WELLO INC (EIN 854126872) - 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

JENNIFER SCHNELL

Phone

9203092202

Tax Period

2023-10-01 to 2024-09-30

WELLO INC, founded in 2020, is a small nonprofit in the Health Care sector that reported $792K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum.

Mission

WELLO'S PURPOSE IS TO CO-CREATE COMMUNITY CONDITIONS THAT ARE FAIR AND JUST TO DRIVE HIGH LEVELS OF HEALTH AND WELL-BEING FOR ALL.WE BELIEVE THAT EVERYONE SHOULD HAVE THE OPPORTUNITY TO BE THEIR BEST SELF AND LIVE THEIR BEST LIVES. TOGETHER, WE ARE BUILDING A LEGACY OF WELL-BEING.

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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 $791,528

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $791,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,942

Fundraising Expenses $17,659

Program Expenses $707,204

Other Expenses $364,047

TOTAL EXPENSES $802,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$791,528	$489,298	+0.6%
Expenses	$802,989	$471,994	+0.7%
Net Income	$-11,461	$17,304	-1.7%

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

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

$96,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHAEL COCHART	PRESIDENT	1.00	Officer Director	$0	$0	$0
JACOB BAUMAN	PAST PRESIDENT	1.00	Director	$0	$0	$0
JENNIFER SCHNELL	TREASURER	1.00	Officer Director	$0	$0	$0
SHOUA LEE	DIRECTOR	1.00	Director	$0	$0	$0
DR KRISTIN LYERLY	DIRECTOR	1.00	Director	$0	$0	$0
JOE FAULDS	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY CHRISTENSEN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH INMAN	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MCBRIDE-MOORE	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SLAVIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JARED SAMUELS	DIRECTOR	1.00	Director	$0	$0	$0
ALLIE BARTHEN	DIRECTOR	1.00	Director	$0	$0	$0
SRI KANTANMENI	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA DANFORTH	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE BOMBSTAD	EXECUTIVE DIRECTOR	40.00	Officer	$96,150	$0	$96,150

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	$791,528	$802,989	$591,878	$-11,461
2023	$489,298	$471,994	$247,652	$17,304
2022	$359,603	$413,558	$218,597	$-53,955
2021	$415,065	$153,586	$264,309	$261,479

WELLO INC