THE WATERFALL FOUNDATION INC (EIN 582442068) - 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

SUZANNE SACKLEH

Phone

4042565865

Tax Period

2024-07-01 to 2025-06-30

THE WATERFALL FOUNDATION INC, founded in 2000, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $22.0M exceeded revenue, resulting in a 2007% operating deficit.

Mission

TO SERVE AS A SUPPORTING ORGANIZATION FOR OTHER CHARITABLE ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $256,452

Other Revenue $786,183

TOTAL REVENUE $1,042,635

Expense Breakdown

Grants Paid $21,180,045

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,180,045

Other Expenses $785,160

TOTAL EXPENSES $21,965,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,042,635	$1,853,226	-0.4%
Expenses	$21,965,205	$4,240,820	+4.2%
Net Income	$-20,922,570	$-2,387,594	+7.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN DRURY	TRUSTEE	0.50	Director	$0	$0	$0
WENDY MOORE	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL MASTERS	TRUSTEE	0.50	Officer Director	$0	$0	$0
SUZANNE SACKLEH	CHAIRMAN	15.00	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
2025	$1,042,635	$21,965,205	$-969,035	$-20,922,570
2024	$1,853,226	$4,240,820	$21,453,535	$-2,387,594
2023	$2,016,518	$4,527,433	$23,841,129	$-2,510,915
2022	$12,178,022	$3,942,238	$26,352,044	$8,235,784
2021	$467,284	$3,447,661	$17,781,141	$-2,980,377
2020	$2,988,792	$3,639,643	$21,021,429	$-650,851
2019	$4,010,752	$3,766,371	$20,093,415	$244,381

THE WATERFALL FOUNDATION INC