Wellmed Charitable Foundation

Wellmed Charitable Foundation consistently reports 0% officer compensation amidst stable financial operations and asset growth.

EIN: 205087010 · San Antonio, TX · NTEE: B60 · Updated: 2026-03-28

$8.6MRevenue

$5.3MAssets

92/100Mission Score (Excellent)

B60

About Wellmed Charitable Foundation

Wellmed Charitable Foundation (EIN: 205087010) is a nonprofit organization based in San Antonio, TX, classified under NTEE code B60. The organization reported total revenue of $8.6M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellmed Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Wellmed Charitable Foundation demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, expenses of $3,960,192 slightly outpaced revenue of $3,838,583, indicating a slight draw on reserves. However, in 2019, revenue of $6,336,513 significantly exceeded expenses of $4,912,448, contributing to asset growth. The foundation's assets have shown steady growth, reaching $4,164,123 in 2023, up from $1,541,551 in 2013, suggesting sound financial management and accumulation of resources. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries.

While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent expenditure levels relative to revenue suggest a stable operational model. The absence of officer compensation is a significant positive for transparency and efficiency. The foundation's ability to maintain and grow its asset base while consistently incurring expenses close to or slightly above revenue in some years indicates a strategic approach to utilizing funds for its charitable purposes, rather than accumulating excessive reserves. The NTEE code B60 (Health Care) suggests a clear program focus.

Overall, the Wellmed Charitable Foundation appears to be a financially stable organization with a strong commitment to transparency regarding executive compensation. Its consistent financial reporting and asset growth, coupled with the lack of officer compensation, paint a picture of a well-managed entity focused on its mission. Further analysis of detailed expense categories would provide a more granular understanding of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Wellmed Charitable Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Wellmed Charitable Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly favorable for directing funds to charitable activities.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Wellmed Charitable Foundation:

Consistent 0% officer compensation across all filings, indicating high efficiency and mission focus.
Steady growth in assets from $1,541,551 in 2013 to $4,164,123 in 2023, demonstrating financial stability.
Consistent revenue generation, with latest revenue at $3,838,583, supporting ongoing operations.
Low liabilities relative to assets, with liabilities at $734,625 against assets of $4,164,123 in 2023, indicating good financial management.

Frequently Asked Questions about Wellmed Charitable Foundation

Is Wellmed Charitable Foundation a good charity?

Based on the provided data, the Wellmed Charitable Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are not diverted to executive salaries. Its assets have grown from $1,541,551 in 2013 to $4,164,123 in 2023, demonstrating financial stability and growth. While detailed program spending isn't fully broken down, the lack of executive compensation suggests a strong focus on mission.

How has the foundation's financial health changed over the last decade?

The foundation's financial health has generally improved over the last decade. Assets have grown significantly from $1,541,551 in 2013 to $4,164,123 in 2023. While there have been years where expenses slightly exceeded revenue (e.g., 2023 and 2022), the overall trend shows a stable to growing asset base and consistent operational activity, with revenue reaching a high of $6,529,021 in 2021.

What is the foundation's approach to executive compensation?

The Wellmed Charitable Foundation's approach to executive compensation is highly conservative, reporting 0% officer compensation in all available filings. This means that no funds are allocated from the organization's budget to pay salaries or benefits to its officers, which is a strong indicator of financial efficiency and a commitment to its mission.

Filing History

IRS 990 filing history for Wellmed Charitable Foundation showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), Wellmed Charitable Foundation's revenue has grown by 231.1%, moving from $1.2M to $3.8M. Total assets increased by 601% over the same period, from $594K to $4.2M. Total functional expenses rose by 211.7%, from $1.3M to $4.0M. In its most recent filing year (2023), Wellmed Charitable Foundation reported a deficit of $122K, with expenses exceeding revenue. The organization holds $735K in liabilities against $4.2M in assets (debt-to-asset ratio: 17.6%), resulting in net assets of $3.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.8M	$4.0M	$4.2M	$735K	—	—
2022	$4.7M	$5.0M	$5.2M	$1.6M	—	View 990
2021	$6.5M	$6.6M	$5.3M	$1.5M	—	View 990
2020	$6.4M	$6.2M	$5.2M	$1.4M	—	View 990
2019	$6.3M	$4.9M	$6.0M	$2.4M	—	View 990
2018	$4.4M	$4.2M	$3.3M	$1.1M	—	View 990
2017	$3.0M	$3.4M	$2.6M	$528K	—	View 990
2016	$3.2M	$2.3M	$2.9M	$439K	—	View 990
2014	$2.2M	$1.9M	$1.9M	$721K	—	View 990
2013	$1.5M	$1.2M	$1.5M	$584K	—	View 990
2012	$1.5M	$1.3M	$1.3M	$624K	—	View 990
2011	$1.2M	$1.3M	$594K	$209K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.8M, expenses of $4.0M, and assets of $4.2M (revenue -19.1% year-over-year).
2022: Revenue of $4.7M, expenses of $5.0M, and assets of $5.2M (revenue -27.3% year-over-year).
2021: Revenue of $6.5M, expenses of $6.6M, and assets of $5.3M (revenue +1.6% year-over-year).
2020: Revenue of $6.4M, expenses of $6.2M, and assets of $5.2M (revenue +1.5% year-over-year).
2019: Revenue of $6.3M, expenses of $4.9M, and assets of $6.0M (revenue +45.5% year-over-year).
2018: Revenue of $4.4M, expenses of $4.2M, and assets of $3.3M (revenue +45.2% year-over-year).
2017: Revenue of $3.0M, expenses of $3.4M, and assets of $2.6M (revenue -5.3% year-over-year).
2016: Revenue of $3.2M, expenses of $2.3M, and assets of $2.9M (revenue +43.2% year-over-year).
2014: Revenue of $2.2M, expenses of $1.9M, and assets of $1.9M (revenue +47.1% year-over-year).
2013: Revenue of $1.5M, expenses of $1.2M, and assets of $1.5M (revenue -1.2% year-over-year).
2012: Revenue of $1.5M, expenses of $1.3M, and assets of $1.3M (revenue +31.4% year-over-year).
2011: Revenue of $1.2M, expenses of $1.3M, and assets of $594K.

Data Sources and Methodology

This transparency report for Wellmed Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.