SOUNDWATERS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

LEIGH SHEMITZ

Phone

2033231978

Tax Period

2023-07-01 to 2024-06-30

SOUNDWATERS INC, founded in 1989, is a community nonprofit in the Environment sector that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Net assets of $17.2M represent 59 months of operating reserves.

Mission

OUR GOAL IS A SUSTAINABLE ENVIRONMENT WHERE PEOPLE HAVE A PASSION FOR LONG ISLAND SOUND, STUDENTS SUCCEED, AND OUR COMMUNITY THRIVES. WE ENRICH OUR COMMUNITY AND PROTECT OUR ENVIRONMENT THROUGH CLIMATE SCIENCE TEACHING, JOBS AND SKILLS TRAINING, AND PUBLIC ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $1,898,942 Revenue: $225,409

ENVIRONMENTAL/CLIMATE SCIENCE TEACHING: SOUNDWATERS EDUCATION PROGRAMS COMBINE SCIENCE WITH EXPERIENCE TO CREATE JOYFUL LEARNING THAT SUPPORTS AND AMPLIFIES STUDENTS' CLASSROOM WORK. WE TEACH WITH...

ENVIRONMENTAL/CLIMATE SCIENCE TEACHING: SOUNDWATERS EDUCATION PROGRAMS COMBINE SCIENCE WITH EXPERIENCE TO CREATE JOYFUL LEARNING THAT SUPPORTS AND AMPLIFIES STUDENTS' CLASSROOM WORK. WE TEACH WITH BOOTS IN THE MUD, HANDS ON THE TILLER AND EYES ON THE MICROSCOPE TO CULTIVATE CURIOSITY ALONGSIDE THE SCIENTIFIC METHOD. OUR COASTAL RESILIENCY ACTIVITIES SUPPORT THIS CLIMATE SCIENCE LEARNING. FROM RESTORING A LOCAL SALT MARSH IN THE HARBOR TO GROWING KELP IN THE SOUND, THESE PROJECTS (AND MORE) IMPROVE THE HEALTH OF ENVIRONMENT AND PROVIDE PRACTICAL EXPERIENCE FOR STUDENTS. OUR GOAL IS TO NURTURE THE NEXT GENERATION TO STUDY, ENJOY AND PROTECT OUR ENVIRONMENT.

Program 2

Expenses: $634,037 Revenue: $78,100

JOBS AND SKILLS TRAINING: LONG ISLAND SOUND IS OUR MILLION-ACRE CLASSROOM. WE TEACH JOB SKILLS ("HARBOR CORPS") WHERE RECENT HIGH SCHOOLS GRADS DRAW ON THE SOUND AS AN ECONOMIC RESOURCE; WE LEAD...

JOBS AND SKILLS TRAINING: LONG ISLAND SOUND IS OUR MILLION-ACRE CLASSROOM. WE TEACH JOB SKILLS ("HARBOR CORPS") WHERE RECENT HIGH SCHOOLS GRADS DRAW ON THE SOUND AS AN ECONOMIC RESOURCE; WE LEAD ADVANCED SCIENCE SKILLS CLASSES ("RESEARCH INTENSIVE") WHERE TALENTED HIGH SCHOOL STUDENTS CAN LEARN FROM THE SOUND AS AN ECOLOGICAL RESOURCE; AND WE TEACH YOUTH DEVELOPMENT SKILLS ("YOUNG MARINERS") WHERE MIDDLE SCHOOL STUDENTS CAN STUDY, SAIL AND ENGAGE WITH THE SOUND AS A RECREATIONAL RESOURCE. BY CONNECTING YOUNG PEOPLE TO LONG ISLAND SOUND, THEY GAIN JOBS AND SKILLS TRAINING TO LAUNCH THEIR COLLEGE AND CAREER PATHS.

Program 3

Expenses: $548,553 Revenue: $580,527

PUBLIC ENGAGEMENT: SOUNDWATERS OFFERS PROGRAMS FOR THE BROADER COMMUNITY, WITH THE GOAL OF PROVIDING A PATHWAY FOR PEOPLE TO DEVELOP A MEANINGFUL CONNECTION WITH THEIR LOCAL ENVIRONMENT. THESE...

