WATER SCIENCE INSTITUTE

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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

2016

Legal Domicile

Principal Officer

JOSEPH SWEENEY

Phone

7175792514

Tax Period

2023-01-01 to 2023-12-31

WATER SCIENCE INSTITUTE, founded in 2016, is a small nonprofit in the Environment sector that reported $145K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $199K exceeded revenue, resulting in a 38% operating deficit.

Mission

WATER SCIENCE INSTITUTE PROMOTES THE SUSTAINABLE, SCIENCE-BASED BENEFITS OF PROJECTS AVAILABLE, CLEAR WATER THROUGH CONSERVATION, RESTORATION, AND EXPLORATION.

Program Service Accomplishments

Program 1

Expenses: $113,993 Revenue: $95,540

THE THREE LARGEST PROGRAM SERVICES ARE FROM CONTRIBUTED REVENUE PROVIDED BY THE LANCASTER COUNTY CLEAN WATER, NATIONAL RESOURCES CONSERVATION SERVICES AND RJH CONSULTANTS, INC.

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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 $144,856

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $144,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,912

Fundraising Expenses $0

Program Expenses $113,993

Other Expenses $174,303

TOTAL EXPENSES $199,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,856	$112,423	+0.3%
Expenses	$199,215	$173,118	+0.2%
Net Income	$-54,359	$-60,695	-0.1%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDAN SHANE	PRESIDENT	1.00	Director	$0	$0	$0
DOUGLAS SMITH	VICE PRESIDENT, TREASURER	1.00	Director	$0	$0	$0
CATHLEEN MYERS	SECRETARY	1.00	Director	$0	$0	$0
MARTIN SIEGEL	ALT SECRETARY	1.00	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	$144,856	$199,215	$17,954	$-54,359
2022	$112,423	$173,118	$94,816	$-60,695
2021	$144,528	$172,481	$172,785	$-27,953
2020	$176,117	$186,423	$213,630	$-10,306
2019	$335,111	$235,133	$164,112	$99,978
2018	$345,604	$291,902	$86,472	$53,702