Waterford WISP Incorporated

EIN: 542123579 501(c)(3) Arts, Culture & Humanities

WATERFORD, VA

Total Revenue
N/A
Total Expenses
$2,296
Total Assets
$6,846
Net Assets
$6,846
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
VA
Principal Officer
A Bruce Cleveland
Phone
5408824911
Tax Period
2024-01-01 to 2024-12-31

Waterford WISP Incorporated, founded in 2003, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $2K in total revenue in fiscal year 2020. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $5K exceeded revenue, resulting in a 113% operating deficit.

Mission

Acts as a supporting organization for the Waterford Foundation Inc a publicly supported Section 501c3 organization

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,296
TOTAL EXPENSES $2,296

Year-over-Year Comparison

2024 2023 Change
Revenue N/A $568 -1.0%
Expenses $2,296 $27 +84.0%
Net Income N/A $541 N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
5

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
A BRUCE CLEVELAND Treasurer Director 0.00
Officer Director
$0 $0 $0
JAMES A SUTTON President Director 0.00
Officer Director
$0 $0 $0
JOSEPH M GOODE Director 0.00
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 No data $2,296 $6,846 No data
2023 $568 $27 $9,142 $541
2022 No data $1,118 $8,601 No data
2021 $551 $1,035 $9,719 $-484
2020 $2,354 $5,025 $10,203 $-2,671
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