MORA, MN
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
TO SUPPORT AND IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.
WELIA HEALTH PROUDLY SERVES ITS SURROUNDING COMMUNITIES WITH THE GOAL OF ENSURING PATIENTS' NEEDS AND HEALTH GOALS ARE ACHIEVED. DURING 2023, WELIA PROVIDED CARE FOR A TOTAL OF 3,359 INPATIENT DAYS...
WELIA HEALTH PROUDLY SERVES ITS SURROUNDING COMMUNITIES WITH THE GOAL OF ENSURING PATIENTS' NEEDS AND HEALTH GOALS ARE ACHIEVED. DURING 2023, WELIA PROVIDED CARE FOR A TOTAL OF 3,359 INPATIENT DAYS. WELIA ENCOUNTERED 87,717 CLINIC VISITS, 11,305 EYE CLINIC VISITS, 10,488 URGENCY VISITS, 15,363 EMERGENCY VISITS, 3,379 SURGERIES, AND 242 NEWBORN DELIVERIES. WELIA HEALTH ALSO ENSURES HEATH CARE IS AFFORDED TO ALL PATIENTS REGARDLESS OF FINANCIAL SITUATION. STRONG EFFORTS ARE MADE TO ENSURE CHARITY CARE IS GRANTED FOR THOSE THAT QUALIFY. IN 2023, $175,146 IN SERVICES WERE PROVIDED TO CHARITY CARE PATIENTS. WELIA CONTINUES TO HAVE A VERY LARGE PRESENCE IN THE LOCAL COMMUNITIES BY PROMOTING HEALTH AND WELLNESS THROUGH VARIOUS PROGRAMS OFFERED TO THE PUBLIC, HIGHWAY CLEAN UP MISSIONS, SUPPORT GROUPS, SPORTS PHYSICALS FOR STUDENT ATHLETES, BLOOD DRIVES, EMS COVERAGE AT COMMUNITY EVENTS, 48-HOUR WELL-BABY CHECKS, TRANSPORTATION, ETC.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare WELIA HEALTH with other nonprofits in Minnesota and across the country.