THE WATERSHED INSTITUTE INC (EIN 210649717) - 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

1949

Legal Domicile

Phone

6097373735

Tax Period

2023-01-01 to 2023-12-31

THE WATERSHED INSTITUTE INC, founded in 1949, is a community nonprofit in the Environment sector that reported $3.9M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $4.8M exceeded revenue, resulting in a 23% operating deficit.

Mission

KEEPING WATER CLEAN, SAFE AND HEALTHY IS THE HEART OF OUR MISSION. WE WORK TO PROTECT AND RESTORE OUR WATER AND NATURAL ENVIRONMENT IN CENTRAL NEW JERSEY THROUGH CONSERVATION, ADVOCACY, SCIENCE AND EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,076,549

Program Service Revenue $395,441

Investment Income $464,526

Other Revenue $-18,024

TOTAL REVENUE $3,918,492

Expense Breakdown

Grants Paid $501,535

Salaries & Benefits $2,890,310

Fundraising Expenses $381,984

Program Expenses $4,026,575

Other Expenses $1,423,250

TOTAL EXPENSES $4,815,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,918,492	$5,202,568	-0.2%
Expenses	$4,815,095	$4,586,424	+0.0%
Net Income	$-896,603	$616,144	-2.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEE ATTACHED LIST	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN WALSH	CHIEF OF FINANCE AND ADMIN	40.00	Highest	$111,322	$26,394	$137,716
SOPHIE GLOVIER	CHIEF OF OPERATIONS	40.00	Highest	$104,998	$26,394	$131,392
JENNY ANN KERSHNER	DEVELOPMENT DIRECTOR	40.00	Highest	$103,532	$21,521	$125,053

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	No data	No data	No data	No data
2023	$3,918,492	$4,815,095	$33,343,202	$-896,603
2022	$5,202,568	$4,586,424	$31,810,080	$616,144
2021	$7,070,996	$4,080,016	$35,108,779	$2,990,980
2020	$13,067,773	$2,929,138	$30,357,343	$10,138,635
2019	$2,885,206	$3,279,177	$19,273,985	$-393,971
2018	$3,080,909	$2,727,632	$18,658,193	$353,277

THE WATERSHED INSTITUTE INC