LYNNHAVEN RIVER NOW

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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

2003

Legal Domicile

Principal Officer

STEVE HERBERT

Phone

7579625398

Tax Period

2024-07-01 to 2025-06-30

LYNNHAVEN RIVER NOW, founded in 2003, is a community nonprofit in the Environment sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $451K, a strong 25% operating margin.

Mission

TO COORDINATE EDUCATION AND CONSERVATION EFFORTS AMOUNG VARIOUS FOUNDATIONS, GOVERNMENTAL UNITS AND INDIVIDUALS IN AN EFFORT TO RESTORE AND CLEAN UP THE LYNNHAVEN RIVER BASIN, SHORELINE AND ITS WATERS.

Program Service Accomplishments

Program 1

Expenses: $1,101,709 Revenue: $1,790,915

HOSTED EVENTS AND SOLICITED DONATIONS AND GRANTS IN EFFORT TO ACHIEVE PRIMARY EXEMPT PURPOSE. PROMOTED AWARENESS OF ORGANIZATIONS PURPOSE AND WAYS IN WHICH COMMUNITY COULD HELP AID IN RIVER...

HOSTED EVENTS AND SOLICITED DONATIONS AND GRANTS IN EFFORT TO ACHIEVE PRIMARY EXEMPT PURPOSE. PROMOTED AWARENESS OF ORGANIZATIONS PURPOSE AND WAYS IN WHICH COMMUNITY COULD HELP AID IN RIVER RESTORATION EFFORTS VIA ADVERTISING, PUBLIC PRESENTATIONS, AND OTHER PROMOTIONAL AND EDUCATIONAL EVENTS.

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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 $1,518,113

Program Service Revenue $213,103

Investment Income $10,690

Other Revenue $49,009

TOTAL REVENUE $1,790,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $633,857

Fundraising Expenses $8,170

Program Expenses $1,101,709

Other Expenses $706,325

TOTAL EXPENSES $1,340,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,790,915	$1,048,741	+0.7%
Expenses	$1,340,182	$975,404	+0.4%
Net Income	$450,733	$73,337	+5.1%

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

Volunteers

300

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

$106,043

Total Directors

$27,416

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN FORGET	EXECUTIVE DIRECTOR	50.00	Officer	$106,043	$0	$106,043
BRENT JAMES	DIRECTOR	2.00	Director	$27,416	$0	$27,416
CATHY MASTON	TREASURER	4.00	Officer	$0	$0	$0
LILLIE GILBERT	DIRECTOR	2.00	Director	$0	$0	$0
STEVE HERBERT	CHAIRMAN	2.00	Officer	$0	$0	$0
ANDREW FINE	DIRECTOR	2.00	Director	$0	$0	$0
BOB WELLS	DIRECTOR	3.00	Director	$0	$0	$0
BARRY FRANKENFIELD	FIRST VICE CHAIRMAN	2.00	Officer	$0	$0	$0
EMILY STEINHILBER	DIRECTOR	2.00	Director	$0	$0	$0
JANET PAWLUKIEWICZ	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE KOTARIES	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG COPE	SECOND VICE CHAIRMAN	2.00	Officer	$0	$0	$0
JAN DILLARD	DIRECTOR	2.00	Director	$0	$0	$0
JAKETA THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
DAN BECK	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK GENZLER	DIRECTOR	2.00	Director	$0	$0	$0
HARRY LESTER	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS SCHELLHAMMER	DIRECTOR	2.00	Director	$0	$0	$0
WILL SESSOMS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SPORE	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	$1,790,915	$1,340,182	$772,599	$450,733
2024	$1,048,741	$975,404	$173,385	$73,337
2023	$1,080,954	$1,086,730	$102,852	$-5,776
2022	$1,493,952	$1,432,449	$100,901	$61,503
2021	$894,085	$847,274	$51,862	$46,811
2020	$708,099	$839,861	$64,736	$-131,762
2019	$677,556	$685,709	$84,949	$-8,153
2018	$576,495	$526,784	$90,823	$49,711