WELLSTAR FOUNDATION INC

EIN: 581627413 501(c)(3) Philanthropy & Grantmaking

MARIETTA, GA

Total Revenue
$17,978,656
Total Expenses
$11,321,118
Total Assets
$46,447,133
Net Assets
$46,082,228
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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
1984
Legal Domicile
GA
Principal Officer
CANDICE L SAUNDERS
Phone
7709567827
Tax Period
2022-07-01 to 2023-06-30

WELLSTAR FOUNDATION INC, founded in 1984, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $18.0M in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.7M, a strong 37% operating margin.

Mission

To support the charitable activities of all WellStar Health System organizations.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,450,871
Program Service Revenue $0
Investment Income $804,275
Other Revenue $-276,490
TOTAL REVENUE $17,978,656

Expense Breakdown

Grants Paid $3,915,089
Salaries & Benefits $2,959,088
Fundraising Expenses $2,764,728
Program Expenses $5,902,181
Other Expenses $4,446,941
TOTAL EXPENSES $11,321,118

Year-over-Year Comparison

2022 2021 Change
Revenue $17,978,656 $14,916,009 +0.2%
Expenses $11,321,118 $8,492,782 +0.3%
Net Income $6,657,538 $6,423,227 +0.0%
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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Governance

Voting Members
23
Independent Members
18
Employees
N/A
Volunteers
21

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
3
$7,196,769
Total Directors
23
$8,765,881
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CANDICE SAUNDERS PRESIDENT & CEO;FDN.BRD.MEMBER 2.0
Officer Director
$0 $100,914 $4,821,669
ANTHONY J BUDZINSKI EXEC. VP & CFO;FDN.BRD.MEMBER 2.0
Officer Director
$0 $104,441 $1,547,939
JULIE TEER FOUNDATION BOARD MEMBER 2.0
Officer Director
$0 $44,404 $827,161
THEOLYN PRICE MD FOUNDATION BOARD MEMBER 2.0
Director
$0 $81,981 $789,015
SCOTT MILLER MD FDN. BOARD MEMBER & PHYSICIAN 2.0
Director
$0 $105,128 $780,097
ANDREW JOHNSON FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
BIRD BLITCH FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
CHRIS PUMPHREY FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
DAN BUYERS FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
DAVID BOTTOMS FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
DEBBIE THATCH FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
EMIL HILL FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
FRANK MCCOY MD FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
GARY A MILLER FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
KELLY JANZEN FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
MATT WEBB FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
REAGAN MCLAUGHLIN FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
STEPHANIE WINDHAM FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
WILLIAM LAKO FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
LARRY HORNSBY MD FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
RANDY KOPORC FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
CONDACE PRESSLEY FOUNDATION BOARD MEMBER 2.0
Director
$0 $0 $0
JASMINE CROWE-HOUSTON FOUNDATION BOARD MEMBER 2.0
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 No data No data No data No data
2024 No data No data No data No data
2023 $17,978,656 $11,321,118 $46,447,133 $6,657,538
2022 $14,916,009 $8,492,782 $42,111,336 $6,423,227
2021 $10,687,404 $7,636,000 $35,296,799 $3,051,404
2020 $9,116,090 $6,364,880 $30,643,336 $2,751,210
2019 $10,354,010 $5,798,436 $27,716,751 $4,555,574
2018 $9,942,316 $8,981,806 $24,659,629 $960,510
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