UPSTATE FRESHWATER INSTITUTE INC (EIN 222467379) - 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

1981

Legal Domicile

Principal Officer

DAVID A MATTHEWS

Phone

3154314962

Tax Period

2023-01-01 to 2023-12-31

UPSTATE FRESHWATER INSTITUTE INC, founded in 1981, is a community nonprofit in the Environment sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 8% surplus.

Mission

UPSTATE FRESHWATER INSTITUTE, INC. (UFI) IS A NOT-FOR-PROFIT RESEARCH CORPORATION DEDICATED TO THE IMPROVEMENT OF WATER QUALITY AND THE ADVANCEMENT OF FRESHWATER RESEARCH.

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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 $0

Program Service Revenue $1,730,615

Investment Income $3,876

Other Revenue $30

TOTAL REVENUE $1,734,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,040,646

Fundraising Expenses $0

Program Expenses $1,209,811

Other Expenses $547,863

TOTAL EXPENSES $1,588,509

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,734,521	$1,316,500	+0.3%
Expenses	$1,588,509	$1,352,416	+0.2%
Net Income	$146,012	$-35,916	-5.1%

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

$224,027

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A MATTHEWS	CEO & SECRET	40.00	Officer	$102,709	$3,081	$105,790
MARYGAIL PERKINS	COO	40.00	Officer	$87,024	$2,611	$89,635
NORA B O'KEEFE	CFO	20.00	Officer	$28,602	$0	$28,602
DAVID CHANDLER	DIRECTOR	0.16	Director	$0	$0	$0
MARY MINER	CHAIRMAN	0.16	Director	$0	$0	$0
KIMBERLY SCHULZ	DIRECTOR	0.16	Director	$0	$0	$0
TENG ZENG	DIRECTOR	0.16	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	No data	No data	No data	No data
2023	$1,734,521	$1,588,509	$1,920,057	$146,012
2022	$1,316,500	$1,352,416	$1,742,825	$-35,916
2021	$1,225,312	$1,228,007	$1,975,869	$-2,695
2020	$1,238,848	$1,321,070	$1,818,830	$-82,222
2019	$1,304,647	$1,403,335	$1,896,475	$-98,688
2018	$1,308,360	$1,323,876	$2,212,724	$-15,516

UPSTATE FRESHWATER INSTITUTE INC