WELLSPRING COMMUNITY (EIN 770716253) - 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

2008

Legal Domicile

Principal Officer

NICOLE DEVRIES

Phone

3036601935

Tax Period

2023-01-01 to 2023-12-31

WELLSPRING COMMUNITY, founded in 2008, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO CREATE A COMMUNITY WHERE ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES ARE EMPOWERED TO LIVE FULL, PRODUCTIVE AND SATISFYING LIVES IN A GOD-CENTERED ENVIRONMENT. WE CARRY OUT OUR MISSION THROUGH OUR ROBUST DAY PROGRAM, MEANINGFUL WORK OPPORTUNITIES, AND INNOVATIVE RESIDENTIAL SERVICES.

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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 $1,340,302

Program Service Revenue $1,742,379

Investment Income $44,431

Other Revenue $-26,107

TOTAL REVENUE $3,101,005

Expense Breakdown

Grants Paid $27,070

Salaries & Benefits $2,192,692

Fundraising Expenses $338,362

Program Expenses $2,492,706

Other Expenses $824,041

TOTAL EXPENSES $3,043,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,101,005	$2,758,818	+0.1%
Expenses	$3,043,803	$2,659,520	+0.1%
Net Income	$57,202	$99,298	-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

Volunteers

245

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

$130,120

Total Directors

$130,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL STATTER	CHAIRMAN	3.00	Officer Director	$0	$0	$0
PAUL NEWLAND	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
SCOTT BAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
AARON ELLSWORTH	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN DALLEY	DIRECTOR	0.25	Director	$0	$0	$0
JEFF MARK	DIRECTOR	0.25	Director	$0	$0	$0
LIZ VAN WESEP	DIRECTOR	2.00	Director	$0	$0	$0
CARA VARICELLO	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS SIMPSON	DIRECTOR	0.25	Director	$0	$0	$0
NICOLE DEVRIES	EXECUTIVE DI	40.00	Officer Director	$130,120	$0	$130,120

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	$3,101,005	$3,043,803	$2,168,824	$57,202
2022	$2,758,818	$2,659,520	$2,224,317	$99,298
2021	$2,156,313	$2,015,550	$1,915,708	$140,763
2020	$2,129,358	$1,791,314	$1,737,117	$338,044
2019	$2,038,729	$2,284,905	$1,384,822	$-246,176
2018	$2,226,991	$1,587,750	$1,640,892	$639,241

WELLSPRING COMMUNITY