WELLSPACE HEALTH (EIN 941713704) - 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

1970

Legal Domicile

Principal Officer

A JONATHAN PORTEUS PHD

Phone

9164694690

Tax Period

2024-07-01 to 2025-06-30

WELLSPACE HEALTH, founded in 1970, is a major nonprofit in the Mental Health sector that reported $171.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $28.5M, a strong 17% operating margin.

Mission

ACHIEVING REGIONAL HEALTH THROUGH HIGH QUALITY COMPREHENSIVE CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $34,146,065

Program Service Revenue $136,270,903

Investment Income $302,637

Other Revenue $747,135

TOTAL REVENUE $171,466,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,157,226

Fundraising Expenses $0

Program Expenses $133,651,401

Other Expenses $52,763,321

TOTAL EXPENSES $142,920,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$171,466,740	$144,431,220	+0.2%
Expenses	$142,920,547	$154,805,392	-0.1%
Net Income	$28,546,193	$-10,374,172	-3.8%

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

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

1255

Volunteers

120

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

$1,257,325

Total Directors

Key Employees

$1,721,347

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEAH MURPHY-PRESIDENT	COMMUNITY DIRECTOR	1.00	Officer Director	$0	$0	$0
JOYCE WHITEN-FIRST	VICE PRESIDENT/CONSUMER DIRECTOR	1.00	Officer Director	$0	$0	$0
BILL BARCELLONA-SECOND	VICE PRESIDENT/CONSUMER DIRECTOR	1.00	Officer Director	$0	$0	$0
JIM TILTON - SECRETARY	COMMUNITY DIRECTOR	1.00	Officer Director	$0	$0	$0
LARRY MAAS - TREASURER	COMMUNITY DIRECTOR	1.50	Officer Director	$0	$0	$0
CHRIS BAKER	CONSUMER DIRECTOR	1.00	Director	$0	$0	$0
RUZWA COOPER	COMMUNITY DIRECTOR	1.50	Director	$0	$0	$0
TIMOTHY MARTIN	CONSUMER DIRECTOR	1.00	Director	$0	$0	$0
LISA STEWART	CONSUMER DIRECTOR	1.00	Director	$0	$0	$0
A JONATHAN PORTEUS PHD -CHIEF	EXECUTIVE OFFICER/PSYCHOLOGIST	40.00	Officer	$466,832	$9,786	$476,618
JANINE BERA	CHIEF HEALTH OFFICER/MD	40.00	Officer	$423,818	$37,506	$461,324
CHUE VANG	CHIEF FINANCIAL OFFICER	40.00	Officer	$305,993	$13,390	$319,383
BRENDA SHIPP-CHIEF OPERATIONS	COMPLIANCE OFFICER (THRU 04/25)	40.00	Key Emp	$351,001	$24,817	$375,818
CORDIA LOSH II	CHIEF STRATEGY OFFICER	40.00	Key Emp	$277,221	$27,590	$304,811
CHRISTIE GONZALES	CHIEF OPERATING OFFICER	40.00	Key Emp	$271,180	$18,472	$289,652
NANCY BUI-THOMPSON	CHIEF INFORMATION OFFICER	40.00	Key Emp	$267,500	$15,263	$282,763
SAMANTHA NEWTON	CHIEF HUMAN RESOURCES OFFICER	40.00	Key Emp	$217,265	$33,782	$251,047
BEN AVEY	CHIEF PUBLIC AFFAIRS OFFICER	40.00	Key Emp	$210,358	$6,898	$217,256
MARK ZHANG	OB/GYN PHYSICIAN	40.00	Highest	$710,150	$33,283	$743,433
OLGA THORNE	MD/OB GYNECOLOGIST	40.00	Highest	$520,935	$26,275	$547,210
FRESHTA KAKAR	MEDICAL DIRECTOR OF WOMENS HEALTH/MD	40.00	Highest	$490,049	$36,807	$526,856
PRUDENCIO SAMSON	PSYCHIATRIST	40.00	Highest	$466,186	$6,246	$472,432
LATA SANTHAKUMAR	MDOBGYNECOLOGIST	40.00	Highest	$444,992	$4,298	$449,290

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	$171,466,740	$142,920,547	$125,749,594	$28,546,193
2024	$144,431,220	$154,805,392	$104,952,483	$-10,374,172
2023	$136,532,999	$131,622,856	$114,813,629	$4,910,143
2022	$128,391,519	$105,654,650	$79,197,223	$22,736,869
2021	$115,094,216	$93,724,012	$56,477,823	$21,370,204
2021	$113,777,679	$92,240,904	$58,935,597	$21,536,775
2020	$77,086,034	$77,525,262	$37,804,786	$-439,228
2019	$66,488,326	$65,940,546	$27,412,698	$547,780
2018	$53,863,007	$55,371,165	$21,032,602	$-1,508,158

WELLSPACE HEALTH