BIG WATERS FEDERATION

EIN: 363948763 501(c)(3) Human Services

MOUNT PROSPECT, IL

Total Revenue
$203,976
Total Expenses
$196,545
Total Assets
$50,845
Net Assets
$50,845
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IL
Principal Officer
MICHAEL CANAVINO
Phone
8472964718
Tax Period
2024-07-01 to 2025-06-30

BIG WATERS FEDERATION, founded in 1994, is a small nonprofit in the Human Services sector that reported $204K in total revenue in fiscal year 2024. Expenses of $197K left a modest 4% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION SHALL BE: TO FOSTER THE COMPANIONSHIP OR PARENTS AND CHILDREN THROUGH THE GROWTH OF FAMILIES & TRIBES AND, TO IMPLEMENT THE SHARING OF IDEAS ABOUT PROGRAMS & POLICIES WHICH WILL BE MUTUALLY BENEFICIAL TO ALL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $500
Program Service Revenue $203,095
Investment Income $381
Other Revenue $0
TOTAL REVENUE $203,976

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,315
Fundraising Expenses $0
Program Expenses $196,545
Other Expenses $175,230
TOTAL EXPENSES $196,545

Year-over-Year Comparison

2024 2023 Change
Revenue $203,976 $194,654 +0.0%
Expenses $196,545 $192,593 +0.0%
Net Income $7,431 $2,061 +2.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
N/A
Employees
1
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CANAVINO PRESIDENT N/A
Officer
$0 $0 $0
JAY NELSON TREASURER N/A
Officer
$0 $0 $0
JEFF WERY VICE PRESIDE N/A
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 $203,976 $196,545 $50,845 $7,431
2020 $146,566 $140,145 $54,238 $6,421
2019 $218,378 $222,835 $47,817 $-4,457
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