Wellspire Llc
Wellspire Llc reported $31.6 million in revenue and $32.4 million in expenses for calendar year 2024. Of every $100 it spent, $83.66 went to program services, $16.34 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.7% of the total. The highest compensation it reported for one person was $960,534 (DIRECTOR). 2 people received more than $100,000 in reportable compensation. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $32MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $32MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.7% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.3% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.3% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.7% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $960,534 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.96% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 2 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.6 | 6.8 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe partnership of wesleylife and genesis health system, both non-profit organizations and market leaders, strengthens a common mission to pave the way for older adults in the quad cities of iowa and illinois to lead healthy, fulfilling lives that focus on health and well-being. The name "wellspire" was derived from the combination of "well and "inspire, and the selection of the two words was deliberate in terms of the goals of the organization, formed in 2019.wesleylife brought three-quarters of a century of expertise serving older adults to genesis health system's existing senior living…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 6.00 hrs/week | $0 | $898,562 | $61,972 | $960,534 |
| VICE CHAIR Director/trustee, officer, 6.00 hrs/week | $0 | $344,061 | $30,002 | $374,063 |
| CHAIR Director/trustee, officer, 5.00 hrs/week | $0 | $236,840 | $18,269 | $255,109 |
| EXECUTIVE DIRECTOR Highest compensated employee, 40.00 hrs/week | $130,078 | $0 | $34,798 | $164,876 |
| EXECUTIVE DIRECTOR Highest compensated employee, 40.00 hrs/week | $104,384 | $0 | $29,993 | $134,377 |
2 people received more than $100,000 in reportable compensation from Wellspire Llc (Part VII, line 2).
3 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5665
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SHIFTKEY Nursing pool | $636,546 |
| SELECT REHABILITATION INC Medical services | $619,741 |
| CLIPBOARD HEALTH Nursing pool | $597,820 |
| AEGIS THERAPIES INC Medical services | $374,991 |
| GRAPE TREE MEDICAL STAFFING Nursing pool | $326,356 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Wellspire Llc's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Wellspire Llc, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Wellspire Llc spent in 2024, $83.66 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Wellspire Llc's spending goes to programs?
In calendar year 2024, Wellspire Llc reported that 83.7% of its $32.4 million in expenses went to program services, 16.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Wellspire Llc pay its top executive?
The largest total compensation Wellspire Llc reported for one person in calendar year 2024 was $960,534, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Wellspire Llc get its money?
Of $31.6 million in revenue in calendar year 2024, 0.3% came from contributions and grants and 95.7% from program service revenue (Form 990, Part VIII).
Is Wellspire Llc a registered charity?
The IRS lists EIN 83-3724025 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503199349302785 · read the filing · XML
- 2023: Form 990 for calendar year 2023 (amended), object 202540879349300824 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349330403 · read the filing
All filings for EIN 83-3724025: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.