Wello INC EIN 85-4126872 Form 990 (PDF) Claim this org

Wello INC

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Builds fair and just community conditions for everyone's health and well-being. For fiscal year 2024 it reported $1.5M in revenue, $1.1M in expenses, and $986K in net assets.Pt I

Founded
2020
Type
Public charity (501(c)(3)) · Health Care
Location
Green Bay, WI
Website
www.wello.org
Filings
4 on file (2021–2024)
Revenue
$1.5MFY2024
Expenses
$1.1M
Net assets
$986K
People
15
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-4126872 Public charity (501(c)(3)) Green Bay, WI Founded 2020
Form 990 (PDF)
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Size
$1–10M
What they do
Builds fair and just community conditions for everyone's health and well-being.
Leadership
Natalie Bombstad · Executive Director · $100K
Money in and out
$1.5M revenue, $1.1M expenses
Bottom line
89% program efficiency
Where the money goes · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$986K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $428K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.09 Fundraising $0.02
Program efficiency
89%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
+28%
revenue over expenses, this year▲ ×21 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ +95%
Expenses
$1.1M
FY2024▲ +39%
Total assets
$1.1M
FY2024▲ +80%
Total liabilities
$82K
FY2024▲ +15%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$986K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$428K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWello INC
EINHdr · item D85-4126872
Principal addressHdr · item CGreen Bay, WI
WebsiteHdr · item Jwww.wello.org
Year of formationHdr · item L2020
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E70)
Ruling yearIRS BMFSep 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$99,972Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A

Natalie Bombstad’s $100K as Executive Director is at the 22nd percentile of top reported officer pay among 3116 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Natalie Bombstad$99,972$96,150$91,750$80,500$38,116

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.0M of program spending, described in the organization's own filed words · FY2024.
01

Farm to School

Brown county farm to school program servicing nine school districts. Major accomplishments include increasing the amount of local food procured to be served in school meals, updating farm to school lessons to include equity components, working through supply chain logistics to get food to schools, farmer biographies to connect local…

$590Kprogram expense
02

Double Your Bucks and Produce Boxes

Provides access to fresh fruits and vegetables to community members who utilize foodshare or ebt. Ensure the infrastructure necessary to process foodshare benefits at the markets, work with local farmers to accept benefits, secure funds to provide the double your bucks component which allows people to get an additional $10 to spend on…

$230Kprogram expense
03

Countywide Measurement

Bi-annual measure of health and well-being across brown county through a survey. Assess the needs of the community and focus on ensuring a demographically representative sample. Work with researchers from uw-green bay and ST. Norbert college along with project partners from brown county united way and brown county public health.

$180Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.5M
— government grantsLn 1e$316K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.09 Fundraising $0.02
Program services89%$1.0M
Management & general9%$97K
Fundraising2%$21K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$252K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$82K
Total net assetsLn 32$986K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $252K · Operating expenses/yr $1.1M
2.7 months
Where the money goes
Program services
Program services $1.0M · Total expenses $1.1M
89%
Management & General
Management & general $97K · Total expenses $1.1M
9%
Fundraising
Fundraising $21K · Total expenses $1.1M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $19K · Solicited contributions (3-yr avg) $774K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $1.5M
100%
Government reliance
Government grants $316K · Total revenue $1.5M
20%
Earned-income share
Program service revenue $0 · Total revenue $1.5M
0%
Investment reliance
Investment income $0 · Total revenue $1.5M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.1M
0%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $792K
+95%
Revenue CAGR
FY2020 $415K · FY2024 $1.5M
+39%
Net-asset trend (YoY)
End of year $986K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.1M
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $986K · Total assets $1.1M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Natalie Bombstad · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $100K · Total expenses $1.1M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $487K · Total expenses $1.1M
43%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 9%
Fundraising cost ratio 1%
Revenue growth 95%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$792K revenue · ⤓ 990 PDF
FY2023$489K revenue · ⤓ 990 PDF
FY2022$360K revenue · ⤓ 990 PDF
FY2021$415K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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