WELLS 20 FOUNDATION INC

EIN: 852970732 501(c)(3) Recreation & Sports

HOLDREGE, NE

Total Revenue
$71,230
Total Expenses
$3,973
Total Assets
$229,941
Net Assets
$229,941
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NE
Principal Officer
NICHOLAS M WELLS
Phone
3089919544
Tax Period
2023-01-01 to 2023-12-31

WELLS 20 FOUNDATION INC, founded in 2020, is a micro nonprofit in the Recreation & Sports sector that reported $71K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $67K, a strong 94% operating margin.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND BENEVOLENT PURPOSES TO FURTHER CREATE THE FACILITIES AND INFRASTRUCTURE NECESSARY TO FOSTER, DEVELOP AND PROMOTE YOUTH SPORTS AND RELATED YOUTH ACTIVITIES IN AND AROUND HOLDREGE, NEBRASKA AND INCLUDING THE SOLICITATION AND ACCEPTANCE OF GIFTS, DEVISES AND BEQUESTS OF PROPERTY FOR THE FURTHERANCE OF SAID CHARITABLE PURPOSES ALL AS PROVIDED IN SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $88,668
Program Service Revenue $0
Investment Income $0
Other Revenue $-17,438
TOTAL REVENUE $71,230

Expense Breakdown

Grants Paid $2,823
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,823
Other Expenses $1,150
TOTAL EXPENSES $3,973

Year-over-Year Comparison

2023 2022 Change
Revenue $71,230 $112,509 -0.4%
Expenses $3,973 $10,113 -0.6%
Net Income $67,257 $102,396 -0.3%
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

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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
9
Independent Members
9
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
0
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS M WELLS ADMINISTRATO 5.00
Director
$0 $0 $0
RYAN D WELLS SECRETARY N/A
Director
$0 $0 $0
ETHAN M SONESON DIRECTOR N/A
Director
$0 $0 $0
BRENT G SONESON DIRECTOR N/A
Director
$0 $0 $0
ALEXANDER R WELLS DIRECTOR N/A
Director
$0 $0 $0
CANDA R WELLS TREASURER N/A
Director
$0 $0 $0
CHRISTOPHER SWANSON DIRECTOR N/A
Director
$0 $0 $0
AARON IDE DIRECTOR N/A
Director
$0 $0 $0
AARON JOHNSON DIRECTOR N/A
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
2024 No data No data No data No data
2023 $71,230 $3,973 $229,941 $67,257
2022 $112,509 $10,113 $162,684 $102,396
2021 $62,256 $12,010 $60,288 $50,246
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