THE WATERSHED CENTER INC

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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

2007

Legal Domicile

Principal Officer

CARINNE LUCK

Phone

9178862852

Tax Period

2023-01-01 to 2023-12-31

THE WATERSHED CENTER INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $564K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $629K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO WORK WITH LOW-INCOME, UNDER-SERVED AND VULNERABLE COMMUNITIES, AS WELL AS OTHER NON-PROFIT CHARITABLE ORGANIZATIONS, SOCIAL JUSTICE GRASSROOTS GROUPS; AND SERVICE PROVIDES OF THESE COMMUNITIES BY PROVIDING, FACILITATING, AND MANAGING WORKSHOPS, EVENTS, CONFERENCES, TRAININGS AND RETREATS IN AREAS SUCH AS ADVOCACY SKILLS, LEADERSHIP DEVELOPMENT, JOB TRAINING, CAREER DEVELOPMENT, ARTS AND CULTURE, PERSONAL AND ECOLOGICAL HEALTH AND LIFE SKILLS. THE ORGANIZATION SEEKS TO PROVIDE ASSISTANCE NOT ONLY TO INDIVIDUALS BUT TO ORGANIZATIONS THAT HAVE BEEN ESTABLISHED TO REPRESENT AND HELP THE ABOVE DESCRIBED COMMUNITIES AND GROUPS AS WELL.

Program Service Accomplishments

Program 1

Expenses: $76,887 Revenue: $53,500

THE WATERSHED CENTER PROVIDES FISCAL SPONSORSHIP TO ALLOW ORGANIZATIONS AND INDIVIDUALS TO RAISE FUNDS FOR EMERGING PROGRAMS AND ORGANIZATIONS THAT ARE ALIGNED WITH ITS MISSION.

Program 2

Expenses: $458,705 Revenue: $253,840

THE WATERSHED CENTER FACILITATES WORKSHOPS, EVENTS, CONFERENCES, TRAININGS, AND RETREATS IN AREAS SUCH AS ADVOCACY SKILLS, LEADERSHIP, DEVELOPMENT, JOB TRAINING, CAREER DEVELOPMENT, AND LIFE SKILLS.

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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 $246,795

Program Service Revenue $307,340

Investment Income $9,699

Other Revenue $0

TOTAL REVENUE $563,834

Expense Breakdown

Grants Paid $470

Salaries & Benefits $240,184

Fundraising Expenses $4,804

Program Expenses $535,592

Other Expenses $387,863

TOTAL EXPENSES $628,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$563,834	$646,882	-0.1%
Expenses	$628,517	$739,277	-0.1%
Net Income	$-64,683	$-92,395	-0.3%

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

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

$31,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CELIA KUTZ	PRESIDENT	2.00	Director	$0	$0	$0
SONYA SHAH	TREASURER	1.00	Director	$0	$0	$0
THOMAS KRUISE	SECRETARY	1.00	Director	$0	$0	$0
ALONDA POWELL-JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GREGG OSOFSKY	OFFICER	40.00	Officer	$31,400	$0	$31,400

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	$563,834	$628,517	$1,209,558	$-64,683
2022	$646,882	$739,277	$1,283,000	$-92,395
2021	$724,217	$619,976	$596,652	$104,241
2020	$583,804	$514,879	$746,130	$68,925
2019	$586,768	$597,443	$775,219	$-10,675
2018	$550,918	$582,130	$526,525	$-31,212