WELCOME HOME GLOBAL INC

EIN: 822544189 501(c)(3) Religion

Westerville, OH

Total Revenue
$301,350
Total Expenses
$217,396
Total Assets
$138,619
Net Assets
$138,619
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
OH
Principal Officer
Richard E Welch
Phone
7243003025
Tax Period
2023-01-01 to 2023-12-31

WELCOME HOME GLOBAL INC, founded in 2017, is a small nonprofit in the Religion sector that reported $301K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 28% operating margin.

Mission

This corporation exists to invite people into a place of belonging and purpose where they know who they are made to be and from that place can live a life that is transformed by a deep relationship with Jesus. This will be accomplished through deep relational connections, practical demonstrations of love through serving needs, and other similar means. At inception the programs are being carried out in Uganda, Africa, but they may be expanded or moved to other parts of the world. Our work includes mentoring, pastoral care, programs for at-risk children living on the streets, disaster relief, and church planting.

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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 (2023)

Revenue Breakdown

Contributions & Grants $301,350
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $301,350

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $52,460
Fundraising Expenses $15,924
Program Expenses $177,475
Other Expenses $159,936
TOTAL EXPENSES $217,396

Year-over-Year Comparison

2023 2022 Change
Revenue $301,350 $161,450 +0.9%
Expenses $217,396 $176,693 +0.2%
Net Income $83,954 $-15,243 -6.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
Employees
2
Volunteers
2

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
0
$0
Total Directors
4
$45,000
Key Employees
2
$45,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard E Welch Executive Director 40
Director Key Emp Highest
$22,500 $0 $22,500
Anna M Welch Vice President 40
Director Key Emp
$22,500 $0 $22,500
Emily Caudill Volunteer Administrator/Board Secretary 5
Director
$0 $0 $0
Brian Caudill Board Director 1.00
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
2023 $301,350 $217,396 $138,619 $83,954
2018 $97,943 $85,043 $25,929 $12,900
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