WATER STREET GLASSWORKS

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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

2003

Principal Officer

LAURIE MEFFORD

Phone

2699255555

Tax Period

2024-01-01 to 2024-12-31

WATER STREET GLASSWORKS, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $295K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE TRAINING AND EDUCATION RELATED TO THE GLASS ARTS AND PUBLIC ACCESS TO ART STUDIOS AND GALLERIES.

Program Service Accomplishments

Program 1

Expenses: $167,230

TO PROVIDE TRAINING AND EDUCATION RELATED TO THE GLASS ARTS. ALSO PROVIDE ACCESS TO ART STUDIOS AND GALLERIES.

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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 $55,086

Program Service Revenue $138,830

Investment Income $1,129

Other Revenue $100,454

TOTAL REVENUE $295,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,211

Fundraising Expenses $0

Program Expenses $302,336

Other Expenses $160,249

TOTAL EXPENSES $318,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$295,499	$380,019	-0.2%
Expenses	$318,460	$425,795	-0.3%
Net Income	$-22,961	$-45,776	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRIS BOWMAN-WATTS	DIRECTOR	N/A	Officer Director	$0	$0	$0
LYLE GURD	DIRECTOR	N/A	Officer Director	$0	$0	$0
ASHLEY JAGER	DIRECTOR	N/A	Officer Director	$0	$0	$0
ANGELA LABARCA	DIRECTOR	N/A	Officer Director	$0	$0	$0
ANNE ODDEN	DIRECTOR	N/A	Officer Director	$0	$0	$0
CHRIS SVAB	DIRECTOR	N/A	Officer Director	$0	$0	$0
JACQUIE JOHNSON	VICE PRESIDE	N/A	Officer	$0	$0	$0
LAURIE MEFFORD	PRESIDENT	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
2024	$295,499	$318,460	$223,812	$-22,961
2023	$380,019	$425,795	$253,886	$-45,776
2022	$334,817	$347,704	$285,697	$-12,887
2021	$388,869	$325,330	$295,501	$63,539
2020	$385,002	$263,950	$227,347	$121,052
2019	$299,933	$265,285	$101,586	$34,648
2018	$191,711	$162,515	$65,292	$29,196