OPEN WATER FOUNDATION

EIN: 462676240 501(c)(3) Environment

FORT COLLINS, CO

Total Revenue
$45,650
Total Expenses
$49,473
Total Assets
$547
Net Assets
$547
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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
2013
Legal Domicile
CO
Principal Officer
Steve Malers
Phone
9702867439
Tax Period
2024-01-01 to 2024-12-31

OPEN WATER FOUNDATION, founded in 2013, is a micro nonprofit in the Environment sector that reported $46K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring.

Mission

The Open Water Foundation develops and supports open source software and open data solutions to make better decisions about water resources.

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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 $50
Program Service Revenue $45,600
Investment Income $0
Other Revenue $0
TOTAL REVENUE $45,650

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,335
Fundraising Expenses $1,203
Program Expenses $21,879
Other Expenses $19,138
TOTAL EXPENSES $49,473

Year-over-Year Comparison

2024 2023 Change
Revenue $45,650 $107,594 -0.6%
Expenses $49,473 $107,872 -0.5%
Net Income $-3,823 $-278 +12.8%
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
4
Independent Members
4
Employees
1
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
0
$0
Total Directors
2
$28,000
Key Employees
1
$28,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Malers CEO 7
Director Key Emp Highest
$28,000 $0 $28,000
Todd Doherty Board President 0
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 $45,650 $49,473 $547 $-3,823
2023 $107,594 $107,872 $5,771 $-278
2022 $133,912 $165,568 $6,627 $-31,656
2021 $296,958 $252,413 $41,126 $44,545
2020 $154,683 $173,228 $24,354 $-18,545
2019 $204,151 $213,685 $10,367 $-9,534
2018 $364,299 $352,043 $34,145 $12,256
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