Welia Health
To support and improve the health of the communities we serve.
Welia Health at a glance
- Total assets
- $201,142,699
- +4.3% vs 2023
- Revenue (2024)
- $138,230,370
- +10.4% vs 2023
- Net investment income (2024)
- $6,956,111
- +189.6% vs 2023
- Expenses (2024)
- $128,056,113
- +8.4% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Welia Health
- Next open deadline
- March 27, 2027 (Welia Health Scholarship)
Open Grants
3 open opportunities from Welia Health
Welia Health Scholarship
Welia Health
Amount
$2,000 per year
Deadline
Expected ~March
Based on past cycles
Welia Health Volunteer – Gift Shop Scholarship
Welia Health
Amount
$2,000
Deadline
Expected ~March
Based on past cycles
Welia Health Volunteer Scholarship
Welia Health
Amount
$2,000
Deadline
Expected ~March
Based on past cycles
Who Welia Health funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was $5M or more: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 1 grant totaling $89.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kanabec County Mora, MN | Transfer of Liabilities Upon Conversation | $89,583,675 |
Ready to take the next step with Welia Health?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $201,142,699 | $138,230,370 | $128,056,113 | — | — | $6,956,111 |
| 2023 | $192,789,719 | $125,214,425 | $118,157,195 | — | — | $2,401,735 |
| 2022 | $183,068,147 | $122,712,130 | $110,088,086 | — | — | $631,362 |
| 2021 | $186,758,390 | $249,214,411 | $145,144,774 | $89,583,675 | 1 | $1,263,271 |
About Welia Health
Based on IRS filings
Welia Health is a public charity focused on Health, based in Mora, MN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $201.1M in total assets. Net investment income was $7.0M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Welia Health is led by Randy Ulseth, CEO on every filing since 2021; 12 of 16 officers listed in 2024 are compensated.
Officers on the 2024 filing
Randy Ulseth
CEO
On filings since 2021
40 hrs/week
$394K (2021) → $693K (2024)
Kim Smith
Chair
On filings since 2021
2 hrs/week
$2K (2021) → $6K (2024)
Carl Pederson
Director
Secretary & Treasurer → Board Member, 2023
Board Member → Director, 2024
On filings since 2021
1 hr/week
$300 (2021) → $500 (2024)
Jack Schwinghamer
Director & Physician
Board Member & Physician → Director & Physician, 2024
On filings since 2021
40 hrs/week
$51K (2021) → $387K (2024)
Ryan Kroschel
Director & Physician
Board Member & Physician → Director & Physician, 2024
On filings since 2023
40 hrs/week
$291K (2023) → $319K (2024)
Wendy Caswell
Director
Board Member → Director, 2024
On filings since 2023
1 hr/week
No compensation reported
Beth Brandt
Director
New on the 2024 filing
1 hr/week
No compensation reported
Steve Schwarzbauer
Director
New on the 2024 filing
1 hr/week
No compensation reported
Becci Steffen
Secretary & Treasurer
Board Member → Secretary & Treasurer, 2023
On filings since 2021
1 hr/week
$900 (2022) → $0 (2024)
Joshua Asp
CFO
On filings since 2021
40 hrs/week
$129K (2021) → $328K (2024)
Teresa Teri Heggernes
Vice Chair
Board Member → Vice Chair, 2023
On filings since 2021
1 hr/week
$900 (2021) → $500 (2024)
Matthew Schultz
Physician
On filings since 2022
40 hrs/week
$417K (2022) → $427K (2024)
Thomas Mullin
Sports Medicine Physician
On filings since 2022
40 hrs/week
$566K (2022) → $637K (2024)
Albert Youn
General Surgeon
On filings since 2023
40 hrs/week
$414K (2023) → $596K (2024)
Brian Geller
Hematology & Oncology Physician
New on the 2024 filing
40 hrs/week
$367K (2024)
Huy Nguyen
General Surgeon
New on the 2024 filing
40 hrs/week
$503K (2024)
Former officers (11)
- Former: Bradley Qualey (2021–2023) — Urologist
- Former: Robert Weeks (2022–2023) — Emergency Medicine Physician
- Former: Amy Anderson (2021–2022) — Vice Chair
- Former: Leslie Les Nielsen (2021–2022) — Board Member
- Former: Peter Donner (2021–2022) — Board Member & Physician
- Former: Joseph Lind (2022) — Physician
- Former: Benjamin Sickler (2021) — Crna
- Former: Kathi Ellis (2021) — Board Member
- Former: Matthew Hamiel (2021) — Crna
- Former: Robert Woods (2021) — Anesthesia Director
- Former: Thomas Nelson (2021) — Surgeon
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $693K, to Randy Ulseth (CEO). 12 officers or directors reported compensation on that filing.
Frequently asked questions about Welia Health
How large is Welia Health?
Welia Health reported $201.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $138.2M.
What is Welia Health?
Welia Health is a public charity focused on Health, based in Mora, MN. It holds $201.1M in total assets as of 2024.
Where does Welia Health operate?
Welia Health has awarded grants in Minnesota.
What is Welia Health's EIN?
Welia Health's EIN (Employer Identification Number) is 84-5163224. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS October 28, 2022)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in Welia Health's focus areas in our free grants database
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Welia Health down — hundreds of funders to go?