Wellspire LLC
Public records show a registered, tax-exempt organization in good standing.
What it says it does
GUIDED BY CHRISTIAN COMPASSION, WELLSPIRE SUPPORTS THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS WHEREVER THEY CALL HOME.
- Income
- $31.6 million
- Spending
- $32.4 million
- Spent on programs
- 84%
- Reserves
- -23.1 months of spending
- Largest source of income
- fees for its services, 96%
- Employees
- 665
- Volunteers
- 0
- Highest pay
- $960,534, director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 40 out of 100.
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
2 of 20It owes 88% of what it owns.
Living within its means
8 of 15Spending exceeded income by 3% of income.
Income trend
15 of 15Income rose 12% on the year before.
Spending floor
15 of 1584% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100.
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $27.1 million spent. THE PARTNERSHIP OF WESLEYLIFE AND GENESIS HEALTH SYSTEM, BOTH NON-PROFIT ORGANIZATIONS AND MARKET LEADERS, STRENGTHENS A COMMON MISSION TO PAVE THE WAY FOR OLDER ADULTS IN THE QUAD CITIES OF IOWA AND ILLINOIS TO LEAD HEALTHY, FULFILLING LIVES THAT FOCUS ON HEALTH AND WELL-BEING. THE NAME "WELLSPIRE" WAS DERIVED FROM THE COMBINATION OF "WELL AND "INSPIRE, AND THE SELECTION OF THE TWO WORDS WAS DELIBERATE IN TERMS OF THE GOALS OF THE ORGANIZATION, FORMED IN 2019.WESLEYLIFE BROUGHT THREE-QUARTERS OF A CENTURY OF EXPERTISE SERVING OLDER ADULTS TO GENESIS HEALTH SYSTEM'S EXISTING SENIOR LIVING PORTFOLIO, CREATING AN OPPORTUNITY FOR THE JOINED ORGANIZATIONS TO SERVE OLDER-ADULT MARKETS IN BOTH STATES THROUGH A COMPREHENSIVE HEALTH AND WELL-BEING NETWORK. SINCE THE PARTNERSHIP'S INCEPTION, WELLSPIRE HAS:- DEVELOPED THE SUMMIT OF BETTENDORF, THE MARKET'S LARGEST CONTINUING-CARE COMMUNITY - REDEVELOPED WESTWING PLACE IN DEWITT, IOWA, AS FIELDSTONE OF DEWITT, A CAMPUS OFFERING VARIOUS LEVELS OF LIVING INCLUDING, FOR THE FIRST TIME LOCALLY, CCDI MEMORY CARE- BROUGHT THE CONCEPT OF PERSON-DIRECTED LIVING TO ALL OTHER COMMUNITIES FORMERLY UNDER THE AUSPICES OF GENESIS HEALTH SYSTEM, INCLUDING ILLINI RESTORATIVE CARE IN SILVIS, ILLINOIS WELLSPIRE COMMUNITIES OFFER THE FOLLOWING LEVELS OF LIVING:- LONG-TERM HEALTHCARE: COMPASSIONATE, ENRICHING 24/7 CARE FOR INDIVIDUALS WITH ACUTE AS WELL AS CHRONIC HEALTH CONDITIONS- MEMORY CARE, INCLUDING CCDI CARE: THE ONLY CCDI MEMORY-CARE OFFERING IN THE CLINTON COUNTY MARKET, AND ONE OF THE FEW IN SCOTT COUNTY- SHORT-TERM REHABILITATION: REHABILITATIVE CARE FOR INDIVIDUALS IN THE GREATER COMMUNITY AS WELL AS ON OUR CAMPUSES. INCLUDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY. - SHELTERED CARE: CARE FOR INDIVIDUALS WHO NEED ASSISTANCE NOT COMMENSURATE WITH SKILLED CARE, BUT ARE NOT ABLE TO LIVE ENTIRELY INDEPENDENTLY- ASSISTED LIVING: CARE AND SERVICES FOR PEOPLE WHO WISH TO LIVE AS INDEPENDENTLY AS POSSIBLE, WITH ASSISTANCE AS NEEDED AND DESIRED- INDEPENDENT LIVING: INTENDED FOR RESIDENTS WHO DESIRE AND ARE ABLE TO LIVE FULLY INDEPENDENTLY, INDEPENDENT LIVING OFFERS AN ATTRACTIVE, SAFE LIVING ENVIRONMENT FREE FROM THE MAINTENANCE