FOR LOVE OF WATER

EIN: 454370935 501(c)(3) Environment

TRAVERSE CITY, MI

Total Revenue
$741,407
Total Expenses
$627,563
Total Assets
$2,798,569
Net Assets
$2,619,342
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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
MI
Principal Officer
LIZ KIRKWOOD
Phone
2319441568
Tax Period
2024-10-01 to 2025-03-31

FOR LOVE OF WATER, founded in 2011, is a small nonprofit in the Environment sector that reported $741K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $114K, a strong 15% operating margin.

Mission

ENSURING THE WATERS OF THE GREAT LAKES BASIN ARE HEALTHY, PUBLIC AND PROTECTED FOR ALL.

Program Service Accomplishments

Program 1
Expenses: $377,761

BRING AWARENESS TO ISSUES CONCERNING THE GREAT LAKES BASIN FRESH WATER SUPPLY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $703,543
Program Service Revenue $1,560
Investment Income $35,916
Other Revenue $388
TOTAL REVENUE $741,407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $399,237
Fundraising Expenses $116,271
Program Expenses $377,761
Other Expenses $228,326
TOTAL EXPENSES $627,563

Year-over-Year Comparison

2024 2023 Change
Revenue $741,407 $1,146,037 -0.4%
Expenses $627,563 $1,001,565 -0.4%
Net Income $113,844 $144,472 -0.2%
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
9
Independent Members
9
Employees
8
Volunteers
1

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
5
$71,682
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LIZ KIRKWOOD EXECUTIVE DI 40.00
Officer
$68,000 $3,682 $71,682
JOANNE COOK SECRETARY N/A
Officer Director
$0 $0 $0
JOEL EVENHOUSE TREASUER N/A
Officer Director
$0 $0 $0
DOUGLAS JESTER VICE CHAIR N/A
Officer Director
$0 $0 $0
SARAH NAPERALA CHAIR N/A
Officer Director
$0 $0 $0
KEITH SCHNEIDER DIRECTOR N/A
Director
$0 $0 $0
CRAIG SHARP DIRECTOR N/A
Director
$0 $0 $0
WENONA SINGEL DIRECTOR N/A
Director
$0 $0 $0
KATIE SULAU DIRECTOR N/A
Director
$0 $0 $0
MIKE VICKERY DIRECTOR N/A
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
2025 $741,407 $627,563 $2,798,569 $113,844
2024 $1,146,037 $1,001,565 $2,560,519 $144,472
2023 $2,064,243 $719,335 $2,424,210 $1,344,908
2022 $840,118 $715,691 $1,066,199 $124,427
2021 $861,344 $534,817 $1,065,208 $326,527
2021 $861,344 $624,569 $975,455 $236,775
2020 $868,592 $679,237 $832,814 $189,355
2019 $485,583 $492,399 $388,669 $-6,816
2018 $492,523 $399,229 $401,604 $93,294
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