SHEARWATER ASSOCIATIONINC (EIN 042775602) - 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

1982

Legal Domicile

Principal Officer

DENISE MULLEN

Phone

5082552240

Tax Period

2024-05-01 to 2025-04-30

SHEARWATER ASSOCIATIONINC, founded in 1982, is a micro nonprofit that reported $54K in total revenue in fiscal year 2024. The organization ran a surplus of $15K, a strong 27% operating margin.

Mission

SOCIAL ENDEAVORS/HOMEOWNERS ASSOCIATION

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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 $0

Program Service Revenue $54,267

Investment Income $0

Other Revenue $0

TOTAL REVENUE $54,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,777

Other Expenses $39,661

TOTAL EXPENSES $39,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,267	$53,321	+0.0%
Expenses	$39,661	$36,940	+0.1%
Net Income	$14,606	$16,381	-0.1%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE MULLEN	PRESIDENT	10.00	Officer	$0	$0	$0
JOSEPH MAZZELLA	VICE PRESIDENT	2.00	Officer	$0	$0	$0
EDWARD FRECHETTE	TREASURER	10.00	Officer	$0	$0	$0
WENDY WALKER	SECRETARY	2.00	Officer	$0	$0	$0
WILLIAM JELINEK	DIRECTOR	2.00	Director	$0	$0	$0
WENDY LURIE	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN SENDLENSKI	DIRECTOR	2.00	Director	$0	$0	$0
STEWART GROSSMAN	DIRECTOR	2.00	Director	$0	$0	$0
GARROW THROOP	DIRECTOR	2.00	Director	$0	$0	$0
FRED GAECHTER	DIRECTOR	2.00	Director	$0	$0	$0

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
2025	$54,267	$39,661	$199,857	$14,606
2024	$53,321	$36,940	$185,251	$16,381
2023	$59,458	$42,161	$168,870	$17,297
2022	$99,722	$32,889	$151,573	$66,833
2021	$55,150	$30,269	$84,740	$24,881
2020	$51,485	$75,705	$59,859	$-24,220
2019	$43,055	$52,277	$102,866	$-9,222

SHEARWATER ASSOCIATIONINC