The Well Collective

EIN: 871296870 501(c)(3) Human Services

Richmond, VA

Total Revenue
$494,688
Total Expenses
$463,691
Total Assets
$66,025
Net Assets
$66,025
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Tax Period
2025-01-01 to 2025-12-31

BareSoul Wellness Inc, founded in 2021, is a micro nonprofit in the Human Services sector that reported $64K in total revenue in fiscal year 2023. The organization ran a surplus of $19K, a strong 29% operating margin.

Mission

Provide Health and Wellness to those less fortunate

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $402,742
Program Service Revenue $91,825
Investment Income $0
Other Revenue $121
TOTAL REVENUE $494,688

Expense Breakdown

Grants Paid $0
Salaries & Benefits $202,151
Fundraising Expenses $131,625
Program Expenses $178,184
Other Expenses $250,538
TOTAL EXPENSES $463,691

Year-over-Year Comparison

2025 2024 Change
Revenue $494,688 $324,908 +0.5%
Expenses $463,691 $321,375 +0.4%
Net Income $30,997 $3,533 +7.8%
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
3
Independent Members
2
Employees
4
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ashley Williams Executive Director 0.00
Officer
$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
2025 $494,688 $463,691 $66,025 $30,997
2024 $324,908 $321,375 $19,758 $3,533
2023 $64,201 $45,575 $18,626 $18,626
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