WATSI INC (EIN 453236734) - 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

2011

Legal Domicile

Principal Officer

MACKINNON ENGEN

Phone

2567928747

Tax Period

2024-01-01 to 2024-12-31

WATSI INC, founded in 2011, is a community nonprofit in the Health Care sector that reported $2.3M in total revenue in fiscal year 2024.

Mission

WATSI, INC. IS A SAN FRANCISCO-BASED 501(C(3) NON-PROFIT ORGANIZATION THAT BUILDS TECHNOLOGY TO FINANCE HEALTHCARE FOR PATIENTS AROUND THE WORLD. CROWDFUNDING FOR HEALTHCARE IS DELIVERED TO PATIENTS THROUGH GLOBAL MEDICAL PARTNERS.

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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 $2,265,487

Program Service Revenue $0

Investment Income $31

Other Revenue $2,593

TOTAL REVENUE $2,268,111

Expense Breakdown

Grants Paid $1,590,627

Salaries & Benefits $616,708

Fundraising Expenses $200,260

Program Expenses $2,055,429

Other Expenses $275,565

TOTAL EXPENSES $2,482,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,268,111	$2,235,950	+0.0%
Expenses	$2,482,900	$1,923,645	+0.3%
Net Income	$-214,789	$312,305	-1.7%

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

$333,107

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET CORNELIUS	CHAIR	1.00	Officer Director	$0	$0	$0
CHASE ADAM	DIRECTOR	1.00	Director	$0	$0	$0
GRACE GAREY	DIRECTOR	1.00	Director	$0	$0	$0
RAJ MALIK	DIRECTOR	1.00	Director	$0	$0	$0
DR MAHLET KIFLE HABTEMARIAM	DIRECTOR (LEFT 2/24)	1.00	Director	$0	$0	$0
MACKINNON ENGEN	EXECUTIVE DIRECTOR	40.00	Officer	$159,179	$63,812	$222,991
KEENYN MCFARLANE	CFO	20.00	Officer	$60,231	$49,885	$110,116

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	$2,268,111	$2,482,900	$2,244,629	$-214,789
2023	$2,235,950	$1,923,645	$2,388,424	$312,305
2022	$1,588,745	$1,762,277	$2,178,054	$-173,532
2021	$1,638,634	$1,506,874	$2,349,677	$131,760
2020	$1,540,741	$1,569,335	$2,405,234	$-28,594
2019	$2,443,410	$3,844,774	$2,150,384	$-1,401,364
2018	$5,597,192	$3,524,399	$3,736,564	$2,072,793

WATSI INC