WELL-SPRING RETIREMENT COMMUNITY INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$42,978,331
Program Services
90%
Investments
5%
Other
4%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$41,407,976
Salaries & Benefits
50%
Depreciation
18%
Other
14%
Offices, Occupancy & IT
7%
Fees to Service Providers
6%
Interest
3%
Grants
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$609,196
$73,628
-88%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$36,937,797
$38,873,041
+5%
Membership Dues
$0
$0
-
Investments
$1,489,246
$2,159,621
+45%
Other
$889,855
$1,872,041
+110%
Total Revenues
$39,926,094
$42,978,331
+8%
Expenses
2023
2024
Change
Grants
$1,729,878
$973,627
-44%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,145,525
$20,828,795
+9%
Fees to Service Providers
$3,559,485
$2,432,218
-32%
Advertising & Promotion
$239,500
$232,480
-3%
Offices, Occupancy & IT
$2,050,550
$2,758,270
+35%
Interest
$1,277,483
$1,240,517
-3%
Depreciation
$7,417,621
$7,329,520
-1%
Other
$5,691,351
$5,612,549
-1%
Total Expenses
$41,111,393
$41,407,976
+1%
Net income
2023
2024
Change
Net income
-$1,185,299
+$1,570,355
-232%
Functional Expenses
Summary
2023
2024
Change
Program
$37,726,435
$37,700,076
0%
Admin
$3,315,236
$3,627,125
+9%
Fundraising
$69,722
$80,775
+16%
Total Expenses
$41,111,393
$41,407,976
+1%
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