WELLNESS STUDIOS INC

EIN: 832645128 501(c)(3) Health Care

ALBUQUERQUE, NM

Total Revenue
$385,375
Total Expenses
$378,693
Total Assets
$29,749
Net Assets
$-107,646
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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
2020
Legal Domicile
NM
Phone
5054590025
Tax Period
2024-01-01 to 2024-12-31

WELLNESS STUDIOS INC, founded in 2020, is a small nonprofit in the Health Care sector that reported $385K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

MAKE WELLNESS SERVICES EASILY ACCESIBLE TO ALL MEMBERS OF THE COMMUNITY THROUGH YOGA, MEDITATION, AND ACCUPUNCTURE CLASSES

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,640
Program Service Revenue $383,724
Investment Income $11
Other Revenue $0
TOTAL REVENUE $385,375

Expense Breakdown

Grants Paid $0
Salaries & Benefits $142,474
Fundraising Expenses $0
Program Expenses $372,346
Other Expenses $132,913
TOTAL EXPENSES $378,693

Year-over-Year Comparison

2024 2023 Change
Revenue $385,375 $426,150 -0.1%
Expenses $378,693 $479,517 -0.2%
Net Income $6,682 $-53,367 -1.1%
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
3
Independent Members
3
Employees
8
Volunteers
8

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
4
$21,475
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDRA HERRERA-SPINELLI EXECUTIVE DIRECTOR 20.00
Officer
$21,475 $0 $21,475
NINO SPINELLI PRESIDENT 5.00
Officer
$0 $0 $0
JONA GALLARDO SECRETARY 1.00
Officer
$0 $0 $0
BREE MORENA DE SANTOS TREASURER 2.00
Officer
$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
2024 $385,375 $378,693 $29,749 $6,682
2023 $426,150 $479,517 $18,564 $-53,367
2022 $523,387 $521,369 $28,990 $2,018
2021 $463,039 $464,684 $52,391 $-1,645
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