WELLSPRING COOPERATIVE CORPORATION

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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

2014

Legal Domicile

Principal Officer

FRED ROSE

Phone

4135222204

Tax Period

2023-01-01 to 2023-12-31

WELLSPRING COOPERATIVE CORPORATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $833K in total revenue in fiscal year 2023. Revenue surged 128% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 21% operating margin.

Mission

WELLSPRING'S MISSION IS TO CREATE AN ECONOMY THAT IS COOPERATIVE EQUITABLE, DEMOCRATIC, AND SUSTAINABLE. WE WORK WITH HISTORICALLY UNDER-SERVED COMMUNITIES IN THE GREATER SPRINGFIELD REGION.

Program Service Accomplishments

Program 1

Expenses: $416,738 Revenue: $13,576

COOPERATIVE BUSINESS DEVELOPMENT - WELLSPRING SUPPORTS THE FORMATION OF NEW COOPERATIVE BUSINESS, ASSISTED EMERGING COOPERATIVE BUSINESS AND PARTICIPATED IN NATIONAL CHILDCARE COLLABORATION AND...

COOPERATIVE BUSINESS DEVELOPMENT - WELLSPRING SUPPORTS THE FORMATION OF NEW COOPERATIVE BUSINESS, ASSISTED EMERGING COOPERATIVE BUSINESS AND PARTICIPATED IN NATIONAL CHILDCARE COLLABORATION AND TRIANING. COMMUNICATIONS ABOUT WELLSPRING'S COOPERATIVE MISSION AND PROGRAMS BOTH INTERNALLY AND IN THE WIDER COMMUNITY THROUGH NEWSLETTERS, SOCIAL MEDIA AND PUBLIC EVENTS.

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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 $803,770

Program Service Revenue $13,576

Investment Income $15,376

Other Revenue $0

TOTAL REVENUE $832,722

Expense Breakdown

Grants Paid $275,424

Salaries & Benefits $261,473

Fundraising Expenses $29,491

Program Expenses $416,738

Other Expenses $121,728

TOTAL EXPENSES $658,625

Year-over-Year Comparison

	2023	2022	Change
Revenue	$832,722	$365,841	+1.3%
Expenses	$658,625	$336,695	+1.0%
Net Income	$174,097	$29,146	+5.0%

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

$170,612

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRAYCE WHITFIELD	PRESIDENT	0.50	Officer Director	$0	$0	$0
ERNESTO CRUZ	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
RONALD MOLINA-BRANTLEY	TREASURER	0.50	Officer Director	$0	$0	$0
TODD BAILEY	CLERK	0.50	Officer Director	$0	$0	$0
NATALIE COTTON-NESSLER	DIRECTOR	0.50	Director	$0	$0	$0
TERRY GIBSON	DIRECTOR	0.50	Director	$0	$0	$0
BOONE SHEER	DIRECTOR	0.50	Director	$0	$0	$0
JORGE PEREZ	DIRECTOR	0.50	Director	$0	$0	$0
JULIA AGRON	DIRECTOR	0.50	Director	$0	$0	$0
JEFF JONES	DIRECTOR	0.50	Director	$0	$0	$0
JAMES JASPER	DIRECTOR	0.50	Director	$0	$0	$0
ALEX RODRIGUEZ	DIRECTOR	0.50	Director	$0	$0	$0
EMILY KAWANO	CO-DIRECTOR	40.00	Officer	$85,306	$0	$85,306
FRED ROSE	CO-DIRECTOR	40.00	Officer	$85,306	$0	$85,306

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	$832,722	$658,625	$1,040,003	$174,097
2023	$817,543	$647,181	$422,875	$170,362
2022	$365,841	$336,695	$680,277	$29,146
2021	$407,844	$372,137	$156,253	$35,707
2020	$314,784	$211,999	$120,546	$102,785
2019	$206,939	$236,776	$17,761	$-29,837