Welia Health
82% goes to programs $0 to raise $100 Strong reserves Declining revenue
Welia Health is a 501(c)(3) organization based in Mora, Minnesota, registered in 2021, with $138,230,370 in FY2024 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
301 Highway 65 S, Mora, MN, 55051 EIN 84-5163224 Since 2021
Revenue (FY2024)
$138.2M
▲ 10.4% vs prior year
Health median: $840K
Expenses (FY2024)
$128.1M
Net assets
$133.4M
Employees
735
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating82% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Welia Health: 82% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Welia Health: 13 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Welia Health: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Welia Health: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To support and improve the health of the communities we serve.
Contact & location
- Address
- 301 Highway 65 S, Mora, MN, 55051
- City
- Mora
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $249.2M (FY2021) to $138.2M (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $67.7MNet assets $133.4M
Operating margin
7.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$201.1M
Total liabilities
$67.7M
Net assets
$133.4M
Salaries & benefits
$63.6M
50% of expenses
Board members
9
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $138,230,370▲10.4% | $128,056,113▲8.4% | $133,443,131▲8.9% | $201,142,699▲4.3% | 990 |
| 2023 | $125,214,425▲2.0% | $118,157,195▲7.3% | $122,510,616▲11.0% | $192,789,719▲5.3% | 990 |
| 2022 | $122,712,130▼50.8% | $110,088,086▼24.2% | $110,372,644▲6.5% | $183,068,147▼2.0% | 990 |
| 2021 | $249,214,411 | $145,144,774 | $103,627,798 | $186,758,390 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Randy Ulseth — $692,871 (0.54% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Randy Ulseth | Ceo | 40 | $692,871 |
| Thomas Mullin | Sports Medicine Physician | 40 | $637,222 |
| Albert Youn | General Surgeon | 40 | $595,917 |
| Huy Nguyen | General Surgeon | 40 | $503,398 |
| Matthew Schultz | Physician | 40 | $427,398 |
| Jack Schwinghamer | Director & Physician | 40 | $386,770 |
| Brian Geller | Hematology/oncology Physician | 40 | $366,598 |
| Joshua Asp | Cfo | 40 | $328,106 |
| Ryan Kroschel | Director & Physician | 40 | $319,158 |
| Kim Smith | Chair | 2 | $5,688 |
| Carl Pederson | Director | 1 | $500 |
| Teresa Teri Heggernes | Vice Chair | 1 | $500 |
| Becci Steffen | Secretary/treasurer | 1 | — |
| Beth Brandt | Director | 1 | — |
| Steve Schwarzbauer | Director | 1 | — |
| Wendy Caswell | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Central Minnesota Diagnostic Inc | Contracted Imaging Services | $2,695,073 |
| St Cloud Orthopedics | Contracted Staffing | $821,541 |
| Apps Associates LLC | Software Implementation Services | $694,270 |
| Tegria Services Group Us Inc | It Services | $563,924 |
| Amn Healthcare Allied Inc | Contracted Staffing | $548,737 |
Grants made · $89.6M in FY2021
1 grant totaling $89.6M in FY2021. All grants made by Welia Health →
| Recipient | Purpose | Amount |
|---|---|---|
| Kanabec County | Transfer of liabilities upon conversation | $89,583,675 |
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Compare Welia Health
Frequently asked questions
- Is Welia Health a legitimate nonprofit?
- Yes. Welia Health is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-5163224, based in Mora, Minnesota. Donations are tax-deductible.
- What is Welia Health's EIN?
- Welia Health's Employer Identification Number (EIN) is 84-5163224.
- How much revenue does Welia Health report?
- Welia Health reported $138,230,370 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Welia Health's spending goes to programs?
- Welia Health spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Welia Health have?
- CharityIndex grades Welia Health A, based on program efficiency and fundraising cost.
- How much does Welia Health's highest-paid employee make?
- The highest reported compensation on Welia Health's latest Form 990 is $692,871, paid to Randy Ulseth (Ceo).
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Data for Welia Health (EIN 84-5163224) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.