Watermans Community Center

🔒

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

1997

Legal Domicile

Principal Officer

Christie Hallowell

Phone

2078672100

Tax Period

2024-10-01 to 2025-09-30

Watermans Community Center, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $337K, a strong 26% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $760,698 Revenue: $247,152

Theatrical productions continue to be an important part of Waterman's programing. During fiscal year 24.25 offerings included: North Haven Community School's (NHCS) autumn production of "Radium,"...

Theatrical productions continue to be an important part of Waterman's programing. During fiscal year 24.25 offerings included: North Haven Community School's (NHCS) autumn production of "Radium," fall afterschool program production of "Puss in Boots," table reading of "What the Constitution Means to Me," NHCS One Act Maine Principals' Competition entry: "Horrors," spring afterschool program production "moving to Movie Music:, 8th Biennial Spring Playwriting Festival, and Waterman's big summer production of "The Man Who Came to Dinner."Youth Programs: Laugh & Learn preschool, afterschool and other youth programs included Laugh & Learn Preschool for ages 1 to 5, Acting Out Afterschool Programs, Imagine That Afterschool Program, Kids' Nights Out, Middle School Nights Out, Mainland Mania, traditional Halloween party & gingerbread house decorating, and Summer Camps: School of Fish, Little Urchins and Arts & Adventures, and $21,000 grant to North Haven Community School supporting Arts Integration Programing in the school curriculum.General Events: Concerts, Lectures & discussion groups, presentations, art exhibits, movies, holiday parties and gatherings, workshops, community exhibit & silent auction, public gatherings in support of the arts, plays, arts expo exhibit, annual flower show, adult workshops, and more!

🔒

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 $885,689

Program Service Revenue $247,152

Investment Income $144,071

Other Revenue $29,093

TOTAL REVENUE $1,306,005

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $623,808

Fundraising Expenses $107,206

Program Expenses $760,698

Other Expenses $323,913

TOTAL EXPENSES $968,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,306,005	$1,445,065	-0.1%
Expenses	$968,721	$989,604	0.0%
Net Income	$337,284	$455,461	-0.3%

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

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

$98,487

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
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
Pamela Murphy	Director	1.00	Director	$0	$0	$0
Katherine Nix	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
Bill Trevaskis	Director	1.00	Director	$0	$0	$0
Christie Hallowell	Executive Director	40.00	Officer	$94,701	$3,786	$98,487

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	$1,306,005	$968,721	$5,292,899	$337,284
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