WATERSIDE WORKSHOPS (EIN 260200654) - 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

2007

Legal Domicile

Principal Officer

REBECCA GROVE

Phone

5106442577

Tax Period

2023-01-01 to 2023-12-31

WATERSIDE WORKSHOPS, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

WATERSIDE WORKSHOPS ENGAGES YOUTH AND THE COMMUNITY THROUGH HANDS-ON LEARNING IN BICYCLE MECHANICS, WOODEN BOATBUILDING, AND OUTDOOR EDUCATION. WATERSIDE IS A SAFE PLACE FOR YOUTH TO FEEL HEARD, GAIN CONFIDENCE, DEVELOP WORK SKILLS, AND ACCESS THE TOOLS AND RESOURCES NEEDED TO LEAD HEALTHY, SUSTAINABLE LIVES.

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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 $888,619

Program Service Revenue $44,748

Investment Income $0

Other Revenue $301,817

TOTAL REVENUE $1,235,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $925,034

Fundraising Expenses $87,044

Program Expenses $966,067

Other Expenses $295,479

TOTAL EXPENSES $1,220,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,235,184	$918,895	+0.3%
Expenses	$1,220,513	$1,027,446	+0.2%
Net Income	$14,671	$-108,551	-1.1%

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

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

$159,549

Total Directors

$159,549

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA GROVE	EXECUTIVE DI	40.00	Officer Director	$90,000	$0	$90,000
HELDER PARREIRA	BOARD SECRET	40.00	Officer Director	$69,549	$0	$69,549
PETRINA ALEXANDER	BOARD PRESID	N/A	Officer Director	$0	$0	$0
CHARLES HAMMOND	BOARD MEMBER	N/A	Director	$0	$0	$0
ANDREW MURRAY	BOARD MEMBER	N/A	Director	$0	$0	$0
LAUREN SAUER	BOARD TREASU	N/A	Officer Director	$0	$0	$0
TERRY TAPLIN	ADVISORY BOA	N/A	Director	$0	$0	$0
ERIKA WEISSENGER	BOARD MEMBER	N/A	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	$1,235,184	$1,220,513	$254,031	$14,671
2022	$918,895	$1,027,446	$235,246	$-108,551
2021	$865,220	$885,063	$347,258	$-19,843
2020	$817,270	$687,630	$361,899	$129,640
2019	$695,290	$714,195	$228,107	$-18,905
2018	$716,505	$664,296	$244,112	$52,209

WATERSIDE WORKSHOPS