Wellstone Inc

Nonprofit profile at a glance

EIN
630579328
IRS 990 coverage
2009–2020
Forms available
Form 990 2020
Location
Huntsville, AL, USA
Phone
2565331970
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Mental Health Association

Reported finances

Revenue
$25,940,539
Expenses
$20,991,369
Assets
$27,230,089
Liabilities
$9,601,120

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • JEREMY BLAIR (CEO)

Highest reported compensation

  • AJMAL KHAN (PSYCHIATRIST): $331,137 total reported compensation
  • JEREMY BLAIR (CEO): $204,950 total reported compensation
  • DOUGLAS ADAMS (PSYCHIATRIST): $170,540 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mental Health Services

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

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 55
  • Accountability: 100
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67%; rating input score 67
  • Program expense ratio: 82.8%; rating input score 83
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 1st percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 67th 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: 19.1%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 1.3; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 5.5%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 11.6% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 67% of revenue deployed · 82.8% of spending went to programs
  • Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $17.4M in reported program spending
  • Leadership: top reported pay $331K · 23 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $245K reported
  • Consistency: 26 of 28 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 11 filing years from 2009 to 2020
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule D expense reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.