Colonel (Dr) Patricia Wells-Thomas Foundation

Nonprofit profile at a glance

EIN
920439892
IRS 990-EZ coverage
2022–2023
Forms available
Form 990-EZ 2023
Location
Montgomery, AL, USA
Phone
3343183402
Rating
89
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$1,458
Expenses
$1,458
Assets
$75
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Colonel Dr Patricia Thomas (Founder and President)
  • Rev Oliver Wells (Vice President)

People named in this filing

  • Colonel Dr Patricia Thomas (Founder and President)
  • Ms Theresa Osborne (Director)
  • Ms Delphia Macon (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide Academic Scholarships, Veterans support and activities, and Community educational and support services activities

What it reported doing in 2023

Leadership Workshops for High School Seniors, Motivational presentations for post-high school opportunities. Presented three events serving approximately 142 students total.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 100
  • Sustainability: 39
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.2%; rating input score 93
  • Program expense ratio: 93.2%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 0%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -47.3% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -62.7% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 0% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 93.2% of revenue deployed · 93.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $1K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.