Wellspring

Nonprofit profile at a glance

EIN
383043083
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Detroit, MI, USA
Phone
3132559085
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Delinquency Prevention
Affiliation
Christianity

Reported finances

Revenue
$824,045
Expenses
$732,598
Assets
$1,331,093
Liabilities
$19,792

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

Leadership & pay

11 people listed

Highest reported compensation

  • DANIEL T BANDROWSKI (CO DIRECTOR/): $58,942 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 wellspring is to assist low income & at risk urban youthin developing themselves spirituallycocially, academically and economically. Activities include kumon math and reading, collrge preparation, leadership development, community service and summer employment.we also offer christian discipleship and bible studies for interested youth.

What it reported doing in 2024

First accomplishment wellspring's academic & youth development program was provided to 277 youth.182 of these youth participated in the kumon math and reading curriculum as well as other youh development activities. There were 37 youth in a 6 week summer reading program. There were 95 youth who participated in non kumon development activities.for those youth participating in the kumon curiculum, a total of 190.5 grade level increases were produced. Thhe average student advanced 1.5 grade levels in math or reading/ language art skills over a 12- month period. A kumon grade level is approximately equvalent to a grade level in public school.38 student took part in college prep and/or career support.there were 11 field trips and special activities. The non kumon activities included a teen leadership council, teen pholanthropy, adventur based leadership, development, college and career readiness and support, field trips for youth and teens and community services. Christian programing was also provided to interested youth and consisted primarily of our teen bible tudy.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.4%; rating input score 84
  • Program expense ratio: 94.6%; rating input score 95
  • Fundraising efficiency: $938.85 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.1%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 1.82; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 8%; rating input score 43; 43rd percentile among comparable filings

Growth

  • Program expense growth: 9.5% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 10% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 9.9% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 84.4% of revenue deployed · 94.6% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $693K in reported program spending
  • Leadership: top reported pay $59K · 11 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 43/100.