WATERLEGACY

EIN: 263999186 501(c)(3) Environment

Duluth, MN

Total Revenue
$260,595
Total Expenses
$269,636
Total Assets
$990,404
Net Assets
$977,035
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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
2009
Legal Domicile
MN
Principal Officer
Jan Keough
Phone
2182268361
Tax Period
2024-10-01 to 2025-09-30

WATERLEGACY, founded in 2009, is a small nonprofit in the Environment sector that reported $261K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Net assets of $977K represent 45 months of operating reserves.

Mission

Protect water resources & the communities that rely on them.

Program Service Accomplishments

Program 1
Expenses: $127,522 Revenue: $0

Advocacy-Legal Services for Water Advocacy. Protect water resources, aquatic life, wild rice and human health from mining related pollution. Advocate for rigorous environmental review and permitting...

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Advocacy-Legal Services for Water Advocacy. Protect water resources, aquatic life, wild rice and human health from mining related pollution. Advocate for rigorous environmental review and permitting to protect public health, safety, and the environment. Results: Water quality standards in rule and environmental review enforced in permits. Collaborated with federal, state, and tribal agencies and citizen groups.

Program 2
Expenses: $109,641 Revenue: $0

Public Outreach & Support. Awareness and advocacy via organizing, technical research, exhibits, flyers, petitions, presentations, panels, phoning, convening, workshops, website, provide media, email...

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Public Outreach & Support. Awareness and advocacy via organizing, technical research, exhibits, flyers, petitions, presentations, panels, phoning, convening, workshops, website, provide media, email, printing/copies and filings. Results: Engaged citizens in clean water protection

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $231,011
Program Service Revenue $0
Investment Income $29,584
Other Revenue $0
TOTAL REVENUE $260,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $5,805
Program Expenses $237,163
Other Expenses $269,636
TOTAL EXPENSES $269,636

Year-over-Year Comparison

2024 2023 Change
Revenue $260,595 $1,079,296 -0.8%
Expenses $269,636 $205,497 +0.3%
Net Income $-9,041 $873,799 -1.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
200

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
2
$9,725
Total Directors
8
$127,725
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paula Maccabee Executive Director 40
Director
$118,000 $0 $118,000
Lise Abazs Treasurer 4.00
Officer Director
$9,725 $0 $9,725
Janet Keough President 4.00
Officer Director
$0 $0 $0
Don Arnosti Board Member 1
Director
$0 $0 $0
Ricky DeFoe Board Member 1
Director
$0 $0 $0
Karla Anderson Board Member 1
Director
$0 $0 $0
Gwen Chynoweth Board Member 1
Director
$0 $0 $0
Mike Maleska Board Member 1
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
2025 $260,595 $269,636 $990,404 $-9,041
2024 $1,079,296 $205,497 $998,485 $873,799
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