Wells Mountain Initiative Inc
Wells Mountain Initiative Inc shows volatile revenue but consistent zero officer compensation and stable assets.
EIN: 203823604 · Bristol, VT · NTEE: Q99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.1M |
| Transparency Score | 85/100 |
Is Wells Mountain Initiative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wells Mountain Initiative Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wells Mountain Initiative Inc
Wells Mountain Initiative Inc (EIN: 203823604) is a nonprofit organization based in Bristol, VT, classified under NTEE code Q99. The organization reported total revenue of $2.1M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wells Mountain Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wells Mountain Initiative Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $959K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-228,179 |
| Total Assets | $2.1M |
| Total Liabilities | $25K |
| Net Assets | $2.1M |
| Operating Margin | -23.8% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 21.3 months |
Financial Health Grade: B
In 2023, Wells Mountain Initiative Inc reported a deficit of $228K with expenses exceeding revenue, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wells Mountain Initiative Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1038.8% | +17.7% | -1.9% |
| 2022 | -84.4% | +18.7% | -30.1% |
| 2021 | -79.3% | +0.3% | -10.1% |
| 2020 | +241.8% | +29.1% | +112.6% |
| 2019 | +14.3% | -8.8% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Wells Mountain Initiative Inc with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Wells Mountain Initiative Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $228K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through non-officer roles, which is highly efficient for an organization of its size with over $2 million in assets.
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.
Red Flags
The following concerns were identified during AI analysis of Wells Mountain Initiative Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, making financial planning challenging.
- Expenses exceeding revenue in recent years (2022, 2023), indicating reliance on reserves.
Strengths
The following positive indicators were identified for Wells Mountain Initiative Inc:
- Consistent 0% officer compensation, maximizing funds for programs.
- Low liabilities across all reported periods, indicating strong financial management.
- Maintained a stable asset base of over $2 million in recent years despite operational deficits.
- Strong program focus implied by compensation structure and NTEE code Q99 (International, Foreign Affairs, National Security).
Frequently Asked Questions about Wells Mountain Initiative Inc
Is Wells Mountain Initiative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wells Mountain Initiative Inc (EIN: 203823604) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Wells Mountain Initiative Inc spend its money?
Wells Mountain Initiative Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wells Mountain Initiative Inc tax-deductible?
Wells Mountain Initiative Inc is registered as a tax-exempt nonprofit (EIN: 203823604). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wells Mountain Initiative Inc CEO make?
Wells Mountain Initiative Inc's highest-compensated officer earns $2 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wells Mountain Initiative Inc's spending goes to programs?
Wells Mountain Initiative Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wells Mountain Initiative Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wells Mountain Initiative Inc is above average for NTEE category Q99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wells Mountain Initiative Inc located?
Wells Mountain Initiative Inc is headquartered in Bristol, Vermont and files with the IRS under EIN 203823604. It is classified under NTEE code Q99.
How many years of IRS 990 filings does Wells Mountain Initiative Inc have?
Wells Mountain Initiative Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.1M in total revenue.
Is Wells Mountain Initiative Inc a good charity?
Based on the available data, Wells Mountain Initiative Inc appears to be a good charity, particularly due to its consistent 0% officer compensation, indicating a strong commitment to directing funds to its mission. While revenue can be volatile, its asset base remains stable, and liabilities are low.
How does Wells Mountain Initiative Inc fund its operations given the revenue fluctuations?
The organization appears to rely on a combination of significant fundraising years (e.g., $2.6M in 2020) and drawing down on its accumulated assets to cover expenses in years with lower revenue (e.g., 2022 and 2023).
What is the trend in Wells Mountain Initiative Inc's financial health?
The trend shows significant year-to-year volatility in revenue and expenses. While assets have generally been maintained or grown over the long term, recent years (2022, 2023) show expenses exceeding revenue, suggesting reliance on prior surpluses or asset liquidation.
Filing History
IRS 990 filing history for Wells Mountain Initiative Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wells Mountain Initiative Inc's revenue has grown by 726.5%, moving from $116K to $959K. Total assets increased by 4945.9% over the same period, from $42K to $2.1M. Total functional expenses rose by 920.9%, from $116K to $1.2M. In its most recent filing year (2023), Wells Mountain Initiative Inc reported a deficit of $228K, with expenses exceeding revenue. The organization holds $25K in liabilities against $2.1M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $959K | $1.2M | $2.1M | $25K | — | — |
| 2022 | $84K | $1.0M | $2.1M | $2K | — | View 990 |
| 2021 | $541K | $849K | $3.1M | $1K | — | View 990 |
| 2020 | $2.6M | $847K | $3.4M | $38K | — | View 990 |
| 2019 | $766K | $656K | $1.6M | $1K | — | View 990 |
| 2018 | $670K | $719K | $1.5M | $8K | — | View 990 |
| 2017 | $1.5M | $498K | $1.5M | $1K | — | View 990 |
| 2016 | $312K | $290K | $557K | $1K | — | View 990 |
| 2015 | $193K | $234K | $536K | $1K | — | View 990 |
| 2014 | $678K | $163K | $577K | $1K | — | View 990 |
| 2013 | $149K | $129K | $62K | $1K | — | View 990 |
| 2012 | $140K | $139K | $43K | $1K | — | View 990 |
| 2011 | $116K | $116K | $42K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $959K, expenses of $1.2M, and assets of $2.1M (revenue +1038.8% year-over-year).
- 2022: Revenue of $84K, expenses of $1.0M, and assets of $2.1M (revenue -84.4% year-over-year).
- 2021: Revenue of $541K, expenses of $849K, and assets of $3.1M (revenue -79.3% year-over-year).
- 2020: Revenue of $2.6M, expenses of $847K, and assets of $3.4M (revenue +241.8% year-over-year).
- 2019: Revenue of $766K, expenses of $656K, and assets of $1.6M (revenue +14.3% year-over-year).
- 2018: Revenue of $670K, expenses of $719K, and assets of $1.5M (revenue -54.6% year-over-year).
- 2017: Revenue of $1.5M, expenses of $498K, and assets of $1.5M (revenue +372.3% year-over-year).
- 2016: Revenue of $312K, expenses of $290K, and assets of $557K (revenue +62.1% year-over-year).
- 2015: Revenue of $193K, expenses of $234K, and assets of $536K (revenue -71.6% year-over-year).
- 2014: Revenue of $678K, expenses of $163K, and assets of $577K (revenue +354.7% year-over-year).
- 2013: Revenue of $149K, expenses of $129K, and assets of $62K (revenue +6.4% year-over-year).
- 2012: Revenue of $140K, expenses of $139K, and assets of $43K (revenue +20.8% year-over-year).
- 2011: Revenue of $116K, expenses of $116K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wells Mountain Initiative Inc:
Data Sources and Methodology
This transparency report for Wells Mountain Initiative Inc 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.