AMERICAN WATERCRAFT ASSOCIATION INC (EIN 200520314) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

BRAD FRANKLIN

Phone

7037774955

Tax Period

2024-01-01 to 2024-12-31

AMERICAN WATERCRAFT ASSOCIATION INC, founded in 2003, is a small nonprofit in the Public Safety sector that reported $202K in total revenue in fiscal year 2020. Revenue decreased 8% compared to the prior year. Expenses of $195K left a modest 4% surplus.

Mission

PROMOTION OF EDUCATION AND SAFETY AS IT RELATES TO PERSONAL WATERCRAFT OPERATION AND SPORT THROUGH RESEARCH AND SPONSORED EVENTS FOR MEMBERS AND THE PUBLIC AT LARGE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $232,632

Investment Income $22

Other Revenue $0

TOTAL REVENUE $232,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,430

Fundraising Expenses $854

Program Expenses $177,568

Other Expenses $58,976

TOTAL EXPENSES $208,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$232,654	$226,467	+0.0%
Expenses	$208,406	$205,733	+0.0%
Net Income	$24,248	$20,734	+0.2%

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

N/A

Employees

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
BRAD FRANKLIN	CHAIRMAN	N/A	Officer Director	$0	$0	$0
MARC ANDRE DESCHENES	DIRECTOR	N/A	Director	$0	$0	$0
CROFT LONG	TRUSTEE/DIRE	N/A	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
2024	$232,654	$208,406	$179,309	$24,248
2023	$226,467	$205,733	$156,713	$20,734
2022	$226,433	$201,642	$135,239	$24,791
2021	$259,519	$191,545	$112,271	$67,974
2020	$201,792	$194,614	$48,093	$7,178

AMERICAN WATERCRAFT ASSOCIATION INC