Springwell Inc
Overview
Mission
See schedule o
What it reported doing in 2024
Nutrition and community services: as the area's designated area agency on aging (aaa) springwell is responsible for developing comprehensive, community-based services that meet the needs of older adults. The goal of these services is to help individuals lead independent, meaningful and dignified lives in their own homes and communities for as long as possible while at the same time saving money that would otherwise need to be spent on more expensive residential care in a facility. Springwell offers services such as help with applying for public benefits, grocery shopping assistance, friendly visiting, and home delivered meals.springwell's community services programs served 8,961 individuals in fiscal year 2025.springwell provides nutritional services to individuals in the area through a home delivered meals program and at 17 community dining sites. These programs provide both a nutritious meal and an opportunity to socialize with neighbors. Springwell's meal options include a regular meal, a medically tailored meal, a supper meal, frozen meals for weekends and holidays, as well as kosher and chinese meals.springwell's nutrition program served 3,230 individuals in fiscal year 2025.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 83% of its reported program spending out as grants.
Nonprofit profile at a glance
- EIN
- 042616064
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Headquarters
- Waltham, MA, USA
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.3%; rating input score 94
- Program expense ratio: 97.3%; rating input score 97
- Fundraising efficiency: $3.33 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 2.4%; rating input score 45; 45th percentile among comparable filings
- Operating reserve ratio: 0.38; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 1.2%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: 13.8% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 12.9% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 17.1% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 94.3% of revenue deployed · 97.3% of spending went to programs
- Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $113.5M in reported program spending
- Leadership: top reported pay $237K · 27 people listed · 1 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 annual filings from 2011 to 2024
- Money network: 21 filed money-flow records
- Related organizations: 12 filed related-organization links