WellSource

EIN: 420763978 501(c)(3)

Clear Lake, IA

Total Revenue
$339,164
Total Expenses
$40,408
Total Assets
$500,958
Net Assets
$485,703
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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
1955
Legal Domicile
IA
Principal Officer
Andrew Eastwood
Phone
6413575291
Tax Period
2019-07-01 to 2020-06-30

WellSource, founded in 1955, is a small nonprofit that reported $339K in total revenue in fiscal year 2019. Revenue surged 4556% from the prior year, signaling strong growth momentum. The organization ran a surplus of $299K, a strong 88% operating margin.

Mission

TO FACILITATE GROWTH THROUGH HEALTH IN MIND AND BODY BY PROVIDING DIAGNOSIS AND TREATMENT OF GENERAL PSYCHIATRIC AND PSYCHOLOGICAL DISORDERS IN A SIX COUNTY AREA.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,770
Investment Income $336,394
Other Revenue $0
TOTAL REVENUE $339,164

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,635
Fundraising Expenses $0
Other Expenses $30,773
TOTAL EXPENSES $40,408

Year-over-Year Comparison

2019 2018 Change
Revenue $339,164 $7,285 +45.6%
Expenses $40,408 $111,294 -0.6%
Net Income $298,756 $-104,009 -3.9%
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
4
Independent Members
4
Employees
2
Volunteers
4

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
$2,669
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE K BARKELA BUSINESS MANAGER 4.00
$6,259 $0 $6,259
Andrew Eastwood Executive Dir. 2.00
Officer
$2,669 $0 $2,669
James Hill Chairman 1.00
Officer Director
$0 $0 $0
Ron Noah Treasurer 1.00
Officer Director
$0 $0 $0
Penney Morse Director 1.00
Director
$0 $0 $0
Andrew A Hill Secretary 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
2020 $339,164 $40,408 $500,958 $298,756
2018 $221,106 $1,083,640 $367,857 $-862,534
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