WATERSTONE COMMUNITY ASSOC

EIN: 208516055 Housing & Shelter

Katy, TX

Total Revenue
$759,811
Total Expenses
$516,731
Total Assets
$933,721
Net Assets
$692,731
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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
TX
Principal Officer
RYAN CULVER
Tax Period
2024-01-01 to 2024-12-31

WATERSTONE COMMUNITY ASSOC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $760K in total revenue in fiscal year 2024. The organization ran a surplus of $243K, a strong 32% operating margin.

Mission

TO PROVIDE FOR THE HEALTH SAFETY AND WELFARE OF THE COMMUNITY AT LARGE

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $644,000
Program Service Revenue $0
Investment Income $5,057
Other Revenue $110,754
TOTAL REVENUE $759,811

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $429,514
Other Expenses $516,731
TOTAL EXPENSES $516,731

Year-over-Year Comparison

2024 2023 Change
Revenue $759,811 N/A N/A
Expenses $516,731 N/A N/A
Net Income $243,080 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN CULVER PRESIDENT 5.00
Officer
$0 $0 $0
BRIAN KLINE VICE PRESIDENT 5.00
Officer
$0 $0 $0
GARY MARTIN TREASURER 5.00
Officer
$0 $0 $0
RODRICK KEELS SECRETARY 5.00
Officer
$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 No data No data No data No data
2024 $759,811 $516,731 $933,721 $243,080
2023 $714,940 $546,883 $580,328 $168,057
2022 $651,105 $743,231 $517,989 $-92,126
2021 $658,889 $801,915 $889,009 $-143,026
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