Tri-State Watershed Alliance Inc (EIN 461707299) - 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

Michael Werling

Phone

2604845848

Tax Period

2024-01-01 to 2024-12-31

Tri-State Watershed Alliance Inc, founded in 2012, is a small nonprofit in the Environment sector that reported $783K in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. Expenses of $738K left a modest 6% surplus.

Mission

To sustain healthy watersheds that support thriving communities and strong economies, demonstrated by improved water quality throughout the Maumee Watershed, through education, coordination, collaboration, and partnerships.

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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 $772,097

Program Service Revenue $9,992

Investment Income $32

Other Revenue $673

TOTAL REVENUE $782,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $737,129

Other Expenses $738,307

TOTAL EXPENSES $738,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$782,794	$373,983	+1.1%
Expenses	$738,307	$337,833	+1.2%
Net Income	$44,487	$36,150	+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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Werling	President	1.00	Officer Director	$0	$0	$0
Robert Gillespie resigned	Vice President	1.00	Officer Director	$0	$0	$0
Greg Lake	Treasurer	1.00	Officer Director	$0	$0	$0
Mikila Cook	Secretary	1.00	Officer Director	$0	$0	$0
Don Rekeweg	Director	1.00	Director	$0	$0	$0
Gabriel Curtis	Director	1.00	Director	$0	$0	$0
Kyle Quandt	Director	1.00	Director	$0	$0	$0
Eric Aschleman	Director	1.00	Director	$0	$0	$0
Tyler Shuman resigned	Director	1.00	Director	$0	$0	$0
Jen English resigned	Director	1.00	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	$782,794	$738,307	$121,563	$44,487
2023	$373,983	$337,833	$107,081	$36,150
2022	$219,669	$198,170	$68,736	$21,499

Tri-State Watershed Alliance Inc