GATHERING WATERS INC (EIN 391805090) - 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

1994

Legal Domicile

Principal Officer

MICHAEL CARLSON

Phone

6082519131

Tax Period

2024-01-01 to 2024-12-31

GATHERING WATERS INC, founded in 1994, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 4% surplus.

Mission

TO HELP LAND TRUSTS, LANDOWNERS, AND COMMUNITIES PROTECT THE PLACES THAT MAKE WISCONSIN SPECIAL.

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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 $1,236,443

Program Service Revenue $0

Investment Income $56,450

Other Revenue $0

TOTAL REVENUE $1,292,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $898,551

Fundraising Expenses $187,683

Program Expenses $914,618

Other Expenses $344,003

TOTAL EXPENSES $1,242,554

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,292,893	$1,199,090	+0.1%
Expenses	$1,242,554	$1,114,499	+0.1%
Net Income	$50,339	$84,591	-0.4%

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

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

$126,369

Total Directors

$15,094

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL ABRAHAMZON	CHAIR	1.00	Officer Director	$0	$0	$0
BECKY STEINHOFF	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
JEFF OTTUM	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROL FISHER	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHANIE VRABEC	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KOUTNIK	DIRECTOR (THRU JULY)	1.00	Director	$15,094	$0	$15,094
KEVIN THUSIUS	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA WISHART	DIRECTOR	1.00	Director	$0	$0	$0
MATT REETZ	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
MARJIE TOMTER	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE VAN HELDEN	DIRECTOR	1.00	Director	$0	$0	$0
KIERAN COE	DIRECTOR	1.00	Director	$0	$0	$0
KIM PEMBLE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CARLSON	EXECUTIVE DIRECTOR	40.00	Officer	$102,436	$23,933	$126,369

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	$1,292,893	$1,242,554	$1,744,136	$50,339
2023	$1,199,090	$1,114,499	$1,713,420	$84,591
2022	$1,184,314	$929,519	$1,617,127	$254,795
2021	$772,395	$797,605	$1,182,742	$-25,210
2020	$879,242	$678,679	$1,174,323	$200,563
2019	$812,537	$765,205	$943,808	$47,332
2018	$932,843	$764,890	$865,705	$167,953

GATHERING WATERS INC