WELLS OF LIFE INC (EIN 451496631) - 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

2011

Legal Domicile

Principal Officer

PETER CALLAHAN

Phone

8559355763

Tax Period

2023-01-01 to 2023-12-31

WELLS OF LIFE INC, founded in 2011, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 26% operating deficit.

Mission

WELLS OF LIFE (WOL) EXISTS TO DEMONSTRATE THE LOVE OF GOD THROUGH WORD AND DEED IN UGANDA, AFRICA BY PROVIDING DESPERATELY NEEDED CLEAN WATER, WASH SERVICES AND THE GOSPEL OF JESUS CHRIST.

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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 $2,653,108

Program Service Revenue $0

Investment Income $12,063

Other Revenue $-202,449

TOTAL REVENUE $2,462,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $465,592

Fundraising Expenses $331,819

Program Expenses $2,498,731

Other Expenses $2,627,368

TOTAL EXPENSES $3,092,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,462,722	$3,593,915	-0.3%
Expenses	$3,092,960	$2,908,739	+0.1%
Net Income	$-630,238	$685,176	-1.9%

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

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

$258,354

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG STONE	TREASURER	3.00	Officer Director	$0	$0	$0
MICHELLE JORDAN	SECRETARY	50.00	Officer Director	$0	$0	$0
PETER CALLAHAN	PRESIDENT	15.00	Officer Director	$0	$0	$0
SISTER JOAN HOGAN	BOARD MEMBER	3.00	Director	$0	$0	$0
BRUCE BIRKELAND	CHAIRMAN	3.00	Director	$0	$0	$0
JIM CUNNINGHAM	DIRECTOR	3.00	Director	$0	$0	$0
LAURIE CADIEUX	DIRECTOR	3.00	Director	$0	$0	$0
NICHOLAS P JORDAN	EXECUTIVE DIRECTOR	50.00	Officer	$258,354	$0	$258,354

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	$2,462,722	$3,092,960	$3,063,472	$-630,238
2022	$3,593,915	$2,908,739	$3,875,273	$685,176
2021	$3,322,274	$2,019,490	$2,900,393	$1,302,784
2020	$1,658,353	$1,243,533	$1,685,669	$414,820
2019	$1,466,349	$1,491,006	$531,824	$-24,657
2018	$1,133,756	$1,086,554	$556,415	$47,202

WELLS OF LIFE INC