BYRON WELLNESS SYSTEM INC

EIN: 475285597 501(c)(3) Health Care

FORT WAYNE, IN

Total Revenue
$190,396
Total Expenses
$340,844
Total Assets
$2,997,159
Net Assets
$2,506,811
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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
2015
Legal Domicile
IN
Phone
2606373166
Tax Period
2023-01-01 to 2023-12-31

BYRON WELLNESS SYSTEM INC, founded in 2015, is a small nonprofit in the Health Care sector that reported $190K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $341K exceeded revenue, resulting in a 79% operating deficit.

Mission

TO DEVELOP, SUPPORT, PROMOTE, AND/OR CONDUCT EDUCATIONAL PROGRAMS, SCIENTIFIC RESEARCH, HUMAN SERVICE PROGRAMS, AND OTHER CHARITABLE ACTIVITIES, ALL IN PROMOTION AND SUPPORT OF THE INTERESTS AND PURPOSES OF RECOVERY HEALTH SERVICES AND THE BYRON FOUNDATION.

Program Service Accomplishments

Program 1
Expenses: $250,516 Revenue: $37,128

THE BYRON WELLNESS SYSTEM, INC. PROVIDES SUPPORT TO RECOVERY HEALTH SERVICES, INC. BY PROVIDING FUNDING FOR DEVELOPING EDUCATIONAL PROGRAMS, SCIENTIFIC RESEARCH, HUMAN SERVICE PROGRAMS, AND OTHER...

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THE BYRON WELLNESS SYSTEM, INC. PROVIDES SUPPORT TO RECOVERY HEALTH SERVICES, INC. BY PROVIDING FUNDING FOR DEVELOPING EDUCATIONAL PROGRAMS, SCIENTIFIC RESEARCH, HUMAN SERVICE PROGRAMS, AND OTHER CHARITABLE ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,128
Investment Income $153,268
Other Revenue $0
TOTAL REVENUE $190,396

Expense Breakdown

Grants Paid $0
Salaries & Benefits $334,021
Fundraising Expenses $0
Program Expenses $250,516
Other Expenses $6,823
TOTAL EXPENSES $340,844

Year-over-Year Comparison

2023 2022 Change
Revenue $190,396 $163,499 +0.2%
Expenses $340,844 $409,320 -0.2%
Net Income $-150,448 $-245,821 -0.4%
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
6
Independent Members
5
Employees
3
Volunteers
6

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
8
$627,865
Total Directors
6
$260,399
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Board Member 2.0
Officer Director
$0 $0 $0
N/A Board Chair 2.0
Officer Director
$0 $0 $0
N/A Chief Executive Officer 45.0
Officer Director
$214,025 $11,463 $260,399
N/A Vice Chair 2.0
Officer Director
$0 $0 $0
N/A Secretary/Treasurer 2.0
Officer Director
$0 $0 $0
N/A Board Member 2.0
Officer Director
$0 $0 $0
N/A Chief Financial Officer 20.0
Officer
$70,493 $13,714 $182,706
N/A Chief Operating Officer 55.0
Officer
$27,047 $8,511 $184,760
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 $190,396 $340,844 $2,997,159 $-150,448
2022 $163,499 $409,320 $2,837,398 $-245,821
2021 $236,595 $453,618 $3,436,835 $-217,023
2020 $178,696 $330,190 $3,476,271 $-151,494
2019 $178,228 $280,380 $3,530,043 $-102,152
2018 $357,185 $251,056 $3,413,894 $106,129
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