WATERFALL FOUNDATION (EIN 541980898) - 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

2000

Legal Domicile

Principal Officer

EILEEN VAN WYHE

Phone

9073786528

Tax Period

2023-01-01 to 2023-12-31

WATERFALL FOUNDATION, founded in 2000, is a small nonprofit in the Human Services sector that reported $485K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 40% operating margin.

Mission

TO RAISE AWARENESS AND MONEY FOR HEALTH CARE ISSUES IN ALASKA.

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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 $550,974

Program Service Revenue $0

Investment Income $247

Other Revenue $-66,533

TOTAL REVENUE $484,688

Expense Breakdown

Grants Paid $230,000

Salaries & Benefits $41,000

Fundraising Expenses $0

Program Expenses $230,000

Other Expenses $17,979

TOTAL EXPENSES $288,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$484,688	$275,720	+0.8%
Expenses	$288,979	$283,407	+0.0%
Net Income	$195,709	$-7,687	-26.5%

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

$36,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY MURKOWSKI	HONORARY CHAIR	0.25	Director	$0	$0	$0
MARILYN ROMANO	BOARD MEMBER	0.25	Director	$0	$0	$0
SAM KITO	BOARD MEMBER	0.25	Director	$0	$0	$0
JOEL GILBERTSON	PRESIDENT	0.25	Officer Director	$0	$0	$0
ANDREW LUNDQUIST	VICE-PRESIDENT	0.25	Officer Director	$0	$0	$0
JOSEPH EVERHART	TREASURER	0.25	Officer Director	$0	$0	$0
JOHN MINGE	BOARD MEMBER	0.25	Director	$0	$0	$0
KRISS KNAUSS	BOARD MEMBER	0.25	Director	$0	$0	$0
EILEEN VAN WYHE	EX. DIRECTOR/SECR.	14.00	Officer	$36,000	$0	$36,000

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	No data	No data	No data	No data
2023	$484,688	$288,979	$295,924	$195,709
2022	$275,720	$283,407	$105,215	$-7,687
2021	$267,808	$249,791	$97,402	$18,017
2020	$98,470	$203,973	$66,385	$-105,503
2019	$310,533	$295,058	$165,390	$15,475
2018	$239,545	$289,247	$156,415	$-49,702

WATERFALL FOUNDATION