WaterStone Supporting Org Trust 2

EIN: 454295983 501(c)(3) Religion

Colorado Springs, CO

Total Revenue
$7,473,878
Total Expenses
$162,821
Total Assets
$30,339,732
Net Assets
$30,339,732
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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
Legal Domicile
TX
Phone
7194474620
Tax Period
2023-01-01 to 2023-12-31

WaterStone Supporting Org Trust 2, founded in 2003, is a community nonprofit in the Religion sector that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.3M, a strong 98% operating margin.

Mission

Support the purpose of Christian Community Foundation DBA WaterStone

Program Service Accomplishments

Program 1

The Foundation is Organized and Operated to Support Christian Community Foundation dba WaterStone and other Public Charities whose work furthers WaterStone's purposes by receiving and managing...

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The Foundation is Organized and Operated to Support Christian Community Foundation dba WaterStone and other Public Charities whose work furthers WaterStone's purposes by receiving and managing charitable contributions to support those ministries.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,501,774
Program Service Revenue $0
Investment Income $2,972,104
Other Revenue $0
TOTAL REVENUE $7,473,878

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $162,821
TOTAL EXPENSES $162,821

Year-over-Year Comparison

2023 2022 Change
Revenue $7,473,878 $5,584,910 +0.3%
Expenses $162,821 $719,123 -0.8%
Net Income $7,311,057 $4,865,787 +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

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Governance

Voting Members
3
Independent Members
1
Employees
N/A
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
3
$591,022
Total Directors
3
$591,022
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rick VonGnechten Trustee 1.00
Officer Director
$0 $31,636 $314,456
Chris Start Trustee 1.00
Officer Director
$0 $42,008 $276,566
Richard Lavinski Trustee 1.00
Officer 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 No data No data No data No data
2023 $7,473,878 $162,821 $30,339,732 $7,311,057
2022 $5,584,910 $719,123 $25,511,145 $4,865,787
2021 $17,040,577 $136,245 $21,988,997 $16,904,332
2020 $17 $31,130 $5,084,665 $-31,113
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