Welcomed Inc (EIN 821482081) - 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

2017

Legal Domicile

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

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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 (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

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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

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

$41,550

Total Directors

$41,550

Key Employees

Highest Compensated

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

Welcomed Inc