WATERFRONT RESCUE MISSION INC

EIN: 590838106 501(c)(3) Housing & Shelter

PENSACOLA, FL

Total Revenue
$15,985,109
Total Expenses
$14,015,610
Total Assets
$29,657,399
Net Assets
$25,567,391
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
FL
Principal Officer
CLAY ROMANO
Phone
8504784027
Tax Period
2024-01-01 to 2024-12-31

WATERFRONT RESCUE MISSION INC, founded in 1949, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.0M in total revenue in fiscal year 2024. Expenses of $14.0M left a modest 12% surplus.

Mission

DEMONSTRATING GOD'S GOODNESS BY PROVIDING RESCUE AND RECOVERY SERVICES IN JESUS' NAME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $14,575,216
Program Service Revenue $587,046
Investment Income $652,094
Other Revenue $170,753
TOTAL REVENUE $15,985,109

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,801,921
Fundraising Expenses $936,286
Program Expenses $11,749,443
Other Expenses $5,687,274
TOTAL EXPENSES $14,015,610

Year-over-Year Comparison

2024 2023 Change
Revenue $15,985,109 $15,026,701 +0.1%
Expenses $14,015,610 $13,165,810 +0.1%
Net Income $1,969,499 $1,860,891 +0.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
483
Volunteers
1493

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
8
$419,516
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILL SCOTT CHAIRMAN 1.00
Officer Director
$0 $0 $0
DEKENDELL YOUNG VICE CHAIRMA 1.00
Officer Director
$0 $0 $0
ERIC BOSTWICK TREASURER 1.00
Officer Director
$0 $0 $0
JOY POWELL SECRETARY 1.00
Officer Director
$0 $0 $0
JERRY MAYGARDEN DEVELOPMENT 1.00
Officer Director
$0 $0 $0
LONNIE SMITH MINISTRY LIA 1.00
Director
$0 $0 $0
RAY MILLET BOARD MEMBER 1.00
Director
$0 $0 $0
AARON MCCURDY BOARD MEMBER 1.00
Director
$0 $0 $0
PASTOR LONNIE WESLEY BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW PORTER BOARD MEMBER 1.00
Director
$0 $0 $0
PHILLIP L WRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
CLAY ROMANO PRESIDENT 40.00
Officer
$170,489 $31,560 $202,049
DANNY PIPKINS VP OF OPERAT 40.00
Officer
$110,667 $16,800 $127,467
ANDREW BRANTLEY VP OF FINANC 40.00
Officer
$90,000 $0 $90,000
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 $15,985,109 $14,015,610 $29,657,399 $1,969,499
2023 $15,026,701 $13,165,810 $28,641,273 $1,860,891
2022 $14,851,303 $11,885,502 $27,565,338 $2,965,801
2021 $19,399,994 $10,541,126 $22,275,311 $8,858,868
2020 $6,839,170 $9,408,702 $14,377,672 $-2,569,532
2019 $11,825,406 $11,741,224 $16,139,083 $84,182
2018 $10,877,760 $10,779,044 $16,299,683 $98,716
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