WATERMAN COMMUNITIES INC (EIN 592867652) - 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

1987

Legal Domicile

Principal Officer

ANDREW DUJON

Phone

3523830051

Tax Period

2023-10-01 to 2024-09-30

WATERMAN COMMUNITIES INC, founded in 1987, is a mid-sized nonprofit in the Human Services sector that reported $48.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $54.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE HOUSING, HEALTHCARE AND OTHER SERVICES TO THE ELDERLY.

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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 $35,036

Program Service Revenue $47,078,409

Investment Income $1,060,779

Other Revenue $0

TOTAL REVENUE $48,174,224

Expense Breakdown

Grants Paid $113,134

Salaries & Benefits $22,749,338

Fundraising Expenses $0

Program Expenses $48,525,730

Other Expenses $31,203,221

TOTAL EXPENSES $54,065,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,174,224	$42,133,630	+0.1%
Expenses	$54,065,693	$52,473,810	+0.0%
Net Income	$-5,891,469	$-10,340,180	-0.4%

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

678

Volunteers

156

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

$920,641

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MCEWEN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
TOM POPIESKI	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
KIM STEWART	TREASURER	2.00	Officer Director	$0	$0	$0
CATHERINE HOESCHST	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD LEIGH	DIRECTOR	2.00	Director	$0	$0	$0
BOBBY ROWE	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW DUJON	PRESIDENT/CEO	40.00	Officer	$393,012	$49,161	$442,173
DAVID NWOGU	VICE PRESIDENT/COO	40.00	Officer	$203,806	$44,264	$248,070
HEARDLEY MURDOCK	VICE PRESIDENT/CFO	40.00	Officer	$194,852	$35,546	$230,398
THERESE KIRLEW	HOME CARE ADMINISTRATOR	40.00	Highest	$159,897	$19,504	$179,401
SANDRA VAN SYCKEL	RISK MANAGER	40.00	Highest	$121,991	$63,060	$185,051
TITO ARDINES	HR DIRECTOR, RN	40.00	Highest	$130,405	$31,444	$161,849
JEFFREY BASSETT	MARKETING DIRECTOR	40.00	Highest	$126,755	$29,999	$156,754
ABE W ZIMMERMAN	MARKETING MANAGER	40.00	Highest	$106,893	$29,213	$136,106

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	$48,174,224	$54,065,693	$133,204,295	$-5,891,469
2023	$42,133,630	$52,473,810	$142,337,644	$-10,340,180
2022	$32,212,693	$36,996,543	$151,358,588	$-4,783,850
2021	$31,351,619	$32,378,956	$148,398,473	$-1,027,337
2020	$30,714,595	$31,556,366	$47,781,091	$-841,771
2019	$31,203,246	$32,035,703	$43,909,298	$-832,457
2018	$32,471,142	$33,076,677	$34,849,591	$-605,535

WATERMAN COMMUNITIES INC