WELLSPRING MINISTRIES OF UTAH

EIN: 822461282 501(c)(3) Religion

Fairview, UT

Total Revenue
$355,235
Total Expenses
$339,060
Total Assets
$76,970
Net Assets
$60,075
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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
UT
Principal Officer
Lucinda Shogren
Phone
4354622667
Tax Period
2025-01-01 to 2025-12-31

WELLSPRING MINISTRIES OF UTAH, founded in 2017, is a small nonprofit in the Religion sector that reported $355K in total revenue in fiscal year 2025. Expenses of $339K left a modest 5% surplus.

Mission

Foster people's encounter with Jesus Christ, growth as His disciples and participation in bringing His kingdom into our community in collaboration with schools, churches, businesses and municipal governments to meet the needs of the poor, strengthen families, and minister to children and youth.

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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 (2025)

Revenue Breakdown

Contributions & Grants $30,053
Program Service Revenue $325,119
Investment Income $63
Other Revenue $0
TOTAL REVENUE $355,235

Expense Breakdown

Grants Paid $1,257
Salaries & Benefits $143,351
Fundraising Expenses $1,465
Program Expenses $335,595
Other Expenses $194,452
TOTAL EXPENSES $339,060

Year-over-Year Comparison

2025 2024 Change
Revenue $355,235 $331,706 +0.1%
Expenses $339,060 $335,410 +0.0%
Net Income $16,175 $-3,704 -5.4%
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

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Governance

Voting Members
8
Independent Members
4
Employees
20
Volunteers
10

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
$2,155
Total Directors
8
$2,155
Key Employees
1
$2,155
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lucinda Shogren President, Operations Manager 10
Officer Director Key Emp
$2,155 $0 $2,155
Tobin Dixon Director 1
Director
$0 $0 $0
Penelope Dixon Director 1
Director
$0 $0 $0
Jeremy Tanner Director 1
Director
$0 $0 $0
Steven Shogren Finance Director, Treasurer 2
Officer Director
$0 $0 $0
Lori Kogianes Director, Secretary 1
Officer Director
$0 $0 $0
Daniel Spencer Director 1
Director
$0 $0 $0
Felicia Spencer Director 1
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 $355,235 $339,060 $76,970 $16,175
2024 $331,706 $335,410 $65,141 $-3,704
2023 $313,925 $326,560 $64,340 $-12,635
2022 $311,937 $296,914 $73,711 $15,023
2021 $268,991 $276,068 $55,070 $-7,077
2020 $212,504 $208,880 $59,520 $3,624
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