BLUE WATER DEVELOPMENTAL HOUSING INC (EIN 382140797) - 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

1976

Legal Domicile

Principal Officer

LISA BEEDON

Phone

8103881200

Tax Period

2023-10-01 to 2024-09-30

BLUE WATER DEVELOPMENTAL HOUSING INC, founded in 1976, is a mid-sized nonprofit in the Human Services sector that reported $14.3M in total revenue in fiscal year 2023.

Mission

ASSISTED LIVING FOR THE DEVELOPMENTALLY IMPAIRED.

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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 $425,567

Program Service Revenue $13,597,991

Investment Income $771

Other Revenue $243,935

TOTAL REVENUE $14,268,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,591,950

Fundraising Expenses $0

Program Expenses $12,763,928

Other Expenses $1,453,795

TOTAL EXPENSES $14,045,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,268,264	$14,623,658	0.0%
Expenses	$14,045,745	$14,807,749	-0.1%
Net Income	$222,519	$-184,091	-2.2%

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

325

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

$236,723

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE BRACKEN	DIRECTOR	0.38	Director	$0	$0	$0
MICHAEL CARRELL	DIRECTOR	0.38	Director	$0	$0	$0
ANNMARIE OTTOY	DIRECTOR	0.38	Director	$0	$0	$0
MALLORY SCHIEMAN	DIRECTOR	0.38	Director	$0	$0	$0
BONNIE BARRETT	SECRETARY	0.38	Officer	$0	$0	$0
KRISTINE EDIE	VICE PRESIDENT	0.38	Officer	$0	$0	$0
REBECCA CALDWELL	TREASURER	0.38	Officer	$0	$0	$0
KATHRINE JACKSON-DREWEK	PRESIDENT	0.38	Officer	$0	$0	$0
LISA BEEDON	EXECUTIVE DIRECTOR	40.00	Officer	$136,659	$9,248	$145,907
SUSAN YEAGER	FINANCE DIRECTOR	40.00	Officer	$80,763	$10,053	$90,816

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	$14,268,264	$14,045,745	$7,543,399	$222,519
2023	$14,623,658	$14,807,749	$7,380,238	$-184,091
2022	$13,180,365	$12,947,184	$6,966,714	$233,181
2021	$13,592,557	$11,751,815	$7,021,558	$1,840,742
2020	$11,243,181	$11,086,271	$6,426,894	$156,910
2019	$9,031,685	$8,982,655	$4,303,993	$49,030
2018	$8,011,354	$7,882,546	$4,124,204	$128,808

BLUE WATER DEVELOPMENTAL HOUSING INC