Naples, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Freedom Waters Foundation Inc, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $539K in total revenue in fiscal year 2025. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 104% operating deficit.
To provide boating oportunities and marine related education for people with diabilities, veterans, and youth at risk.
The Organization established and supports accessible(disabled)sailing programs in Naples, FL and conducts therapeutic boating and fishing outings for cancer patients and survivors, disabled children...
The Organization established and supports accessible(disabled)sailing programs in Naples, FL and conducts therapeutic boating and fishing outings for cancer patients and survivors, disabled children and adults, and veterans. The Organiztion served 4,675 participants in 2024 and 6,926 participants in 2025 To accomplish their mission, the Organization depends on in-kind donations of vessels, the value of which was $367,592 in 2024 and $464,313 in 2025
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)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $538,689 | $1,557,097 | -0.7% |
| Expenses | $1,097,690 | $694,433 | +0.6% |
| Net Income | $-559,001 | $862,664 | -1.6% |
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 |
|---|---|---|---|---|---|---|
| Debra S Frenkel | Founder and director | 40.00 |
Officer
Director
Key Emp
|
$123,930 | $0 | $123,930 |
| Mike Clover | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Keith Perfect | Vice Chair/Secretary | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dawn Read Diehl | Chairman | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| Scott Ward | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Thomas Dammrich | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Mary Lee Pierce | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Jim Hunt | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Dan Lane | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Jeff Gage | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Brian Work | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Thomas Gordy | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Walter Johnson | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Michael Kincaid | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Dennis Dunham | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| David Bakelman | Executive Director | 40.00 |
Key Emp
|
$153,200 | $0 | $153,200 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $538,689 | $1,097,690 | $737,420 | $-559,001 |
| 2024 | $1,557,097 | $694,433 | $1,299,484 | $862,664 |
| 2023 | $601,094 | $713,262 | $427,732 | $-112,168 |
| 2022 | $594,224 | $585,435 | $533,588 | $8,789 |
| 2021 | $673,720 | $569,708 | $524,799 | $104,012 |
| 2020 | $550,531 | $443,855 | $453,097 | $106,676 |
| 2019 | $587,303 | $530,397 | $314,111 | $56,906 |
| 2018 | $355,381 | $418,297 | $257,205 | $-62,916 |
Compare Freedom Waters Foundation Inc with other nonprofits in Florida and across the country.