PUBLIC ENGAGEMENT: SOUNDWATERS OFFERS PROGRAMS FOR THE BROADER COMMUNITY, WITH THE GOAL OF PROVIDING A PATHWAY FOR PEOPLE TO DEVELOP A MEANINGFUL CONNECTION WITH THEIR LOCAL ENVIRONMENT. THESE PROGRAMS RANGE FROM PUBLIC SAILS TO SUMMER CAMP TO PADDLE SPORTS TO COASTAL CLEAN-UPS AND MORE. THROUGH ALL OF THESE PROGRAMS, RESOURCES, AND A GREAT TEAM OF PEOPLE, SOUNDWATERS MAKES LONG ISLAND SOUND ACCESSIBLE, WITH THE GOAL OF CREATING A LEGACY OF JOYFUL LEARNING AND LIFELONG STEWARDSHIP. SOUNDWATERS BELIEVES THAT A HEALTHY COMMUNITY IS A HUMAN RIGHT AND WORKS EVERY DAY TO MAKE THIS A REALITY FOR ALL.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,445,793

Program Service Revenue $884,036

Investment Income $185,966

Other Revenue $-17,527

TOTAL REVENUE $3,498,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,985,205

Fundraising Expenses $414,071

Program Expenses $3,081,532

Other Expenses $1,825,123

TOTAL EXPENSES $3,810,328

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,498,268	$4,937,357	-0.3%
Expenses	$3,810,328	$2,894,649	+0.3%
Net Income	$-312,060	$2,042,708	-1.2%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

1212

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

$358,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY ALLOT	CHAIR	5.00	Officer Director	$0	$0	$0
EMILY DREAS	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MICHELE SEGALLA	TREASURER	5.00	Officer Director	$0	$0	$0
CLARENCE GREBEY	SECRETARY	5.00	Officer Director	$0	$0	$0
SARA ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
RANDY BOURNE	DIRECTOR	1.00	Director	$0	$0	$0
OLGA BURKE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI CALVER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE CAREY	DIRECTOR	1.00	Director	$0	$0	$0
TONY CARVETTE	DIRECTOR	1.00	Director	$0	$0	$0
EMILE DE NEREE	DIRECTOR	1.00	Director	$0	$0	$0
PIETER EENKEMA VAN DIJK	DIRECTOR	1.00	Director	$0	$0	$0
IRA FLATOW	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FULLER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL HUSTON	DIRECTOR	1.00	Director	$0	$0	$0
SARA KELLER	DIRECTOR	1.00	Director	$0	$0	$0
THEA KRUGER	DIRECTOR	1.00	Director	$0	$0	$0
TAMU LUCERO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ALEX PUGLIESE	DIRECTOR	1.00	Director	$0	$0	$0
JAKE RATH	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SELLSCHOP	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SOLECKI	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY STUART	DIRECTOR	1.00	Director	$0	$0	$0
RICH THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
MARIA VAZQUEZ-GONCALVES	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH SHEMITZ	PRESIDENT	40.00	Officer	$228,125	$5,570	$233,695
MEG PETERSON	VP OF FINANCE	40.00	Officer	$121,385	$3,116	$124,501
ROBERT MAZZONE	VP OF DEVELOPMENT	40.00	Highest	$132,605	$3,466	$136,071
MICHAEL BAGLEY	VP OF PROGRAMS	40.00	Highest	$126,958	$3,375	$130,333

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	No data	No data	No data	No data
2024	$3,498,268	$3,810,328	$18,306,592	$-312,060
2023	$4,937,357	$2,894,649	$19,174,857	$2,042,708
2022	$5,964,857	$2,327,399	$15,959,792	$3,637,458
2021	$7,459,789	$2,098,635	$12,506,716	$5,361,154
2020	$3,212,773	$1,952,859	$6,873,257	$1,259,914
2019	$3,534,579	$2,114,937	$5,424,822	$1,419,642
2018	$2,105,697	$2,004,078	$3,928,016	$101,619