WELLBEING FOUNDATION AMERICA INC

EIN: 834588770 501(c)(3) Mental Health

WILLIAMSVILLE, NY

Total Revenue
$2,310,365
Total Expenses
$1,233,675
Total Assets
$5,766,724
Net Assets
$5,760,584
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
SCOTT BAKER
Phone
4169258242
Tax Period
2024-01-01 to 2024-12-31

WELLBEING FOUNDATION AMERICA INC, founded in 2018, is a community nonprofit in the Mental Health sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 212% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 47% operating margin.

Mission

TO PROMOTE THE MENTAL HEALTH AND WELL-BEING OF PEOPLE THROUGHOUT THE COUNTRY BY CONDUCTING AND FUNDING PROGRAMS TO EDUCATE AMERICANS ON MENTAL WELLNESS ISSUES. THE FOUNDATION WILL DESIGN AND HOLD A VARIETY OF PUBLIC EDUCATIONAL FORUMS, SEMINARS AND "SUMMITS" OPEN TO THE PUBLIC, WITHOUT CHARGE TO THE ATTENDEES, AT LOCATIONS ACROSS THE COUNTRY TO PRESENT LECTURES AND INFORMATION ON MENTAL WELLNESS ISSUES INCLUDING DISTRIBUTING PRINTED MATERIALS OR "KITS" OF INFORMATION AT THE PROGRAMS FOR PEOPLE TO TAKE HOME WITH THEM TO READ AND LEARN FROM.

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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 $1,892,493
Program Service Revenue $0
Investment Income $417,872
Other Revenue $0
TOTAL REVENUE $2,310,365

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $49,000
Program Expenses $1,063,505
Other Expenses $1,233,675
TOTAL EXPENSES $1,233,675

Year-over-Year Comparison

2024 2023 Change
Revenue $2,310,365 $739,897 +2.1%
Expenses $1,233,675 $1,542,908 -0.2%
Net Income $1,076,690 $-803,011 -2.3%
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
4
Independent Members
4
Employees
N/A
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BAUM DIRECTOR 2.00
Director
$0 $0 $0
JIMMIE WILLIAM PRICE III DIRECTOR 2.00
Director
$0 $0 $0
BARBARA HOSKINS PHD CHAIRMAN 2.00
Director
$0 $0 $0
SCOTT BAKER EXECUTIVE DI 2.00
Officer
$0 $0 $0
SERENA ZHANG CFO 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 No data No data No data No data
2024 $2,310,365 $1,233,675 $5,766,724 $1,076,690
2023 $739,897 $1,542,908 $4,606,555 $-803,011
2022 $1,694,048 $1,449,884 $5,338,890 $244,164
2021 $3,951,095 $2,399,975 $5,436,488 $1,551,120
2020 $4,161,511 $448,064 $3,924,196 $3,713,447
2019 $697,679 $531,231 $655,448 $166,448
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