WELLS MEMORIAL INC (EIN 410694711) - Form 990 Financial Analysis & Trantor Score

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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

1930

Legal Domicile

Principal Officer

MARTHA HOOVER

Phone

6123828051

Tax Period

2024-07-01 to 2025-06-30

WELLS MEMORIAL INC, founded in 1930, is a small nonprofit in the Education sector that reported $156K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $2.0M represent 156 months of operating reserves.

Mission

THE WELLS FOUNDATION PROVIDES SOCIAL SERVICE GRANTS TO NONPROFITS PRIMARILY IN THE AREA OF HOMELESSNESS, VETERANS AND YOUTH.

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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 $75,817

Program Service Revenue $0

Investment Income $80,629

Other Revenue $0

TOTAL REVENUE $156,446

Expense Breakdown

Grants Paid $130,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,000

Other Expenses $23,943

TOTAL EXPENSES $153,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,446	$144,021	+0.1%
Expenses	$153,943	$135,477	+0.1%
Net Income	$2,503	$8,544	-0.7%

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

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
MARTHA HOOVER	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN NUECHTERLEIN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JIM ARNOLD	TREASURER	5.00	Officer Director	$0	$0	$0
BARBARA KNOWLES HANSON	SECRETARY THRU 12/31/24	5.00	Officer Director	$0	$0	$0
HARRIET MCCLEARY	SECRETARY STARTING 1/1/25	5.00	Officer Director	$0	$0	$0
DAVID ALBRECHT	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHAEL BABBITT	BOARD MEMBER	1.00	Director	$0	$0	$0
MOLLY BOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID NICKEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN RAMSBOTTOM	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA SCHUBRING	BOARD MEMBER THRU 7/2/24	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
2025	$156,446	$153,943	$2,034,740	$2,503
2024	$144,021	$135,477	$1,865,025	$8,544
2023	$104,133	$127,304	$1,677,438	$-23,171
2022	$100,007	$152,214	$1,551,221	$-52,207
2021	$110,074	$124,171	$1,866,702	$-14,097
2020	$89,895	$117,702	$1,478,283	$-27,807
2019	$1,258,527	$130,326	$1,474,737	$1,128,201

WELLS MEMORIAL INC