REQUIREMENTS OF HOMEOWNERSHIP, WITH PLENTIFUL SOCIAL AMENITIES DESIGNED TO ENHANCE CONNECTIONS AND PREVENT ISOLATIONCOLLECTIVELY, OUR COMMUNITIES OFFER 180 HEALTH-CENTER BEDS THAT ARE DUALLY LICENSED FOR MEDICARE AND MEDICAID. THIRTY TO 35 PERCENT OF THE BEDS ARE UTILIZED FOR LONG-TERM HEALTHCARE WITH MEDICAID AS THE PRIMARY PAYER SOURCE, WITH AN ADDITIONAL 40 MEDICARE/MANAGED CARE BEDS FOR SHORT-TERM REHABILITATION. OUR LEVEL-OF-LIVING BREAKDOWN BY COMMUNITY IS:- SUMMIT: 105 IL, 16 ALMC, 17 AL, 40 LONG-TERM CARE - FIELDSTONE: 21 AL, 16 CCDI, 54 DUALLY LICENSED LONG-TERM CARE/SHORT-TERM REHABILITATION- ILLINI RESTORATIVE CARE: CURRENTLY AT 102 LICENSED BEDS AND 18 SHELTERED CARE. WELLSPIRE LLC SOLD THE ILLINI RESTORATIVE CARE ON 12/1/2024 SO SERVICES ENDED ON 12/1/2024 FOR THAT FACILITY. OUR COMMUNITIES BENEFIT THE GREATER COMMUNITIES IN WHICH THEY ARE LOCATED IN THE FOLLOWING WAYS:- OFFER SPACE FOR CIVIC, CHURCH, AND PHILANTHROPIC GROUPS, SUCH AS KNIGHTS OF COLUMBUS, BOARDS OF DIRECTORS OF LOCAL BUSINESSES, THE RED HAT SOCIETY, AUDUBON SOCIETY, BOOK CLUBS, BIBLE/RELIGIOUS-STUDY GROUPS, AND GARDEN CLUBS- PROVIDE SOCIAL ACTIVITIES TO WHICH MEMBERS OF THE GREATER COMMUNITY ARE INVITED AND INCLUDED, SUCH AS NEIGHBORHOOD HALLOWEEN/TRICK-OR-TREAT PARTIES, CHRISTMAS/HOLIDAY GATHERINGS, CONCERTS, ART EXHIBITS, FARMERS' MARKETS, GATHERINGS TO CELEBRATE LOCAL EVENTS, HUMANE SOCIETY ADOPTION EVENTS, DIETARY/NUTRITION EDUCATIONAL EVENTS, REAL-ESTATE EDUCATION EVENTS, AND MORE.- PROVIDE SAFE SPACES TO ENHANCE PHYSICAL WELL-BEING, SUCH AS FITNESS CENTERS, OUTDOOR WALKING TRAILS, ETC. OUR WELLAHEAD PROGRAM WELCOMES NON-RESIDENTS TO OUR FITNESS PAVILIONS WITH THE HOPE OF HELPING THEM LIVE HEALTHIER LIVES. - PROVIDE SUPPORT GROUPS FOR CHALLENGES SUCH AS ALZHEIMER'S AND PARKINSON'S DISEASES OPEN TO RESIDENTS / CAREGIVERS IN THE GREATER COMMUNITY AS WELL AS ON OUR CAMPUSES- CLIENTS AND PARTICIPANTS OF WELLSPIRE LLC SERVICES RECEIVED 1,529,682 IN CHARITABLE ASSISTANCE TO SUPPORT THEIR HEALTH AND WELL BEING THROUGH SERVICES PROVIDED BY WELLSPIRE.ABOUT WESLEYLIFEWESLEYLIFE HAS SERVED THE OLDER-ADULT MARKET FOR MORE THAN 76 YEARS, OWNING AND OPERATING 12 COMMUNITIES FOR PEOPLE 55 AND OLDER AND CREATING EXPERIENCES FOR THOUSANDS OF ADDITIONAL OLDER ADULTS THROUGH A ROBUST NETWORK OF HOME AND COMMUNITY-BASED OFFERINGS. THE ORGANIZATION, HEADQUARTERED IN JOHNSTON, IOWA, ALSO PROVIDES HOME HEALTH CARE AND SERVICES, ADULT DAY SERVICES, NUTRITION, AND HOSPICE CARE. THE ORGANIZATION ALSO OFFERS PUBLIC HEALTH NURSING AND SUPPORT SERVICES TO INDIVIDUALS WHO LIVE IN THEIR OWN HOMES AND ARE UNDERINSURED OR UNINSURED. ABOUT GENESIS HEALTH SYSTEMTHE DAVENPORT, IOWA-BASED GENESIS HEALTH SYSTEM SERVES A 17-COUNTY, BI-STATE REGION OF THE QUAD CITIES METROPOLITAN AREA AND THE SURROUNDING COMMUNITIES OF IOWA AND ILLINOIS. ALONG WITH ITS AFFILIATES, THE ORGANIZATION OFFERS A FULL CONTINUUM OF CARE, INCLUDING PREVENTIVE, PRIMARY, ACUTE AND TERTIARY HOSPITAL CARE; HOME HEALTH AND SENIOR LIVING; HOSPICE CARE; AND REHABILITATION.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
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