WELCOME CENTER INC

EIN: 411978031 501(c)(3)

AUSTIN, MN

Total Revenue
$237,039
Total Expenses
$201,181
Total Assets
$165,303
Net Assets
$159,958
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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
1999
Legal Domicile
MN
Principal Officer
LAURA LAISON
Phone
5074342863
Tax Period
2020-07-01 to 2021-06-30

WELCOME CENTER INC, founded in 1999, is a small nonprofit that reported $237K in total revenue in fiscal year 2020. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $36K, a strong 15% operating margin.

Mission

TO WORK WITH ALL MEMBERS OF THE COMMUNITY TO PROMOTE THE SUCCESSFUL INTEGRATION OF NEWCOMERS.

Program Service Accomplishments

Program 1
Expenses: $191,312 Revenue: $19,395

ASSIST NEW RESIDENTS OF THE COMMUNITY BY CONNECTING THEM TO RESOURCES, INFORMATION AND OTHER ASSISTANCE TO FACILITATE THEIR BECOMING PART OF THE COMMUNITY. SERVICES INCLUDED ADVOCACY, PERSONAL...

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ASSIST NEW RESIDENTS OF THE COMMUNITY BY CONNECTING THEM TO RESOURCES, INFORMATION AND OTHER ASSISTANCE TO FACILITATE THEIR BECOMING PART OF THE COMMUNITY. SERVICES INCLUDED ADVOCACY, PERSONAL EDUCATION, ECONOMIC DEVELOPMENT PROGRAMS, SELF DEVELOPMENT PROGRAMS AND COMMUNITY AND CULTURAL EDUCATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $217,614
Program Service Revenue $19,395
Investment Income $30
Other Revenue $0
TOTAL REVENUE $237,039

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,045
Fundraising Expenses $0
Program Expenses $191,312
Other Expenses $57,136
TOTAL EXPENSES $201,181

Year-over-Year Comparison

2020 2019 Change
Revenue $237,039 $254,512 -0.1%
Expenses $201,181 $225,092 -0.1%
Net Income $35,858 $29,420 +0.2%
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

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
6
Volunteers
22

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
$49,850
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HERVE IDJIDINA EXECUTIVE DI 40.00
Officer
$49,850 $0 $49,850
THOR BERG BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA LAISON VP / TREASUR 2.00
Officer Director
$0 $0 $0
LUIS G MARCONI BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA MEZA SECRETARY 2.00
Officer Director
$0 $0 $0
BARB MITCHELL BOARD MEMBER 1.00
Director
$0 $0 $0
RICH MITCHELL BOARD MEMBER 1.00
Director
$0 $0 $0
HIEDY MOREY BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE PEKEL BOARD MEMBER 1.00
Director
$0 $0 $0
JULIANA PENA-MARCONI BOARD MEMBER 1.00
Director
$0 $0 $0
DEWEY SCHARA PRESIDENT 2.00
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
2021 $237,039 $201,181 $165,303 $35,858
2021 $155,666 $106,552 No data $49,114
2020 $254,512 $225,092 $167,602 $29,420
2019 $246,666 $287,892 $107,068 $-41,226
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