Wellspace Health

Nonprofit profile at a glance

EIN
941713704
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Sacramento, CA, USA
Phone
9164694690
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Alcohol, Drug Abuse, Treatment Only

Official website

Reported finances

Revenue
$171,466,740
Expenses
$142,920,547
Assets
$125,749,594
Liabilities
$49,096,439

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • JOYCE WHITEN-FIRST (VICE PRESIDENT/CONSUMER DIRECTOR)
  • BILL BARCELLONA-SECOND (VICE PRESIDENT/CONSUMER DIRECTOR)

Highest reported compensation

  • MARK ZHANG (OB/GYN PHYSICIAN): $743,433 total reported compensation
  • OLGA THORNE (MD/OB GYNECOLOGIST): $547,210 total reported compensation
  • FRESHTA KAKAR (MEDICAL DIRECTOR OF WOMENS HEALTH/MD): $526,856 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of wellspace health is achieving regional health through high quality comprehensive care.

What it reported doing in 2024

Wellspace health is a nonprofit community health system providing high-quality comprehensive medical, dental, behavioral health, and supportive services to everyone, with a special focus on underserved people and neighborhoods. Serving the greater sacramento region since 1953, wellspace operates an integrated model of care, bringing multiple streams of care together including a network of federally qualified health centers, certified community behavioral health clinics, 988 suicide and crisis lifeline, and a multitude of federal, state, and locally funded programs. On average, wellspace serves up to 1,400 people per day at 35 centers and another 500 people per day through the 988 suicide and crisis lifeline.

Operating model

Revenue model
Earned-program. 79% of the money available for current operations came from fees and other program revenue.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 80
  • Accountability: 95
  • Sustainability: 58
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.8%; rating input score 78
  • Program expense ratio: 93.5%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 16.6%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 0.88; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 4%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 15.5% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 15.4% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 18% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 77.8% of revenue deployed · 93.5% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $133.7M in reported program spending
  • Leadership: top reported pay $743K · 23 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5M reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.