FRESHWATER SOCIETY (EIN 237007115) - 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

1968

Legal Domicile

Principal Officer

MICHELLE STOCKNESS

Phone

6513135800

Tax Period

2024-07-01 to 2025-06-30

FRESHWATER SOCIETY, founded in 1968, is a community nonprofit in the Science & Technology sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 37% operating deficit.

Mission

INSPIRING AND EMPOWERING PEOPLE TO VALUE AND PRESERVE OUR FRESHWATER RESOURCES.

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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 $638,490

Program Service Revenue $142,181

Investment Income $485,863

Other Revenue $156,080

TOTAL REVENUE $1,422,614

Expense Breakdown

Grants Paid $140,735

Salaries & Benefits $1,197,401

Fundraising Expenses $164,615

Program Expenses $1,328,992

Other Expenses $615,221

TOTAL EXPENSES $1,953,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,422,614	$1,179,849	+0.2%
Expenses	$1,953,357	$2,133,891	-0.1%
Net Income	$-530,743	$-954,042	-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

541

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

$294,655

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE LEUTHE	CHAIR	1.00	Officer Director	$0	$0	$0
LAURA PAGANO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
COREY LOHMILLER	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG THOMAS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPHINE MARCOTTY	PAST CHAIR	1.00	Officer Director	$0	$0	$0
BETH CARRENO	DIRECTOR	1.00	Director	$0	$0	$0
JACQUES FINLAY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN GODFREY	DIRECTOR	1.00	Director	$0	$0	$0
BARB HUBERTY	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY LENZ	DIRECTOR	1.00	Director	$0	$0	$0
ALI LING	DIRECTOR	1.00	Director	$0	$0	$0
SAM LOBBY	DIRECTOR	1.00	Director	$0	$0	$0
RENEE WILLETTE	DIRECTOR	1.00	Director	$0	$0	$0
WADE CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
RISIKAT ADESAOGUN	DIRECTOR	1.00	Director	$0	$0	$0
RYAN HURT	DIRECTOR	1.00	Director	$0	$0	$0
TYLER JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JILL LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
AARON TINJUM	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE STOCKNESS	EXECUTIVE DIRECTOR	40.00	Officer	$177,400	$12,860	$190,260
CATHY RUCCI	FINANCE DIRECTOR	40.00	Officer	$80,769	$7,544	$88,313
ANDREA TODD	FORMER FINANCE DIRECTOR	40.00	Officer	$16,082	$0	$16,082
CARRIE JENNINGS	RESEARCH AND POLICY DIRECTOR	40.00	Highest	$119,477	$12,327	$131,804

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	$1,422,614	$1,953,357	$4,904,711	$-530,743
2024	$1,179,849	$2,133,891	$6,402,127	$-954,042
2023	$2,441,287	$1,580,773	$6,984,281	$860,514
2022	$1,089,251	$1,610,017	$5,721,702	$-520,766
2021	$1,390,128	$1,088,058	$6,836,714	$302,070
2020	$942,980	$1,166,079	$5,728,055	$-223,099
2019	$1,083,621	$1,239,840	$5,522,750	$-156,219

FRESHWATER SOCIETY