NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
WEDG (WATERFRONT EDGE DESIGN GUIDELINES): - THE NEXT VERSION OF WEDG IS LAUNCHED AND COVERS FRESHWATER SYSTEMS, FORMALLY ESTABLISHING WEDG AS A FULLY NATIONAL STANDARD FOR WATERFRONT DESIGN. -...
WEDG (WATERFRONT EDGE DESIGN GUIDELINES): - THE NEXT VERSION OF WEDG IS LAUNCHED AND COVERS FRESHWATER SYSTEMS, FORMALLY ESTABLISHING WEDG AS A FULLY NATIONAL STANDARD FOR WATERFRONT DESIGN. - OFFSHORE WIND DEVELOPERS IN NEW YORK AND NEW JERSEY SIGN ON FOR WEDG COMMITMENTS IN THEIR BIDS FOR OFFSHORE WIND PROJECTS. - THE FIRST-EVER COHORT OF HIGH SCHOOL STUDENTS, FROM THE NEW YORK HARBOR SCHOOL, COMPLETE THE WEDG PROFESSIONALS COURSE, PREPARING THEM TO PURSUE EDUCATION AND CAREERS IN CLIMATE RESILIENT DESIGN. - JOSE MARTI PARK IN MIAMI BECOMES THE FIRST PROJECT IN FLORIDA AND TWELFTH NATIONALLY TO RECEIVE WEDG (WATERFRONT EDGE DESIGN GUIDELINES) VERIFICATIONTHE GOLD STANDARD IN WATERFRONT DESIGN. - IN MAY 2023, WATERFRONT ALLIANCE'S WEDG PROGRAM IS ACCEPTED BY GRESB, THE NATIONAL ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) BENCHMARK FOR REAL ESTATE ASSETS, FOR FULL POINTS AS A COMPONENT OF THEIR CERTIFICATION. WATERFRONT EDUCATION AND ACCESS: - WE BRING STEM-BASED CLIMATE AND WATERFRONT EDUCATION TO MORE THAN 1,200 STUDENTS AND 36 CLASSROOMS ACROSS NEW YORK CITY THROUGH ESTUARY EXPLORERS. - WITH MORE THAN 180 COMMUNITY VOLUNTEERS, WE CLEANUP 3,600 POUNDS OF TRASH FROM WATERWAYS AND COASTLINES THROUGH OUR COASTAL CLEAN-UP PROGRAM. RISE TO RESILIENCE COALITION ADVOCACY RESULTS: -WITH THE RISE TO RESILIENCE COALITION, SPEARHEADED BY THE WATERFRONT ALLIANCE, WE CAMPAIGN THE NEW YORK STATE LEGISLATURE AND THEY PASS COMPREHENSIVE FLOOD DISCLOSURE FOR ALL HOME SALES IN THE STATE OF NEW YORK. THIS NOW ENSURES ALL HOME BUYERS AND RENTERS IN NEW YORK STATE WILL BE FULLY INFORMED ABOUT THE RISKS OF FLOODING. - WITH THE RISE TO RESILIENCE COALITION, WE CAMPAIGN THE NEW JERSEY STATE LEGISLATURE, WHICH UNANIMOUSLY PASSES SATE-WIDE FLOOD RISK LEGISLATION, ENSURING NEW JERSEY HOME BUYERS AND RENTERS ARE FULLY INFORMED ABOUT THE RISKS OF FLOODING. - WITH THE RISE TO RESILIENCE COALITION, WE SPEARHEAD AND ARE JOINED BY 46 ORGANIZATIONS CALLING FOR GREATER FOCUS ON ENVIRONMENTAL JUSTICE, NATURE-BASED SOLUTIONS, AND MORE PUBLIC PARTICIPATION OPPORTUNITIES IN NEW YORK-NEW JERSEY HARBOR AND TRIBUTARIES STUDYA PLAN TO PROTECT THE ENTIRE REGION FROM THE NEXT MAJOR HURRICANE. CLIMATE INFORMED COMMUNITIES: - WATERFRONT ALLIANCE LAUNCHES CLIMATE INFORMED COMMUNITIES, A NEW COMMUNITY ORGANIZING BASED PROGRAM TO BRING CLIMATE PREPAREDNESS RESOURCES AND INFRASTRUCTURE PLANNING PROCESSES TO NEW YORK CITY COMMUNITIES. - WE LAUNCH A CLIMATE HAZARDS STUDY OF FLUSHING MEADOWS CORONA PARK IN QUEENS, NY, FUNDED BY THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION (NOAA). - WE PUBLISH THE WATERFRONT ALLIANCE CLIMATE HAZARD RESOURCE GUIDE, A CENTRALIZED DATABASE OF ALL AVAILABLE RESOURCES RELATING TO CLIMATE HAZARDS IN THE NEW YORK AND NEW JERSEY REGION. RESILIENCE / OTHER: - FOLLOWING YEARS OF ADVOCACY BY WATERFRONT ALLIANCE AND OUR PARTNERS, THE NEW YORK STATE DEPARTMENT OF ENVIRONMENTAL CONSERVATION ISSUES A DIRECTIVE TO THE U.S. ARMY CORPS OF ENGINEERS THATWOULD RESULT IN BETTER PROTECTIONS FOR MILLIONS OF NEW YORK AND NEW JERSEY RESIDENTS. - WE SIGN THE FOSSIL FUEL NON-PROLIFERATION TREATY, AN EFFORT TO KEEP GLOBAL WARMING TO BELOW 1.5C. - THE NEW YORK CLIMATE EXCHANGE ON GOVERNOR'S ISLAND SELECTS WATERFRONT ALLIANCE AS AN EARLY PARTNER AND LEADERSHIP ADVISOR. - MAYOR ADAMS APPOINTS WATERFRONT ALLIANCE PRESIDENT AND CEO CORTNEY KOENIG WORRALL AS ONE OF THE 26 MEMBERS OF THE NEW YORK CITY SUSTAINABILITY ADVISORY BOARD TO GUIDE THE CITY'S LONG-TERM RESILIENCE AND SUSTAINABILITY GOALS. - WATERFRONT ALLIANCE DIRECTOR OF PROGRAMS AND CLIMATE INITIATIVES, FURHANA HUSANI, RECEIVES THE PRESTIGIOUS WOMEN OF THE MONTH AWARD FROM THE WOMEN OF COLOR ADVANCING PEACE, SECURITY, AND CONFLICT TRANSFORMATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare WATERFRONT ALLIANCE INC with other nonprofits in New York and across the country.