TO SUPPORT AND IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$201.1M
+4.3% YoY
Revenue
$138.2M
+10.4% YoY
Net Investment Income
$7.0M
+189.6% YoY
Expenses
$128.1M
+8.4% YoY
About Welia Health
Based on IRS filings
Welia Health is a nonprofit organization 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
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $201,142,699 | $192,789,719 | $183,068,147 |
| Revenue | $138,230,370 | $125,214,425 | $122,712,130 |
| Expenses | $128,056,113 | $118,157,195 | $110,088,086 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $6,956,111 | $2,401,735 | $631,362 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Open Grants
3 open opportunities from Welia Health
Welia Health Scholarship
WELIA HEALTH
Amount
$2,000 per year
Deadline
March 27, 2027
Welia Health Volunteer – Gift Shop Scholarship
WELIA HEALTH
Amount
$2,000
Deadline
March 27, 2027
Welia Health Volunteer Scholarship
WELIA HEALTH
Amount
$2,000
Deadline
March 27, 2027
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | 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 |
| TERESA TERI HEGGERNES | VICE CHAIR | 1 | $500 |
| CARL PEDERSON | DIRECTOR | 1 | $500 |
| BECCI STEFFEN | SECRETARY/TREASURER | 1 | — |
| BETH BRANDT | DIRECTOR | 1 | — |
| WENDY CASWELL | DIRECTOR | 1 | — |
| STEVE SCHWARZBAUER | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Assets
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Assets
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Minnesota Citizens Concerned
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Assets
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Clearway Minnesota (sm)
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Assets
—
Grants
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Welia Health on Grantable?
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