AQUIFER INC (EIN 204755198) - 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

2006

Legal Domicile

Principal Officer

LESLIE FALL

Phone

6037277002

Tax Period

2024-07-01 to 2025-06-30

AQUIFER INC, founded in 2006, is a community nonprofit in the Education sector that reported $8.2M in total revenue in fiscal year 2024. Expenses of $7.6M left a modest 7% surplus.

Mission

TO ADVANCE MEDICAL EDUCATION THROUGH COLLABORATIVE DEVELOPMENT, MAINTENANCE AND RESEARCH OF INNOVATIVE AND COMPREHENSIVE COMPUTER-ASSISTED INSTRUCTION PROGRAMS.

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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 $5,000

Program Service Revenue $7,938,495

Investment Income $216,484

Other Revenue $0

TOTAL REVENUE $8,159,979

Expense Breakdown

Grants Paid $95,000

Salaries & Benefits $4,743,610

Fundraising Expenses $646,372

Program Expenses $5,618,195

Other Expenses $2,725,341

TOTAL EXPENSES $7,563,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,159,979	$8,370,047	0.0%
Expenses	$7,563,951	$7,435,199	+0.0%
Net Income	$596,028	$934,848	-0.4%

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

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

$559,684

Total Directors

Key Employees

$260,468

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAKE DARCY	CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN LAWE	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN FERNANDES	DIRECTOR	0.00	Director	$0	$0	$0
BRUCE MORGENSTERN MD	DIRECTOR	0.00	Director	$0	$0	$0
CHARLES PROBER MD	DIRECTOR	0.00	Director	$0	$0	$0
LESLIE FALL MD	CHIEF EXECUTIVE OFFICER	40.00	Officer	$299,212	$51,242	$350,454
CRAIG DAVIS	CHIEF FINANCIAL OFFICER	40.00	Officer	$161,050	$48,180	$209,230
EMILY STEWART MD	CHIEF CURRICULUM OFFICER	40.00	Key Emp	$237,359	$23,109	$260,468
VIMAL BHATNAGAR	CHIEF OPERATING OFFICER 'TIL 11/24	40.00	Highest	$178,157	$38,377	$216,534
STEPHANIE DEWITT	DIR. OF PRODUCT 'TIL 11/24	40.00	Highest	$153,413	$37,069	$190,482
NICK JONES	LEAD DEVELOPER	40.00	Highest	$147,580	$15,858	$163,438
SHAWN GRIFFIN	PRODUCT ENGINEERING MANAGER	40.00	Highest	$137,707	$33,361	$171,068
NAT PIERSON	SENIOR DATA ENGINEER	40.00	Highest	$130,115	$26,418	$156,533

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	$8,159,979	$7,563,951	$14,666,466	$596,028
2024	$8,370,047	$7,435,199	$15,006,893	$934,848
2023	$7,474,455	$7,309,944	$14,928,835	$164,511
2022	$7,225,333	$6,659,981	$13,050,685	$565,352
2021	$7,409,404	$5,573,244	$13,713,844	$1,836,160
2020	$5,753,338	$4,899,657	$11,985,755	$853,681
2019	$5,669,806	$5,205,553	$7,477,001	$464,253

AQUIFER INC