WELLSPIRE LLC

EIN: 833724025 501(c)(3)

JOHNSTON, IA

Total Revenue
$31,573,384
Total Expenses
$32,447,907
Total Assets
$81,508,255
Net Assets
$9,684,120
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IA
Principal Officer
KRISTY VANDERWIEL
Phone
5159782777
Tax Period
2024-01-01 to 2024-12-31

WELLSPIRE LLC, founded in 2019, is a mid-sized nonprofit that reported $31.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

GUIDED BY CHRISTIAN COMPASSION, WELLSPIRE SUPPORTS THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS WHEREVER THEY CALL HOME.

Program Service Accomplishments

Program 1
Expenses: $27,146,721 Revenue: $30,220,158

THE PARTNERSHIP OF WESLEYLIFE AND GENESIS HEALTH SYSTEM, BOTH NON-PROFIT ORGANIZATIONS AND MARKET LEADERS, STRENGTHENS A COMMON MISSION TO PAVE THE WAY FOR OLDER ADULTS IN THE QUAD CITIES OF IOWA AND...

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THE PARTNERSHIP OF WESLEYLIFE AND GENESIS HEALTH SYSTEM, BOTH NON-PROFIT ORGANIZATIONS AND MARKET LEADERS, STRENGTHENS A COMMON MISSION TO PAVE THE WAY FOR OLDER ADULTS IN THE QUAD CITIES OF IOWA AND ILLINOIS TO LEAD HEALTHY, FULFILLING LIVES THAT FOCUS ON HEALTH AND WELL-BEING. THE NAME "WELLSPIRE" WAS DERIVED FROM THE COMBINATION OF "WELL AND "INSPIRE, AND THE SELECTION OF THE TWO WORDS WAS DELIBERATE IN TERMS OF THE GOALS OF THE ORGANIZATION, FORMED IN 2019.WESLEYLIFE BROUGHT THREE-QUARTERS OF A CENTURY OF EXPERTISE SERVING OLDER ADULTS TO GENESIS HEALTH SYSTEM'S EXISTING SENIOR LIVING PORTFOLIO, CREATING AN OPPORTUNITY FOR THE JOINED ORGANIZATIONS TO SERVE OLDER-ADULT MARKETS IN BOTH STATES THROUGH A COMPREHENSIVE HEALTH AND WELL-BEING NETWORK. SINCE THE PARTNERSHIP'S INCEPTION, WELLSPIRE HAS:- DEVELOPED THE SUMMIT OF BETTENDORF, THE MARKET'S LARGEST CONTINUING-CARE COMMUNITY - REDEVELOPED WESTWING PLACE IN DEWITT, IOWA, AS FIELDSTONE OF DEWITT, A CAMPUS OFFERING VARIOUS LEVELS OF LIVING INCLUDING, FOR THE FIRST TIME LOCALLY, CCDI MEMORY CARE- BROUGHT THE CONCEPT OF PERSON-DIRECTED LIVING TO ALL OTHER COMMUNITIES FORMERLY UNDER THE AUSPICES OF GENESIS HEALTH SYSTEM, INCLUDING ILLINI RESTORATIVE CARE IN SILVIS, ILLINOIS WELLSPIRE COMMUNITIES OFFER THE FOLLOWING LEVELS OF LIVING:- LONG-TERM HEALTHCARE: COMPASSIONATE, ENRICHING 24/7 CARE FOR INDIVIDUALS WITH ACUTE AS WELL AS CHRONIC HEALTH CONDITIONS- MEMORY CARE, INCLUDING CCDI CARE: THE ONLY CCDI MEMORY-CARE OFFERING IN THE CLINTON COUNTY MARKET, AND ONE OF THE FEW IN SCOTT COUNTY- SHORT-TERM REHABILITATION: REHABILITATIVE CARE FOR INDIVIDUALS IN THE GREATER COMMUNITY AS WELL AS ON OUR CAMPUSES. INCLUDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY. - SHELTERED CARE: CARE FOR INDIVIDUALS WHO NEED ASSISTANCE NOT COMMENSURATE WITH SKILLED CARE, BUT ARE NOT ABLE TO LIVE ENTIRELY INDEPENDENTLY- ASSISTED LIVING: CARE AND SERVICES FOR PEOPLE WHO WISH TO LIVE AS INDEPENDENTLY AS POSSIBLE, WITH ASSISTANCE AS NEEDED AND DESIRED- INDEPENDENT LIVING: INTENDED FOR RESIDENTS WHO DESIRE AND ARE ABLE TO LIVE FULLY INDEPENDENTLY, INDEPENDENT LIVING OFFERS AN ATTRACTIVE, SAFE LIVING