F — Mental Health & Crisis InterventionEIN: 222632367· Ruling Year: 1985

Wellspring Inc

Bangor, Maine

BHealth Score
56B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

💰
$6.1M
Total Revenue
📊
$6.2M
Total Expenses
🏦
$352K
Net Assets
📋
$1.5M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+19.5%
Year-over-year change (2022 → 2023)
Net Margin
-2.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.06
Net assets divided by total expenses
Liabilities-to-Assets
81.3%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$6,076,512↑20%$6,222,406↑26%$1,884,396↑30%
2022$5,083,421↑15%$4,948,326↑18%$1,447,047↑39%
2021$4,434,002↑8%$4,195,758↑1%$1,038,219↑3%
2020$4,097,471↑6%$4,154,414↑6%$1,005,261↑23%
2019$3,881,779↑18%$3,911,536↑21%$818,553↑11%
2018$3,290,436↑62%$3,239,147↑61%$737,396
2017$2,031,592↑19%$2,009,219↑24%$741,020↑100%
2016$1,709,574↑8%$1,626,742↑3%$370,892↑10%
2015$1,580,169↓13%$1,575,884↓10%$336,505↑4%
2014$1,825,203↑6%$1,750,383↑1%$324,474↑9%
2013$1,720,493↓3%$1,726,759↓2%$298,364↓11%
2012$1,780,492$1,758,446$335,173

Frequently Asked Questions

What does Wellspring Inc do?▼

Wellspring Inc is a mental health & crisis intervention nonprofit organization based in Maine. It is classified under NTEE code F22Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Wellspring Inc financially healthy?▼

Based on our 9-metric Financial Health Score model, Wellspring Inc has a score of 56/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Wellspring Inc generate?▼

Wellspring Inc reports $5.9M in annual revenue and holds $2.2M in total assets, based on IRS filings.

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