Well-Spring Foundation (EIN 562217797) - 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

2001

Legal Domicile

Principal Officer

STEPHEN P FLEMING

Phone

3365455418

Tax Period

2024-01-01 to 2024-12-31

Well-Spring Foundation, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

WELL-SPRING FOUNDATION PROVIDES FINANCIAL SUPPORT TO WELL-SPRING RETIREMENT COMMUNITY. THE PRIMARY FINANCIAL SUPPORT IS FOR HEALTH CARE SERVICES PROVIDED AND CHARITY CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $586,042

Program Service Revenue $0

Investment Income $910,417

Other Revenue $0

TOTAL REVENUE $1,496,459

Expense Breakdown

Grants Paid $883,847

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $883,847

Other Expenses $843,524

TOTAL EXPENSES $1,727,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,496,459	$945,355	+0.6%
Expenses	$1,727,371	$1,322,118	+0.3%
Net Income	$-230,912	$-376,763	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$1,031,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY BOYD	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
CHARLES LUCAS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES T HAGAN III	DIRECTOR	1.00	Director	$0	$0	$0
DAVY DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KOENIG	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN COOKIE BILLINGS	DIRECTOR	1.00	Director	$0	$0	$0
WENDY GATLIN	DIRECTOR	1.00	Director	$0	$0	$0
K ALAN TUTTEROW	CFO	2.00	Officer	$0	$37,740	$447,875
STEPHEN P FLEMING	PRESIDENT	2.00	Officer	$0	$49,201	$583,772

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	$1,496,459	$1,727,371	$10,938,452	$-230,912
2023	$945,355	$1,322,118	$11,697,990	$-376,763
2022	$1,308,920	$681,565	$11,257,578	$627,355
2021	$2,151,437	$533,311	$13,259,937	$1,618,126
2020	$1,446,876	$391,975	$11,341,533	$1,054,901
2019	$625,757	$290,191	$9,659,220	$335,566
2018	$294,889	$326,568	$8,382,707	$-31,679

Well-Spring Foundation