THE GROUNDWATER FOUNDATION (EIN 311415293) - 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

1994

Legal Domicile

Principal Officer

TERRY MORSE

Phone

6148987791

Tax Period

2023-01-01 to 2023-12-31

THE GROUNDWATER FOUNDATION, founded in 1994, is a small nonprofit in the Education sector that reported $721K in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 30% operating margin.

Mission

EDUCATIONAL RESEARCH AND CHARITABLE ACTIVITIES RELATED TO GROUND WATER INDUSTRY.

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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 $569,942

Program Service Revenue $3,536

Investment Income $44,984

Other Revenue $102,214

TOTAL REVENUE $720,676

Expense Breakdown

Grants Paid $35,816

Salaries & Benefits $722

Fundraising Expenses $0

Program Expenses $173,648

Other Expenses $471,317

TOTAL EXPENSES $507,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$720,676	$357,445	+1.0%
Expenses	$507,855	$414,127	+0.2%
Net Income	$212,821	$-56,682	-4.8%

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

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

$262,161

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BOYETTE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
FRED ROTHAUGE	TREASURER	1.00	Officer Director	$0	$0	$0
JIM LOCOCO	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRY MORSE	NGWA CEO	5.00	Key Emp	$0	$26,824	$262,161

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	$720,676	$507,855	$2,328,928	$212,821
2022	$357,445	$414,127	$2,157,643	$-56,682
2021	$557,341	$192,464	$2,483,747	$364,877
2020	$173,821	$383,130	$1,891,304	$-209,309
2019	$324,064	$564,024	$1,909,524	$-239,960
2018	$240,303	$359,771	$1,711,130	$-119,468

THE GROUNDWATER FOUNDATION