L โ€” Housing & ShelterEIN: 611020382ยท Ruling Year: 1983

Welcome House Of Northern Kentucky Inc

Covington, Kentucky

B+Health Score
65B+

Financial Health Score

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

Good

๐Ÿ’ฐ
$6.4M
Total Revenue
๐Ÿ“Š
$6.5M
Total Expenses
๐Ÿฆ
$12.8M
Net Assets
๐Ÿ“‹
$1.0M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-2.7%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-0.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.97
Net assets divided by total expenses
Liabilities-to-Assets
7.5%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$6,415,457โ†“3%$6,473,824โ†“14%$13,814,937โ†‘4%
2022$6,591,280โ†“12%$7,537,034โ†‘33%$13,267,086โ†“13%
2021$7,502,919โ†“4%$5,664,380โ†‘56%$15,337,370โ†‘13%
2020$7,803,631โ†‘86%$3,619,945โ†‘35%$13,544,633โ†‘55%
2019$4,189,162โ†‘19%$2,690,620โ†“8%$8,735,826โ†‘28%
2018$3,513,722โ†‘60%$2,913,721โ†‘17%$6,830,495โ†‘5%
2017$2,197,832โ†“4%$2,498,071โ†‘13%$6,515,527โ†“1%
2016$2,297,809โ†‘23%$2,217,278โ†‘1%$6,557,709โ†‘2%
2015$1,869,425โ†‘3%$2,194,256โ†‘9%$6,450,304โ†“6%
2014$1,816,270โ†“1%$2,022,223โ†“9%$6,859,286โ†“4%
2013$1,837,289โ†“11%$2,224,159โ†‘4%$7,141,834
2012$2,052,918โ†“19%$2,147,209โ†“5%$7,148,717โ†‘8%
2011$2,542,849$2,263,422$6,627,140

Frequently Asked Questions

What does Welcome House Of Northern Kentucky Inc do?โ–ผ

Welcome House Of Northern Kentucky Inc is a housing & shelter nonprofit organization based in Kentucky. It is classified under NTEE code L41 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Welcome House Of Northern Kentucky Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Welcome House Of Northern Kentucky Inc has a score of 65/100 (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 Welcome House Of Northern Kentucky Inc generate?โ–ผ

Welcome House Of Northern Kentucky Inc reports $8.7M in annual revenue and holds $15.7M in total assets, based on IRS filings.

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Welcome House Of Northern Kentucky Inc โ€” Covington, KY | GiveScope