WELLFARE INC

EIN: 852658123 501(c)(3)

BROKOLYN, NY

Total Revenue
$3,003,799
Total Expenses
$2,573,908
Total Assets
$802,392
Net Assets
$771,717
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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
DE
Principal Officer
COLE RILEY
Phone
9178387060
Tax Period
2022-01-01 to 2022-12-31

WELLFARE INC, founded in 2020, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2022. Revenue surged 116% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 14% surplus.

Mission

TO TRANSFORM THE STATE OF GROCERY AND NUTRITION IN LOW-INCOME COMMUNITIES ACROSS THE COUNTRY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,002,668
Program Service Revenue $1,131
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,003,799

Expense Breakdown

Grants Paid $2,304,193
Salaries & Benefits $73,202
Fundraising Expenses $28,409
Program Expenses $2,460,173
Other Expenses $196,513
TOTAL EXPENSES $2,573,908

Year-over-Year Comparison

2022 2021 Change
Revenue $3,003,799 $1,388,202 +1.2%
Expenses $2,573,908 $1,038,062 +1.5%
Net Income $429,891 $350,140 +0.2%
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

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Governance

Voting Members
4
Independent Members
3
Employees
1
Volunteers
746

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
$68,000
Total Directors
4
$68,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLE RILEY CHAIR & CEO 80.00
Officer Director
$68,000 $0 $68,000
RYAN LEWENDON TREASURER 2.00
Officer Director
$0 $0 $0
JOSH WAND SECRETARY 2.00
Officer Director
$0 $0 $0
BENJAMIN CHESLER DIRECTOR 2.00
Director
$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
2022 $3,003,799 $2,573,908 $802,392 $429,891
2021 $1,388,202 $1,038,062 $365,894 $350,140
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