What is Welia Health's total revenue?

Welia Health reported total revenue of $125.2M for tax year 2023 on its IRS Form 990, against $118.2M in total expenses and $-1.4M in net income.

What are Welia Health's total assets?

Welia Health reported total assets of $192.8M and net assets of $122.5M on its FY2023 IRS Form 990.

Where can I find Welia Health's IRS Form 990?

Welia Health files IRS Form 990 annually under EIN 84-5163224. The financial summary, executive compensation, and community benefit data are shown on this page; the original filing is also available directly from the IRS.

IRS Form 990 · EIN 84-5163224

Welia Health

Mora, MN 55051-0000 · Tax year 2023

NTEE E21Original filing PDF →

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$125.2M

Total revenue

$118.2M

Total expenses

$-1.4M

Net income

-1.1%

Operating margin

Financial summary

Total revenue: $125.2M
Contributions + grants: $290K
Program service revenue: $120.8M
Total expenses: $118.2M
Program expenses: —
Administrative expenses: —
Fundraising expenses: —
Net income: $-1.4M
Total assets: $192.8M
Total liabilities: $70.3M
Net assets: $122.5M

Peer comparison

Compared to 32 organizations with NTEE E21 in MN

Avg revenue (peers)

$1.22B

This org:$125.2M

Avg net income (peers)

$14.3M

This org:$-1.4M

Avg top exec comp (peers)

$1.1M

This org (highest):$925K

Executive compensation (FY2023)

14 officers + key employees reported on Schedule J

Name	Title	Hours/wk	Base comp	Total comp
RANDY ULSETH	CEO	40	$520K	$925K
THOMAS MULLIN	SPORTS MEDICINE PHYSICIAN	40	$628K	$681K
BRADLEY QUALEY	UROLOGIST	40	$498K	$544K
ALBERT YOUN	GENERAL SURGEON	40	$414K	$471K
ROBERT WEEKS	EMERGENCY MEDICINE PHYSICIAN	40	$411K	$469K
MATTHEW SCHULTZ	PHYSICIAN	40	$403K	$460K
JACK SCHWINGHAMER	BOARD MEMBER & PHYSICIAN	40	$385K	$446K
RYAN KROSCHEL	BOARD MEMBER & PHYSICIAN	40	$291K	$307K
JOSHUA ASP	CFO	40	$226K	$291K
KIM SMITH	CHAIR	2	$5K	$5K
TERESA TERI HEGGERNES	VICE CHAIR	1	$1K	$1K
BECCI STEFFEN	SECRETARY/TREASURER	1	$1K	$1K
CARL PEDERSON	BOARD MEMBER	1	$730	$730
WENDY CASWELL	BOARD MEMBER	1	—	—

4-year history

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2024	—	—	—	—
2023	$125.2M	$118.2M	$-1.4M	$192.8M
2022	$122.7M	$110.1M	$-1.5M	$183.1M
2021	$249.2M	$145.1M	$-58K	$186.8M

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