Watershed High School (EIN 470858757) - 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

2002

Legal Domicile

Principal Officer

Carissa Anderson

Phone

6128714363

Tax Period

2023-07-01 to 2024-06-30

Watershed High School, founded in 2002, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $290K, a strong 23% operating margin.

Mission

Empower students to grow socially and academically in safe, flexible, supportive environment.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,169,218

Program Service Revenue $0

Investment Income $10,841

Other Revenue $79,963

TOTAL REVENUE $1,260,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $561,157

Fundraising Expenses $0

Program Expenses $732,911

Other Expenses $408,513

TOTAL EXPENSES $969,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,260,022	$1,009,896	+0.2%
Expenses	$969,670	$978,378	0.0%
Net Income	$290,352	$31,518	+8.2%

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

$54,518

Total Directors

$99,775

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carissa Anderson	Board Chair	2.00	Officer Director	$0	$0	$0
Ryan Cooper	Member and Teacher	42.00	Director	$42,510	$7,543	$50,053
Tim Nelson	Secretary	2.00	Officer Director	$0	$0	$0
Hayley Grey	Member and Teacher	42.00	Director	$45,969	$3,753	$49,722
Patrick McLaughlin	Member	2.00	Director	$0	$0	$0
Elizabeth Kneip	Executive Director	45.00	Officer	$47,481	$7,037	$54,518

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	$1,260,022	$969,670	$990,373	$290,352
2023	$1,009,896	$978,378	$479,524	$31,518
2022	$966,707	$812,056	$720,999	$154,651
2021	$858,496	$832,495	$655,758	$26,001
2020	$835,610	$906,031	$835,241	$-70,421
2019	$1,031,230	$843,569	$957,429	$187,661

Watershed High School