Wellmed Charitable Foundation

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Wellmed Charitable Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Wellmed Charitable Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Wellmed Charitable Foundation in one place.

Is Wellmed Charitable Foundation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Wellmed Charitable Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Wellmed Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Wellmed Charitable Foundation is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Wellmed Charitable Foundation reported a deficit of $122K with expenses exceeding revenue, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 17.6% (very low leverage).

Financial Trends

Over 12 years of filings (2011–2023), Wellmed Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $122K, with expenses exceeding revenue.
• Debt-to-asset ratio: 17.6%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Wellmed Charitable Foundation:

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.