MUSKEGON RIVER WATERSHED ASSEMBLY

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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

2000

Legal Domicile

Principal Officer

PAUL HAAN

Phone

2315912894

Tax Period

2024-01-01 to 2024-12-31

MUSKEGON RIVER WATERSHED ASSEMBLY, founded in 2000, is a community nonprofit in the Environment sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $959K left a modest 7% surplus.

Mission

THE MUSKEGON RIVER WATERSHED ASSEMBLY IS DEDICATED TO THE PRESERVATION, PROTECTION, RESTORATION, AND SUSTAINABLE USE OF THE MUSKEGON RIVER, THE LAND IT DRAINS, AND THE LIFE IT SUPPORTS, THROUGH EDUCATIONAL, SCIENTIFIC, AND CONSERVATION INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $738,239 Revenue: $73,407

RESEARCH, DEVELOPMENT, AND RESTORATION - THE MUSKEGON RIVER WATERSHED ASSEMBLY CONDUCTED RESEARCH AND IMPLEMENTED RESTORATION PROJECTS TO PROTECT AND IMPROVE THE MUSKEGON RIVER AND ITS SURROUNDING...

RESEARCH, DEVELOPMENT, AND RESTORATION - THE MUSKEGON RIVER WATERSHED ASSEMBLY CONDUCTED RESEARCH AND IMPLEMENTED RESTORATION PROJECTS TO PROTECT AND IMPROVE THE MUSKEGON RIVER AND ITS SURROUNDING ECOSYSTEMS. THE MUSKEGON RIVER WATERSHED ASSEMBLY IS DEDICATED TO THE PRESERVATION, PROTECTION, RESTORATION, AND SUSTAINABLE USE OF THE MUSKEGON RIVER. THE LAND IT DRAINS, AND THE LIFE IT SUPPORTS, THROUGH SCIENTIFIC, AND CONVSERVATION INITIATIVES.

Program 2

Expenses: $67,502

EDUCATION AND ENGAGEMENT - THE MUSKEGON RIVER WATERSHED ASSEMBLY PROVIDED EDUCATIONAL PROGRAMMING AND PUBLIC ENGAGEMENT INITIATIVES TO PROMOTE AWARENESS AND STEWARDSHIP OF THE MUSKEGON RIVER...

EDUCATION AND ENGAGEMENT - THE MUSKEGON RIVER WATERSHED ASSEMBLY PROVIDED EDUCATIONAL PROGRAMMING AND PUBLIC ENGAGEMENT INITIATIVES TO PROMOTE AWARENESS AND STEWARDSHIP OF THE MUSKEGON RIVER WATERSHED. ACTIVITIES INCLUDED WORKSHOPS, COMMUNITY EVENTS, AND OUTREACH EFFORTS FOCUSED ON SUSTAINABLE USE AND CONSERVATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $955,820

Program Service Revenue $73,407

Investment Income $1,786

Other Revenue $237

TOTAL REVENUE $1,031,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,544

Fundraising Expenses $1,302

Program Expenses $805,741

Other Expenses $776,681

TOTAL EXPENSES $959,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,031,250	$595,433	+0.7%
Expenses	$959,225	$571,272	+0.7%
Net Income	$72,025	$24,161	+2.0%

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

350

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

$58,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL HAAN	EXECUTIVE DI	40.00	Officer	$58,154	$0	$58,154
ARLENE ANDERSON-VINCENT	DIRECTOR	0.50	Director	$0	$0	$0
JON BUMSTEAD	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY EDWARDS	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL GABRION	CHAIR	2.00	Officer Director	$0	$0	$0
WAYNE GROESBECK	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE HEARTWELL	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD HOUTTEMAN	DIRECTOR	0.50	Director	$0	$0	$0
JIMMIE MITCHELL	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL SNAPPER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JONATHAN WILSON	SECRETARY	0.50	Officer Director	$0	$0	$0
DOUG WORKMAN	DIRECTOR	0.50	Director	$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
2024	$1,031,250	$959,225	$381,290	$72,025
2023	$595,433	$571,272	$283,936	$24,161
2022	$645,017	$656,013	$268,555	$-10,996
2022	$741,047	$681,334	$268,555	$59,713
2021	$277,350	$311,219	$163,371	$-33,869
2020	$210,842	$187,684	$169,322	$23,158
2019	$169,768	$222,638	$139,755	$-52,870
2018	$303,158	$350,887	$220,259	$-47,729