Wellmore Inc
Nonprofit profile at a glance
- EIN
- 060669107
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Waterbury, CT, USA
- Phone
- 2035749000
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Mental Health Center
Reported finances
- Revenue
- $27,529,778
- Expenses
- $26,505,487
- Assets
- $17,986,067
- Liabilities
- $6,285,806
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- DR JAMES F NARDOZZI (PRESIDENT/CHAIR)
- GARY M STECK LMFT (CHIEF EXECUTIVE OFFICER)
- KRISTIN PRACITTO (VICE PRESIDENT OF CHILD SERVICES)
Highest reported compensation
- CHRISTOPHER YOUNG MD (MEDICAL DIRECTOR): $468,854 total reported compensation
- GARY M STECK LMFT (CHIEF EXECUTIVE OFFICER): $290,415 total reported compensation
- TABASSUM ALI (ASSOCIATE MEDICAL DIRECTOR): $207,035 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote lifetime wellness through essential and innovative treatment and support where individuals are empowered to lead healthy and fulfilling lives.
What it reported doing in 2024
Outpatient services. Wellmore provides outpatient services for adults, children, youth and their families in a wide range of outpatient mental health, substance dependency or co-occurring mental health and substance dependency. Service types include individual, family and group therapy using established outcome treatment modalities. Other valuable services include psychiatric assessments and medication management. The oasis program is a program of staywell health center where wellmore is providing the direct care through a subcontract agreement. The program is an outpatient substance abuse program specializing in opioid addiction using suboxone medication management treatment combined with group therapy interventions. The outpatient services are designed to promote positive mental health and improve functioning while decreasing the prevalence of and incidence of mental illness and/or substance dependency.
Operating model
- Revenue model
- Grant-funded. 71% of the money available for current operations came from government grants.
- 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84%; rating input score 84
- Program expense ratio: 87%; rating input score 87
- Fundraising efficiency: $99.27 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.7%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.68; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 7.3%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 8.5% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 84% of revenue deployed · 87% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $23.1M in reported program spending
- Leadership: top reported pay $469K · 24 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2M reported
- Consistency: 38 of 39 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- 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.
- Moderate — Sustainability: Operating margin scored 49/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.