WELLSKY FOUNDATION (EIN 841757276) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

JOSEPH BEAUDET

Phone

9133071000

Tax Period

2023-07-01 to 2024-06-30

WELLSKY FOUNDATION, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $958K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $822K left a modest 14% surplus.

Mission

OUR MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR VULNERABLE POPULATIONS BY REMOVING SOCIAL BARRIERS TO RECOVERY AND WELLNESS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,105,973

Program Service Revenue $0

Investment Income $0

Other Revenue $-148,121

TOTAL REVENUE $957,852

Expense Breakdown

Grants Paid $729,500

Salaries & Benefits $0

Fundraising Expenses $6,489

Program Expenses $729,500

Other Expenses $92,642

TOTAL EXPENSES $822,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$957,852	$670,777	+0.4%
Expenses	$822,142	$783,529	+0.0%
Net Income	$135,710	$-112,752	-2.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$177,262

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA MORGAN	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
JOSEPH BEAUDET	TRESURER	2.00	Officer Director	$0	$0	$0
ROBERT WEBER	SECRETARY	1.00	Officer Director	$0	$0	$0
DR LISSY HU	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM MILLER	DIRECTOR	2.00	Director	$0	$0	$0
SHOMA THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MAYER	DIRECTOR	2.00	Director	$0	$0	$0
BRETT FULLER	PRESIDENT/EXECUTIVE DIRECTOR	40.00	Officer	$0	$16,114	$177,262

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	No data	No data	No data	No data
2024	$957,852	$822,142	$724,274	$135,710
2023	$670,777	$783,529	$588,564	$-112,752
2022	$594,397	$312,178	$701,316	$282,219
2021	$576,265	$276,620	$419,097	$299,645
2020	$351,624	$232,172	$119,452	$119,452

WELLSKY FOUNDATION