THE FLATWATER FOUNDATON (EIN 275011867) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

CHELSEA HARDEE

Phone

5125532010

Tax Period

2024-01-01 to 2024-12-31

THE FLATWATER FOUNDATON, founded in 2010, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 22% operating deficit.

Mission

PROVIDE FAMILIES ACCESS TO MENTAL HEALTH SUPPORT WHILE COPING WITH A CANCER DIAGNOSIS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,951,197

Program Service Revenue $0

Investment Income $23,885

Other Revenue $-1,188

TOTAL REVENUE $1,973,894

Expense Breakdown

Grants Paid $1,140,475

Salaries & Benefits $508,354

Fundraising Expenses $303,495

Program Expenses $1,792,971

Other Expenses $760,097

TOTAL EXPENSES $2,408,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,973,894	$1,460,650	+0.4%
Expenses	$2,408,926	$1,855,972	+0.3%
Net Income	$-435,032	$-395,322	+0.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$404,516

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHELSEA HARDEE	CEO	40.00	Officer	$151,848	$0	$151,848
CHIARA MOORE	Executive Dir.	40.00	Officer	$141,706	$0	$141,706
BECKY MORALES	Executive Dir.	40.00	Officer	$110,962	$0	$110,962
JONATHAN FRIDAY	Chairman	1.00	Director	$0	$0	$0
TJ TURNER	Director	1.00	Director	$0	$0	$0
HELEN DINKELSPIEL ESHED MD	Director	1.00	Director	$0	$0	$0
MIKE SPADIER	Director	1.00	Director	$0	$0	$0
BK NEWSOM	Director	1.00	Director	$0	$0	$0
ALLISON WATKINS	Director	1.00	Director	$0	$0	$0
MORRIS GREEN	Director	1.00	Director	$0	$0	$0
ALYSSA CORNETT	Director	1.00	Director	$0	$0	$0
GARRETT KEY MD FAPA	Director	1.00	Director	$0	$0	$0
BERNARD J GRZELAK	Director	1.00	Director	$0	$0	$0
PAOLA ORTIZ	Director	1.00	Director	$0	$0	$0
JASON DUDEY	Director	1.00	Director	$0	$0	$0
CLARISSA ALVARADO	Director	1.00	Director	$0	$0	$0
ALEXANDER NOREN	Executive Dir.	40.00	Officer	$0	$0	$0
BRITTANY MORRISON	Executive Dir.	40.00	Officer	$0	$0	$0
DOLORES LAPARTE-LITTON	Executive Dir.	40.00	Officer	$0	$0	$0
MARK GARZA	Executive Dir.	40.00	Officer	$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	$1,973,894	$2,408,926	$986,211	$-435,032
2023	$1,460,650	$1,855,972	$1,470,879	$-395,322
2022	$1,349,722	$1,102,911	$1,823,427	$246,811
2021	$1,364,892	$760,784	$1,575,443	$604,108
2020	$1,055,081	$749,367	$946,960	$305,714
2019	$1,362,508	$1,257,503	$719,196	$105,005
2018	$937,449	$917,386	$560,959	$20,063

THE FLATWATER FOUNDATON