ENVIRONMENT FREE FROM THE MAINTENANCE REQUIREMENTS OF HOMEOWNERSHIP, WITH PLENTIFUL SOCIAL AMENITIES DESIGNED TO ENHANCE CONNECTIONS AND PREVENT ISOLATIONCOLLECTIVELY, OUR COMMUNITIES OFFER 180 HEALTH-CENTER BEDS THAT ARE DUALLY LICENSED FOR MEDICARE AND MEDICAID. THIRTY TO 35 PERCENT OF THE BEDS ARE UTILIZED FOR LONG-TERM HEALTHCARE WITH MEDICAID AS THE PRIMARY PAYER SOURCE, WITH AN ADDITIONAL 40 MEDICARE/MANAGED CARE BEDS FOR SHORT-TERM REHABILITATION. OUR LEVEL-OF-LIVING BREAKDOWN BY COMMUNITY IS:- SUMMIT: 105 IL, 16 ALMC, 17 AL, 40 LONG-TERM CARE - FIELDSTONE: 21 AL, 16 CCDI, 54 DUALLY LICENSED LONG-TERM CARE/SHORT-TERM REHABILITATION- ILLINI RESTORATIVE CARE: CURRENTLY AT 102 LICENSED BEDS AND 18 SHELTERED CARE. WELLSPIRE LLC SOLD THE ILLINI RESTORATIVE CARE ON 12/1/2024 SO SERVICES ENDED ON 12/1/2024 FOR THAT FACILITY. OUR COMMUNITIES BENEFIT THE GREATER COMMUNITIES IN WHICH THEY ARE LOCATED IN THE FOLLOWING WAYS:- OFFER SPACE FOR CIVIC, CHURCH, AND PHILANTHROPIC GROUPS, SUCH AS KNIGHTS OF COLUMBUS, BOARDS OF DIRECTORS OF LOCAL BUSINESSES, THE RED HAT SOCIETY, AUDUBON SOCIETY, BOOK CLUBS, BIBLE/RELIGIOUS-STUDY GROUPS, AND GARDEN CLUBS- PROVIDE SOCIAL ACTIVITIES TO WHICH MEMBERS OF THE GREATER COMMUNITY ARE INVITED AND INCLUDED, SUCH AS NEIGHBORHOOD HALLOWEEN/TRICK-OR-TREAT PARTIES, CHRISTMAS/HOLIDAY GATHERINGS, CONCERTS, ART EXHIBITS, FARMERS' MARKETS, GATHERINGS TO CELEBRATE LOCAL EVENTS, HUMANE SOCIETY ADOPTION EVENTS, DIETARY/NUTRITION EDUCATIONAL EVENTS, REAL-ESTATE EDUCATION EVENTS, AND MORE.- PROVIDE SAFE SPACES TO ENHANCE PHYSICAL WELL-BEING, SUCH AS FITNESS CENTERS, OUTDOOR WALKING TRAILS, ETC. OUR WELLAHEAD PROGRAM WELCOMES NON-RESIDENTS TO OUR FITNESS PAVILIONS WITH THE HOPE OF HELPING THEM LIVE HEALTHIER LIVES. - PROVIDE SUPPORT GROUPS FOR CHALLENGES SUCH AS ALZHEIMER'S AND PARKINSON'S DISEASES OPEN TO RESIDENTS / CAREGIVERS IN THE GREATER COMMUNITY AS WELL AS ON OUR CAMPUSES- CLIENTS AND PARTICIPANTS OF WELLSPIRE LLC SERVICES RECEIVED 1,529,682 IN CHARITABLE ASSISTANCE TO SUPPORT THEIR HEALTH AND WELL BEING THROUGH SERVICES PROVIDED BY WELLSPIRE.ABOUT WESLEYLIFEWESLEYLIFE HAS SERVED THE OLDER-ADULT MARKET FOR MORE THAN 76 YEARS, OWNING AND OPERATING 12 COMMUNITIES FOR PEOPLE 55 AND OLDER AND CREATING EXPERIENCES FOR THOUSANDS OF ADDITIONAL OLDER ADULTS THROUGH A ROBUST NETWORK OF HOME AND COMMUNITY-BASED OFFERINGS. THE ORGANIZATION, HEADQUARTERED IN JOHNSTON, IOWA, ALSO PROVIDES HOME HEALTH CARE AND SERVICES, ADULT DAY SERVICES, NUTRITION, AND HOSPICE CARE. THE ORGANIZATION ALSO OFFERS PUBLIC HEALTH NURSING AND SUPPORT SERVICES TO INDIVIDUALS WHO LIVE IN THEIR OWN HOMES AND ARE UNDERINSURED OR UNINSURED. ABOUT GENESIS HEALTH SYSTEMTHE DAVENPORT, IOWA-BASED GENESIS HEALTH SYSTEM SERVES A 17-COUNTY, BI-STATE REGION OF THE QUAD CITIES METROPOLITAN AREA AND THE SURROUNDING COMMUNITIES OF IOWA AND ILLINOIS. ALONG WITH ITS AFFILIATES, THE ORGANIZATION OFFERS A FULL CONTINUUM OF CARE, INCLUDING PREVENTIVE, PRIMARY, ACUTE AND TERTIARY HOSPITAL CARE; HOME HEALTH AND SENIOR LIVING; HOSPICE CARE; AND REHABILITATION.

