Watermans Community Center (EIN 311562189) - 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

1997

Legal Domicile

Principal Officer

Christie Hallowell

Phone

2078672100

Tax Period

2023-10-01 to 2024-09-30

Watermans Community Center, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $455K, a strong 32% operating margin.

Mission

Provide arts & enrichment programs & experiences for North Haven community members of all ages

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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 $1,091,720

Program Service Revenue $252,028

Investment Income $68,820

Other Revenue $32,497

TOTAL REVENUE $1,445,065

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $636,327

Fundraising Expenses $112,718

Program Expenses $763,773

Other Expenses $333,277

TOTAL EXPENSES $989,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,445,065	$1,120,095	+0.3%
Expenses	$989,604	$825,374	+0.2%
Net Income	$455,461	$294,721	+0.5%

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

185

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

$87,030

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alison Cabot	President	1.00	Officer Director	$0	$0	$0
Mark Stein	Vice President	1.00	Officer Director	$0	$0	$0
Don Munro	Treasurer	1.00	Officer Director	$0	$0	$0
Joe Stone	Secretary	1.00	Officer Director	$0	$0	$0
Lydia Brown	Director	1.00	Director	$0	$0	$0
Melinda Cheston	Director	1.00	Director	$0	$0	$0
Bruce Gilman	Director	1.00	Director	$0	$0	$0
David Hopkins	Director	1.00	Director	$0	$0	$0
Eva Hopkins	Director	1.00	Director	$0	$0	$0
Jason Mann	Director	1.00	Director	$0	$0	$0
Mel Mooney	Director	1.00	Director	$0	$0	$0
Shaunagh Robbins	Director	1.00	Director	$0	$0	$0
Katherine Shiatis	Director	1.00	Director	$0	$0	$0
Jean Tom	Director	1.00	Director	$0	$0	$0
Mary White	Director	1.00	Director	$0	$0	$0
Christie Hallowell	Executive Director	40.00	Officer	$83,685	$3,345	$87,030

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	$1,445,065	$989,604	$4,703,099	$455,461
2023	$1,120,095	$825,374	$3,783,573	$294,721
2022	$924,284	$753,183	$3,347,734	$171,101
2021	$968,561	$611,540	$3,507,014	$357,021
2020	$570,258	$499,591	$3,096,274	$70,667
2019	$707,210	$602,140	$3,006,760	$105,070
2018	$541,218	$603,877	$2,883,654	$-62,659

Watermans Community Center