Welcomed Inc

EIN: 821482081 501(c)(3) Human Services

Wild Rose, WI

Total Revenue
$35,320
Total Expenses
$91,564
Total Assets
$62,707
Net Assets
$62,591
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
WI
Principal Officer
BRUCE WILLIAMS
Phone
7152816697
Tax Period
2021-07-01 to 2022-06-30

Welcomed Inc, founded in 2017, is a micro nonprofit in the Human Services sector that reported $35K in total revenue in fiscal year 2021. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $92K exceeded revenue, resulting in a 159% operating deficit.

Mission

To facilitate foster family support ministries in individual churches and engage these churches in a foster care ministry network

Program Service Accomplishments

Program 1
Expenses: $77,761

Welcomed serves churches throughout Wisconsin by helping them establish Care Communities of volunteers to surround foster and adoptive families and children. Welcomed engaged, trained, supported, and...

Read more

Welcomed serves churches throughout Wisconsin by helping them establish Care Communities of volunteers to surround foster and adoptive families and children. Welcomed engaged, trained, supported, and networked churches at the local level as they established and maintained these Care Communities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $35,318
Program Service Revenue $0
Investment Income $2
Other Revenue $0
TOTAL REVENUE $35,320

Expense Breakdown

Grants Paid $7,235
Salaries & Benefits $65,857
Fundraising Expenses $7,412
Program Expenses $77,761
Other Expenses $18,472
TOTAL EXPENSES $91,564

Year-over-Year Comparison

2021 2020 Change
Revenue $35,320 $118,124 -0.7%
Expenses $91,564 $81,462 +0.1%
Net Income $-56,244 $36,662 -2.5%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
7
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
3
$41,550
Total Directors
7
$41,550
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE WILLIAMS President 30.00
Officer Director
$40,500 $0 $40,500
SCOTT KINGSTON Treasurer 1.000
Officer Director
$1,050 $0 $1,050
PASTOR ALYSON JANKE Secretary 0.100
Officer Director
$0 $0 $0
EMMA LEHMAN Director 0.100
Director
$0 $0 $0
COREY ZELLER Director 0.100
Director
$0 $0 $0
JENNIFER COSGROVE Director 0.100
Director
$0 $0 $0
ABBY MARINO Director 0.100
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
2022 $35,320 $91,564 $62,707 $-56,244
Explore More Nonprofits
→Top 100 Nonprofits in Wisconsin →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Welcomed Inc with other nonprofits in Wisconsin and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.