Welcome House Inc

EIN: 430984039 501(c)(3) Mental Health

Kansas City, MO

Total Revenue
$4,036,888
Total Expenses
$3,920,878
Total Assets
$13,841,700
Net Assets
$10,017,017
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
MO
Principal Officer
Jamie Boyle
Phone
8164720760
Tax Period
2024-01-01 to 2024-12-31

Welcome House Inc, founded in 1968, is a community nonprofit in the Mental Health sector that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Net assets of $10.0M represent 30 months of operating reserves.

Mission

Welcome House is committed to providing a high-quality, moral and open residential program to recovering alcoholics and drug-addicted men facing the difficult transition from treatment, incarceration and homelessness to reintegration back into society as productive citizens.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,009,729
Program Service Revenue $874,080
Investment Income $116,707
Other Revenue $36,372
TOTAL REVENUE $4,036,888

Expense Breakdown

Grants Paid $923,881
Salaries & Benefits $1,270,726
Fundraising Expenses $228,838
Program Expenses $2,562,472
Other Expenses $1,697,418
TOTAL EXPENSES $3,920,878

Year-over-Year Comparison

2024 2023 Change
Revenue $4,036,888 $3,244,206 +0.2%
Expenses $3,920,878 $3,027,973 +0.3%
Net Income $116,010 $216,233 -0.5%
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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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
98
Volunteers
75

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
$178,084
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jamie Boyle President and CEO 50
Officer
$173,244 $4,840 $178,084
Rich McArdle Chairman 1
Officer Director
$0 $0 $0
Grant Baumgartner Vice Chairman 1
Officer Director
$0 $0 $0
John Wendorff Treasurer 1
Officer Director
$0 $0 $0
Randy Curnow Member 1
Director
$0 $0 $0
Keith Faison Member 1
Director
$0 $0 $0
Heather Hale Member 1
Director
$0 $0 $0
Sara Jackson Member 1
Director
$0 $0 $0
Brian Johnson Member 1
Director
$0 $0 $0
David Kissick Member 1
Director
$0 $0 $0
Ted Pierce Member 1
Director
$0 $0 $0
Ryan Shriver Member 1
Director
$0 $0 $0
Ed Walsworth Member 1
Director
$0 $0 $0
Cati Wolfe Member 1
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 $4,036,888 $3,920,878 $13,841,700 $116,010
2023 $3,244,206 $3,027,973 $15,475,523 $216,233
2022 $6,969,189 $1,732,901 $9,721,512 $5,236,288
2021 $2,777,940 $1,630,104 $4,492,417 $1,147,836
2020 $3,910,855 $1,426,505 $4,044,144 $2,484,350
2019 $1,398,214 $1,349,640 $1,215,073 $48,574
2018 $1,102,848 $1,121,926 $1,159,523 $-19,078
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