WATERFRONT ALLIANCE INC (EIN 134355067) - 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

2007

Legal Domicile

Principal Officer

CORTNEY WORRALL

Phone

2129359831

Tax Period

2023-01-01 to 2023-12-31

WATERFRONT ALLIANCE INC, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 32% operating margin.

Mission

SINCE 2007, THE WATERFRONT ALLIANCE HAS GROWN INTO A COALITION OF MORE THAN 1,100 PARTNER ORGANIZATIONS WORKING TOGETHER TO BUILD, TRANSFORM, REVITALIZE, AND PROTECT ACCESSIBLE WATERFRONTS FOR ALL COMMUNITIES. WITH MORE THAN 1,100 ALLIANCE PARTNERS, THE ORGANIZATION SERVES AS THE NEW YORK-NEW JERSEY REGION'S PREEMINENT ADVOCATE FOR COASTAL RESILIENCE AND ADAPTATION, EQUITABLE WATERFRONT ACCESS, A THRIVING MARITIME ECONOMY, AND CLIMATE EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,284,815

Program Service Revenue $145,979

Investment Income $497

Other Revenue $53,904

TOTAL REVENUE $3,485,195

Expense Breakdown

Grants Paid $34,802

Salaries & Benefits $1,299,258

Fundraising Expenses $449,243

Program Expenses $1,770,436

Other Expenses $1,019,267

TOTAL EXPENSES $2,353,327

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,485,195	$2,284,710	+0.5%
Expenses	$2,353,327	$2,023,517	+0.2%
Net Income	$1,131,868	$261,193	+3.3%

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

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

$244,313

Total Directors

$244,313

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORTNEY WORRALL	PRESIDENT AND CEO	40.00	Officer Director	$222,800	$21,513	$244,313
CHRISTOPHER O WARD	CHAIR	2.00	Officer Director	$0	$0	$0
COLONEL RET JOHN R BOUL II	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KATHY ROBB	VICE CHAIR	2.00	Officer Director	$0	$0	$0
REAR ADMIRAL RET RICK LARRABEE	TREASURER	2.00	Officer Director	$0	$0	$0
MATTHEW S WASHINGTON	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT W BALDER	DIRECTOR	1.00	Director	$0	$0	$0
KENT L BARWICK	DIRECTOR	1.00	Director	$0	$0	$0
PIPPA BRASHEAR	DIRECTOR	1.00	Director	$0	$0	$0
DIANNE DILLON-RIDGLEY	DIRECTOR	1.00	Director	$0	$0	$0
PETER EBRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
HILLARY LANE	DIRECTOR	1.00	Director	$0	$0	$0
PETER MADONIA	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE MONTOYA	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK NICE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL OKEEFFE	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA PETTYJOHN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PULLEN	DIRECTOR	1.00	Director	$0	$0	$0
CONSTANTINE GUS SANOULIS	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY SHEPARD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STAMATIS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD S WEEKS	DIRECTOR	1.00	Director	$0	$0	$0
KATE MCLETCHIE-SHELDON	CHIEF OPERATING OFFICER	40.00	Highest	$137,430	$10,735	$148,165
DAVID EZER	DIRECTOR OF EVENTS	40.00	Highest	$101,244	$14,757	$116,001

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	No data	No data	No data	No data
2023	$3,485,195	$2,353,327	$3,044,989	$1,131,868
2022	$2,284,710	$2,023,517	$1,896,176	$261,193
2022	$2,284,710	$2,023,517	$1,896,176	$261,193
2021	$2,187,207	$1,570,469	$1,397,130	$616,738
2020	$1,364,400	$1,585,066	$857,481	$-220,666

WATERFRONT ALLIANCE INC