Water Resources Association of the Delaware River Basin (EIN 231581514) - 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

1959

Legal Domicile

Principal Officer

Jennifer Garigliano

Phone

6108509103

Tax Period

2023-01-01 to 2023-12-31

Water Resources Association of the Delaware River Basin, founded in 1959, is a small nonprofit in the Public & Societal Benefit sector that reported $112K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $130K exceeded revenue, resulting in a 16% operating deficit.

Mission

WRA promotes education about and practice of sound water resource management in the Delaware River Basin based on balanced review of scientific information and encouragement of innovation and collaboration.

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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 $104,181

Investment Income $1,261

Other Revenue $6,505

TOTAL REVENUE $111,947

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $86,869

Fundraising Expenses $21,717

Program Expenses $77,345

Other Expenses $41,739

TOTAL EXPENSES $129,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,947	$77,618	+0.4%
Expenses	$129,608	$127,783	+0.0%
Net Income	$-17,661	$-50,165	-0.6%

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

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

Total Directors

$86,869

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Skelly Holmbeck	Executive Dir.	24.00	Director	$86,869	$0	$86,869
Jennifer Garigliano	President	2.00	Director	$0	$0	$0
Dennis Palmer	Treasurer	2.00	Director	$0	$0	$0
Mike Rokel	Deputy Secretar	1.00	Director	$0	$0	$0
Scott Hughes	Vice Chair PA	0.00	Director	$0	$0	$0
Helen Gregory	Vice Chair NJ	0.00	Director	$0	$0	$0
Larry Finnicum	Vice Chair Del	0.00	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	$111,947	$129,608	$71,902	$-17,661
2022	$77,618	$127,783	$89,563	$-50,165
2021	$77,717	$108,851	$139,728	$-31,134
2020	$67,420	$99,079	$181,929	$-31,659
2019	$80,036	$57,007	$202,522	$23,029
2018	$103,858	$86,562	$179,493	$17,296

Water Resources Association of the Delaware River Basin