FOR LOVE OF WATER (EIN 454370935) - 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

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.

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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 $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

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

$71,682

Total Directors

Key Employees

Highest Compensated

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

FOR LOVE OF WATER