Friends of Waters

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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

2006

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Friends of Waters, founded in 2006, is a small nonprofit in the Education sector that reported $256K in total revenue in fiscal year 2023. Expenses of $241K left a modest 6% surplus.

Mission

Support programs and build community at Waters Elementary School, Chicago, IL

Program Service Accomplishments

Program 1

Expenses: $206,631

Arts and Music programming, aides and supplies and other school enhancements in support of Waters Elementary

Program 2

Expenses: $5,269

Direct assistance for families experiencing hardship at Waters Elementary including emergency assistance and school fees

Program 3

Expenses: $4,789

Community events for Waters families

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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 $255,619

Program Service Revenue $0

Investment Income $1

Other Revenue $363

TOTAL REVENUE $255,983

Expense Breakdown

Grants Paid $216,689

Salaries & Benefits $0

Fundraising Expenses $5,929

Program Expenses $216,689

Other Expenses $23,987

TOTAL EXPENSES $240,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$255,983	$239,370	+0.1%
Expenses	$240,676	$240,772	0.0%
Net Income	$15,307	$-1,402	-11.9%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michele Rush	Volunteer cordinator	10.00	Director	$0	$0	$0
Sarah Anderson	Community and Events co-chair	10.00	Director	$0	$0	$0
Kristina Farrell	Communications co-chair	10.00	Director	$0	$0	$0
Renee Butala	Communications co-chair	10.00	Director	$0	$0	$0
Kristin Hanson	Community and Events co-chair	10.00	Director	$0	$0	$0
Jesse Brannan	Co-Treasurer	10.00	Director	$0	$0	$0
Lucy Hannah	President	10.00	Officer	$0	$0	$0
Sandra Pena	Vice President	10.00	Officer	$0	$0	$0
Samuel Kaune	Co-Treasurer	10.00	Officer	$0	$0	$0
Sarah Miller	Secretary	10.00	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
2025	No data	No data	No data	No data
2024	$255,983	$240,676	$270,242	$15,307
2023	$239,370	$240,772	$254,935	$-1,402
2022	$202,763	$246,537	$256,337	$-43,774
2021	$121,222	$172,461	$300,111	$-51,239
2020	$230,552	$195,598	$351,350	$34,954