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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 $82,938
Program Service Revenue $30,220,158
Investment Income $1,163,521
Other Revenue $106,767
TOTAL REVENUE $31,573,384

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,746,026
Fundraising Expenses $0
Program Expenses $27,146,721
Other Expenses $15,701,881
TOTAL EXPENSES $32,447,907

Year-over-Year Comparison

2024 2023 Change
Revenue $31,573,384 $28,097,645 +0.1%
Expenses $32,447,907 $32,630,122 0.0%
Net Income $-874,523 $-4,532,477 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
665
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
$629,172
Total Directors
5
$1,589,706
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTY VANDERWIEL CHAIR 5.00
Officer Director
$0 $18,269 $255,109
CRAIG FLANAGAN VICE CHAIR 6.00
Officer Director
$0 $30,002 $374,063
JOSEPH MALAS TREASURER 1.00
Officer Director
$0 $0 $0
JORDAN VOIGT DIRECTOR 1.00
Director
$0 $0 $0
ROB KRETZINGER DIRECTOR 6.00
Director
$0 $61,972 $960,534
CHELSEY KILLEAN - FIELDSTONE EXECUTIVE DIRECTOR 40.00
Highest
$130,078 $34,798 $164,876
JENNIFER DUNK - ILLINI RESTORATIVE EXECUTIVE DIRECTOR 40.00
Highest
$104,384 $29,993 $134,377
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 $31,573,384 $32,447,907 $81,508,255 $-874,523
2023 $28,097,645 $32,630,122 $88,803,061 $-4,532,477
2023 $28,582,073 $32,630,122 $88,803,061 $-4,048,049
2022 $21,274,414 $25,596,980 $93,044,438 $-4,322,566
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