WATERFRONT ACADEMY INC

EIN: 463752549 501(c)(3)

WASHINGTON, DC

Total Revenue
$462,093
Total Expenses
$536,060
Total Assets
$37,202
Net Assets
$-66,960
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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
2014
Legal Domicile
DC
Phone
2024840044
Tax Period
2020-01-01 to 2020-12-31

WATERFRONT ACADEMY INC, founded in 2014, is a small nonprofit that reported $462K in total revenue in fiscal year 2020. Expenses of $536K exceeded revenue, resulting in a 16% operating deficit.

Mission

MONTESSORI STYLE SCHOOL SERVING TODDLERS THRU 8TH GRADE

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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 (2020)

Revenue Breakdown

Contributions & Grants $545
Program Service Revenue $461,522
Investment Income $26
Other Revenue $0
TOTAL REVENUE $462,093

Expense Breakdown

Grants Paid $0
Salaries & Benefits $404,163
Fundraising Expenses $0
Program Expenses $430,388
Other Expenses $131,897
TOTAL EXPENSES $536,060

Year-over-Year Comparison

2020 2019 Change
Revenue $462,093 $440,712 +0.0%
Expenses $536,060 $564,511 -0.1%
Net Income $-73,967 $-123,799 -0.4%
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
3
Employees
12
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
$58,173
Total Directors
4
$58,173
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA ROHAN PRESIDENT 50.00
Officer Director
$58,173 $0 $58,173
NICK RIGAS TREASURER 2.00
Officer Director
$0 $0 $0
ANN ROBERTON DIRECTOR 2.00
Director
$0 $0 $0
KATE ABBOT SECRETARY 2.00
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
2020 $462,093 $536,060 $37,202 $-73,967
2019 $440,712 $564,511 $7,007 $-123,799
2018 $828,015 $610,551 $130,806 $217,464
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