.4%
Net Income	$243,292	$-120,988	-3.0%

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

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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

Total Directors

$41,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Spreitzer	Director	1.00	Director	$0	$0	$0
Kirk Berridge	Director	2.00	Director	$0	$0	$0
Anthony Bosco	Internal Secretary	2.00	Officer Director	$0	$0	$0
Heidi Andre	External Secretary	2.00	Officer Director	$0	$0	$0
Kevin Larson	Treasurer	4.00	Officer Director	$0	$0	$0
Jane Fossum	Director	1.00	Director	$0	$0	$0
Doug Elfstrom	Director	1.00	Director	$0	$0	$0
Cindy Laube	Vice President	1.00	Officer Director	$0	$0	$0
Harry Wiersgalla	Director	1.00	Director	$0	$0	$0
Dave Bendlin	Director	1.00	Director	$0	$0	$0
Kaelyb Lokrantz	President	2.00	Officer Director	$0	$0	$0
Nick Giefer	Director	1.00	Director	$0	$0	$0
Brenda Plakans	Executive Director	30.00	Director	$41,050	$0	$41,050
Marc Kinneman	Director	1.00	Director	$0	$0	$0
Lynn Vollbrecht	Director	1.00	Director	$0	$0	$0
Betty Brewer	Director	1.00	Director	$0	$0	$0
Leslie Davidson	DIrector	1.00	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	$424,763	$181,471	$859,792	$243,292
2022	$192,008	$312,996	$617,068	$-120,988
2021	$305,519	$124,988	$737,808	$180,531
2020	$261,567	$106,955	$556,325	$154,612
2019	$223,051	$117,337	$402,078	$105,714
2018	$296,350	$133,790	$297,077	$162,560

FRIENDS OF THE WELTY ENVIRONMENTAL CENTER INC