WELIA HEALTH (EIN 845163224) - 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

2020

Legal Domicile

Principal Officer

RANDY ULSETH

Phone

3206791212

Tax Period

2023-01-01 to 2023-12-31

WELIA HEALTH, founded in 2020, is a major nonprofit in the Health Care sector that reported $125.2M in total revenue in fiscal year 2023. Expenses of $118.2M left a modest 6% surplus.

Mission

TO SUPPORT AND IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.

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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 $290,067

Program Service Revenue $120,837,004

Investment Income $2,401,735

Other Revenue $1,685,619

TOTAL REVENUE $125,214,425

Expense Breakdown

Grants Paid $404,804

Salaries & Benefits $58,974,571

Fundraising Expenses $0

Program Expenses $97,162,321

Other Expenses $58,777,820

TOTAL EXPENSES $118,157,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,214,425	$122,712,130	+0.0%
Expenses	$118,157,195	$110,088,086	+0.1%
Net Income	$7,057,230	$12,624,044	-0.4%

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

716

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

$1,224,412

Total Directors

$760,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM SMITH	CHAIR	2.00	Officer Director	$5,250	$0	$5,250
BECCI STEFFEN	SECRETARY/TREASURER	1.00	Officer Director	$1,094	$0	$1,094
TERESA TERI HEGGERNES	VICE CHAIR	1.00	Officer Director	$1,200	$0	$1,200
CARL PEDERSON	BOARD MEMBER	1.00	Director	$730	$0	$730
JACK SCHWINGHAMER	BOARD MEMBER & PHYSICIAN	40.00	Director	$384,901	$60,846	$445,747
RYAN KROSCHEL	BOARD MEMBER & PHYSICIAN	40.00	Director	$291,482	$15,155	$306,637
WENDY CASWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY ULSETH	CEO	40.00	Officer	$873,514	$51,904	$925,418
JOSHUA ASP	CFO	40.00	Officer	$263,483	$27,967	$291,450
THOMAS MULLIN	SPORTS MEDICINE PHYSICIAN	40.00	Highest	$628,125	$53,291	$681,416
BRADLEY QUALEY	UROLOGIST	40.00	Highest	$497,813	$46,490	$544,303
MATTHEW SCHULTZ	PHYSICIAN	40.00	Highest	$402,647	$57,736	$460,383
ROBERT WEEKS	EMERGENCY MEDICINE PHYSICIAN	40.00	Highest	$411,209	$58,205	$469,414
ALBERT YOUN	GENERAL SURGEON	40.00	Highest	$414,488	$56,405	$470,893

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
2023	$125,214,425	$118,157,195	$192,789,719	$7,057,230
2022	$122,712,130	$110,088,086	$183,068,147	$12,624,044
2021	$249,214,411	$145,144,774	$186,758,390	$104,069,637

WELIA HEALTH