WELL-SPRING SERVICES INC

EIN: 900885759 501(c)(3) Philanthropy & Grantmaking

GREENSBORO, NC

Total Revenue
$5,048,007
Total Expenses
$2,667,563
Total Assets
$66,704,039
Net Assets
$64,817,706
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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)

Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NC
Principal Officer
STEPHEN P FLEMING
Phone
3365455407
Tax Period
2023-01-01 to 2023-12-31

WELL-SPRING SERVICES INC, founded in 2012, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 47% operating margin.

Mission

WELL-SPRING SERVICES, INC. SUPPORTS WELL-SPRING RETIREMENT COMMUNITY, INC.

🔒

Trantor Score

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)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,770,190
Investment Income $57,251
Other Revenue $2,220,566
TOTAL REVENUE $5,048,007

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,185,147
Fundraising Expenses $0
Program Expenses $2,665,639
Other Expenses $482,416
TOTAL EXPENSES $2,667,563

Year-over-Year Comparison

2023 2022 Change
Revenue $5,048,007 $2,985,653 +0.7%
Expenses $2,667,563 $9,017 +294.8%
Net Income $2,380,444 $2,976,636 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Governance

Voting Members
25
Independent Members
25
Employees
26
Volunteers
25

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
5
$941,112
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH BOGGS VICE-CHAIR, IMM. PAST CHAI 1.00
Officer Director
$0 $0 $0
KATHRYN COOKIE BILLINGS CHAIR 1.00
Officer Director
$0 $0 $0
JERRY BAILEY BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF BLASER ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
ANTHONY BOYD BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
DAN CAMIA BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY CANNER BOARD MEMBER 1.00
Director
$0 $0 $0
BOB CHANDLER BOARD MEMBER 1.00
Director
$0 $0 $0
TIM CLONTZ BOARD MEMBER 1.00
Director
$0 $0 $0
SALLY CONE BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN COX BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY GATLIN BOARD MEMBER 1.00
Director
$0 $0 $0
RUSTY HOLT BOARD MEMBER 1.00
Director
$0 $0 $0
DARYL INGOLD BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER KOENIG BOARD MEMBER 1.00
Director
$0 $0 $0
BONNIE MCALISTER BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN MCDONALD BOARD MEMBER 1.00
Director
$0 $0 $0
BOB POWELL BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN SHUMAKER BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLE SIMMS BOARD MEMBER 1.00
Director
$0 $0 $0
MARTY STADLER BOARD MEMBER 1.00
Director
$0 $0 $0
TOM STEELE BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
BEN ZURAW BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN P FLEMING PRESIDENT/CEO 31.00
Officer
$447,834 $34,843 $482,677
K ALAN TUTTEROW SECRETARY/CFO 31.00
Officer
$434,923 $23,512 $458,435
RICHARD WILLIAMS VP OF HUMAN RESOURCES 40.00
Highest
$145,799 $9,914 $155,713
LYNN WOOTEN VP OF MARKETING 40.00
Highest
$133,331 $9,658 $142,989
SCOTT HINSHAW CHIEF TECHNOLOGY OFFICER 40.00
Highest
$123,081 $22,508 $145,589
JERRY HAYES VP OF CONSTRUCTION SVCS 40.00
Highest
$112,073 $21,229 $133,302
JANET HOLBROOK CONTROLLER 40.00
Highest
$111,078 $11,904 $122,982
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 $5,048,007 $2,667,563 $66,704,039 $2,380,444
2022 $2,985,653 $9,017 $11,085,589 $2,976,636
2021 $171,950 No data $7,096,672 No data
2020 $2,502,029 No data $6,928,103 No data
2019 $1,117,918 No data $4,426,074 No data
2018 $49,805 No data $3,308,156 No data
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WELL-SPRING SERVICES INC with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.