Wellspring Counseling Inc
Nonprofit profile at a glance
- EIN
- 270979279
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-EZ 2011
- Location
- Palmetto Bay, FL, USA
- Phone
- 7865737010
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Counseling, Support Groups
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,598,930
- Expenses
- $1,661,127
- Assets
- $534,311
- Liabilities
- $184,592
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- TOVA KREPS (PRESIDENT/SECRETARY)
Highest reported compensation
- TOVA KREPS (PRESIDENT/SECRETARY): $88,310 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wellspring counseling is a faith-based, non-profit organization that provides outreach programs for mental health services and education in a professional, christian and holistic way in order to bring about transforming change in individuals, communities and for generations to come.
What it reported doing in 2024
Counseling program: wellspring provides counseling sessions to the greater miami community and beyond using its staff of licensed therapists, registered therapists and masters level interns. The counseling sessions treat a wide range of issues such as anxiety, trauma, grief and loss, depression, marital and family difficulties, addiction and other areas of desired change. Wellspring therapists utilize a variety of clinical modalities, live telehealth sessions, and counseling services in english, spanish and portuguese. Wellspring also serves as a teaching facility providing supervision for masters' level counseling interns. Through a county funded grant, wellspring provides a trauma resolution program called bounce! To youth who experienced traumatic events and exhibited post traumatic stress disorder symptoms. Wellspring received a foundation grant for bounce! Youth participants for follow up counseling. Wellspring's standard rates for counseling are below customary fees. Wellspring provides access to counseling for clients with financial needs through financial aid and solicited financial support through fundraising events and community-based organization grants. Clients who are able to pay for counseling through insurance billing or self-pay are encouraged to do so. Throughout the years, wellspring has increased the number of employees and invested in an electronic medical record system with greater capacity for growth in clinical volume. Wellspring's counseling rates remain below customary fees, ensuring access for clients with financial needs. The organization provides financial aid and secures additional support through fundraising events and community-based grants. Clients able to pay through insurance or self-pay are encouraged to do so. Wellspring receives an annually renewed foundation grant to fund its bounce! Youth resiliency program, offered several times each year to build emotional resilience and provide follow-up counseling for youth participants. Over time, wellspring has expanded its staff and invested in an electronic medical record system to support clinical growth. Since 2020, wellspring has continued providing telehealth services to ensure safety and increase access statewide, while maintaining five physical locations throughout south Florida for in-person counseling and community-based services.
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.
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: 78
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 25
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.6%; rating input score 87
- Program expense ratio: 83.2%; rating input score 83
- Fundraising efficiency: $5.86 raised per $1 spent on fundraising; rating input score 22; 22nd 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.9%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.32; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 12.9% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 13.8% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 18.7% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 86.6% of revenue deployed · 83.2% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1.4M in reported program spending
- Leadership: top reported pay $88K · 10 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- High — Financial Efficiency: Fundraising efficiency scored 22/100.
- High — Sustainability: Operating margin scored 26/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.