WELLSPRING INC C/O ABBOTT HOUSE

EIN: 460414463 501(c)(3) Human Services

MITCHELL, SD

Total Revenue
$3,270,527
Total Expenses
$3,663,110
Total Assets
$5,385,162
Net Assets
$2,627,327
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
SD
Principal Officer
BOB BURKE
Phone
6057184870
Tax Period
2024-07-01 to 2025-06-30

WELLSPRING INC, founded in 1990, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2018. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.2M left a modest 3% surplus.

Mission

WELLSPRING'S, DBA WELLFULLY, MISSION IS TO PROVIDE HEALTH, RECOVERY AND DEVELOPMENT SERVICES TO ALL ADOLESCENT YOUTH. VISION: WE FOCUS ON BEING THE PREMIER ADOLESCENT CARE PROVIDER IN THE REGION. SERVICE: WE SERVE YOUTH BETWEEN THE AGES OF 10 AND 18 WHO HAVE SIGNIFICANT MENTAL HEALTH, SUBSTANCE ABUSE, AND BEHAVIORAL CHALLENGES. THESE YOUTH NEED OUR SUPPORT TO SAFELY FUNCTION IN THEIR HOMES, SCHOOLS, AND OUR COMMUNITY. THROUGH WELLFULLY'S HIGH QUALITY RESIDENTIAL AND AFTERSCHOOL PROGRAMS, YOUTH DEVELOP EFFECTIVE COPING SKILLS, MAKE BETTER LIFE CHOICES, AND RECEIVE ONGOING SUPPORT FOR A SUCCESSFUL FUTURE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $609,563
Program Service Revenue $2,594,937
Investment Income $16,343
Other Revenue $49,684
TOTAL REVENUE $3,270,527

Expense Breakdown

Grants Paid $3,964
Salaries & Benefits $2,671,427
Fundraising Expenses $60,411
Program Expenses $3,172,721
Other Expenses $987,719
TOTAL EXPENSES $3,663,110

Year-over-Year Comparison

2024 2023 Change
Revenue $3,270,527 $4,020,647 -0.2%
Expenses $3,663,110 $4,235,829 -0.1%
Net Income $-392,583 $-215,182 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
95
Volunteers
15

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
$99,126
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB BURKE COO/CEO 40.00
Officer
$87,772 $0 $99,126
SAMANTHA JOHNSON PRESIDENT 5.00
Officer Director
$0 $0 $0
DAN MAGUIRE PAST PRESIDE 5.00
Officer Director
$0 $0 $0
DR CHRISTOPHER ROBBINS SECRETARY 5.00
Officer Director
$0 $0 $0
SHELIA JOHNSON BOARD MEMBER 5.00
Director
$0 $0 $0
ASHLEY BRADSKY BOARD MEMBER N/A
Director
$0 $0 $0
DAVE JOHNSON BOARD MEMBER 5.00
Director
$0 $0 $0
HOLLY LIEN BOARD MEMBER 5.00
Director
$0 $0 $0
MARYANN PETROTTO BOARD MEMBER 5.00
Director
$0 $0 $0
TREVOR MOYLE BOARD MEMBER 5.00
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 $3,270,527 $3,663,110 $5,385,162 $-392,583
2024 $4,020,647 $4,235,829 $5,735,472 $-215,182
2023 $3,726,317 $4,532,362 $6,046,581 $-806,045
2022 $3,681,953 $3,812,066 $6,665,351 $-130,113
2021 $3,686,076 $3,173,293 $6,946,461 $512,783
2020 $2,412,554 $2,543,199 $7,168,776 $-130,645
2019 $2,258,303 $2,181,457 $7,006,272 $76,846
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