WATERVILLE CREATES (EIN 010505433) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

SHANNON HAINES

Phone

2078737000

Tax Period

2024-01-01 to 2024-12-31

WATERVILLE CREATES, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $5.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

ARTS EXPERIENCES FOR ALL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,568,611

Program Service Revenue $1,480,282

Investment Income $17,416

Other Revenue $329,618

TOTAL REVENUE $4,395,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,251,096

Fundraising Expenses $154,272

Program Expenses $3,862,411

Other Expenses $2,701,052

TOTAL EXPENSES $4,952,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,395,927	$4,028,178	+0.1%
Expenses	$4,952,148	$4,447,215	+0.1%
Net Income	$-556,221	$-419,037	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

200

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$331,629

Total Directors

$215,961

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM LALIBERTY	CHAIR	6.00	Officer Director	$0	$0	$0
AMANDA COOLEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KELLY HUGGINS	TREASURER	2.00	Officer Director	$0	$0	$0
LORI ROMING	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHELLE CASAVANT	DIRECTOR	1.00	Director	$0	$0	$0
DONALD CRAGEN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DALTON	DIRECTOR	1.00	Director	$0	$0	$0
TERESA MCKINNEY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PORTER	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA SUSI	DIRECTOR	1.00	Director	$6,500	$0	$6,500
SHANNON HAINES	PRESIDENT &	40.00	Officer Director	$195,833	$13,628	$209,461
PATRICIA KING	VICE PRESIDE	40.00	Officer	$109,657	$12,511	$122,168

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,395,927	$4,952,148	$5,195,806	$-556,221
2023	$4,028,178	$4,447,215	$5,948,550	$-419,037
2022	$2,705,716	$4,525,283	$6,926,236	$-1,819,567
2021	$3,294,325	$2,084,528	$6,458,613	$1,209,797
2020	$1,652,490	$1,653,154	$5,272,264	$-664
2019	$3,495,307	$3,179,851	$5,233,826	$315,456

WATERVILLE CREATES