WATERSTONE SUPPORTING ORGANIZATION TRUST 1 (EIN 454295864) - 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

2012

Legal Domicile

Principal Officer

RICHARD VON GNECHTEN

Phone

7194474620

Tax Period

2024-01-01 to 2024-12-31

WATERSTONE SUPPORTING ORGANIZATION TRUST 1, founded in 2012, is a mid-sized nonprofit in the Community Improvement sector that reported $61.8M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $38.3M, a strong 62% operating margin.

Mission

SUPPORT THE PURPOSES OF CHRISTIAN COMMUNITY FOUNDATION DBA WATERSTONE.

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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 $46,957,644

Program Service Revenue $0

Investment Income $13,085,814

Other Revenue $1,748,558

TOTAL REVENUE $61,792,016

Expense Breakdown

Grants Paid $21,637,722

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,637,722

Other Expenses $1,847,186

TOTAL EXPENSES $23,484,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,792,016	$82,555,170	-0.3%
Expenses	$23,484,908	$25,297,765	-0.1%
Net Income	$38,307,108	$57,257,405	-0.3%

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

N/A

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

Total Directors

$652,869

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD LAVINSKI	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD VON GNECHTEN	TRUSTEE	1.00	Director	$0	$22,066	$348,525
CHRIS START	TRUSTEE	1.00	Director	$0	$29,044	$304,344

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	$61,792,016	$23,484,908	$235,579,666	$38,307,108
2023	$82,555,170	$25,297,765	$150,327,642	$57,257,405
2022	$121,997,589	$47,538,157	$86,237,462	$74,459,432
2021	$77,364,111	$39,517,200	$40,765,931	$37,846,911
2020	$28,548,386	$18,143,532	$36,727,249	$10,404,854

WATERSTONE SUPPORTING ORGANIZATION TRUST 1