WELLSPRING

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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

1994

Legal Domicile

Principal Officer

JAMES C COLI

Phone

6503288966

Tax Period

2024-01-01 to 2024-12-31

WELLSPRING, founded in 1994, is a community nonprofit in the Religion sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 13% surplus.

Mission

TO PROVIDE RETREATS AND SEMINARS TO TEACH CHRISTIAN SPIRITUAL FORMATION PRACTICES FOR PEOPLE TO ENHANCE THEIR RELATIONSHIP WITH GOD AND OTHERS.

Program Service Accomplishments

Program 1

Expenses: $847,559 Revenue: $37,285

WELLSPRING PROVIDED RESOURCES FOR DEVELOPING PERSONAL SPIRITUALITY AND RENEWAL TO PASTORS, CHRISTIAN NON-PROFIT LEADERS AND OTHER LAY PEOPLE. HIGHLIGHTS OF 2024 INCLUDE:1. WELLSPRING'S "SOULCARE"...

WELLSPRING PROVIDED RESOURCES FOR DEVELOPING PERSONAL SPIRITUALITY AND RENEWAL TO PASTORS, CHRISTIAN NON-PROFIT LEADERS AND OTHER LAY PEOPLE. HIGHLIGHTS OF 2024 INCLUDE:1. WELLSPRING'S "SOULCARE" PROGRAM FOR 36 BAY AREA PASTORS AND NON-PROFIT LEADERS MET FOR NINE MONTHS.2. WELLSPRING'S "SOULCARE" PROGRAM FOR 16 SOUTHERN CALIFORNIA PASTORS AND NON-PROFIT LEADERS MET FOR NINE MONTHS. 3. WELLSPRING'S "SOULCARE NEXT" PROGRAM FOR 8 PASTORS AND NON-PROFIT LEADERS IN THE BAY AREA. MONTHLY SMALL GROUP RETREATS MEETING SEPTEMBER - APRIL.4. WELLSPRING'S "SOULCARE COMMUNITIES" PROGRAM FOR 10 PASTORS AND NON-PROFIT LEADERS IN THE BAY AREA. MONTHLY SMALL GROUP RETREATS MEETING SEPTEMBER - APRIL. 5. WELLSPRING'S "SOULCARE PODCAST" AIRING 6 EPISODES IN 2024 ON TOPICS RELATED TO CARING FOR SOULS.6. HELD RETREAT FOR 85 SOULCARE ALUMNI AND SPOUSES IN MARCH 2024.7. TWO HALF-DAY LENTEN RETREATS ATTENDED BY A TOTAL OF 135 PARTICIPANTS.8. TWO HALF-DAY ADVENT RETREATS ATTENDED BY A TOTAL OF 156 PARTICIPANTS.9. WELLSPRING'S "SOUL LEADERSHIP" PROGRAM FOR 20 PASTORS WHICH MET QUARTERLY IN THE FIRST HALF OF 2024.10. INDIVIDUAL SPIRITUAL DIRECTION OFFERED BY 10 TRAINED DIRECTORS.11. CREATION OF ONLINE SPIRITUAL FORMATION RESOURCES INCLUDING DOWNLOADABLE PERSONAL RETREATS.

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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 $1,408,135

Program Service Revenue $37,285

Investment Income $20,820

Other Revenue $0

TOTAL REVENUE $1,466,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $882,898

Fundraising Expenses $122,840

Program Expenses $847,559

Other Expenses $390,508

TOTAL EXPENSES $1,273,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,466,240	$1,128,834	+0.3%
Expenses	$1,273,406	$1,192,688	+0.1%
Net Income	$192,834	$-63,854	-4.0%

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

$315,003

Total Directors

$691,642

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH HARNETT	PRESIDENT & BOARD CHAIRMAN	0.83	Officer Director	$0	$0	$0
RICHARD GOTTHARDT	SECRETARY	40.00	Officer Director	$84,556	$87,101	$171,657
PATTI PIERCE	FOUNDER & BOARD MEMBER	40.00	Director	$125,995	$57,748	$183,743
TERESA O'NEEL	FOUNDING TEAM AND BOARD MEMBER	10.00	Director	$51,758	$54,784	$106,542
JAMES CCOLI	MANAGING PARTNER	40.00	Officer Director	$98,725	$44,621	$143,346
KEN PEREZ	TREASURER	0.42	Officer Director	$0	$0	$0
JUNEAN LANIGAN	BUSINESS MANAGEMENT AND DEVELOPMENT PARTNER	40.00	Director	$70,497	$15,857	$86,354
JAKE CHACKO	VICE CHAIR AND BOARD MEMBER	0.42	Director	$0	$0	$0
DONNA IKEDA	BOARD MEMBER	0.42	Director	$0	$0	$0
TESS REYNOLDS	BOARD MEMBER	0.42	Director	$0	$0	$0
ELTON LIN	BOARD MEMBER - BEGINNING AUGUST 2024	0.42	Director	$0	$0	$0
BRAD CIRAULO	BOARD MEMBER - BEGINNING NOVEMBER 2024	0.42	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	$1,466,240	$1,273,406	$1,629,883	$192,834
2023	$1,128,834	$1,192,688	$1,437,752	$-63,854
2022	$1,243,324	$1,182,850	$1,478,908	$60,474
2021	$1,511,204	$879,796	$1,438,382	$631,408
2020	$878,565	$738,984	$804,659	$139,581
2019	$684,880	$595,830	$661,543	$89,050
2018	$556,424	$453,528	$573,634	$102,896