TAMPA BAY WATCH INC

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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

1993

Legal Domicile

Principal Officer

DWAYNE VIRGINT

Phone

7278678166

Tax Period

2024-01-01 to 2024-12-31

TAMPA BAY WATCH INC, founded in 1993, is a community nonprofit in the Environment sector that reported $4.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $4.1M left a modest 4% surplus.

Mission

TAMPA BAY WATCH IS DEDICATED TO FOSTERING A HEALTHY TAMPA BAY WATERSHED THROUGH COMMUNITY-DRIVEN RESTORATION PROJECTS, EDUCATION PROGRAMS, AND OUTREACH INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $3,164,242 Revenue: $893,002

IN 2024, 3,406 VOLUNTEERS PARTICIPATED IN HANDS-ON HABITAT RESTORATION PROJECTS SUCH AS OYSTER REEF BALL CONSTRUCTION, OYSTER SHELL BAR INSTALLATIONS, COASTAL CLEANUPS, NATIVE PLANTINGS, AND FISHING LINE RECYCLINGS. THE RESTORATION DEPARTMENT SUCCESSFULLY RECYCLED 107,969 LBS OF WASTE OYSTER SHELL FROM LOCAL PARTNER RESTAURANTS. THIS RECYCLED SHELL IS USED TO CREATE OYSTER REEFS AND VERTICAL OYSTER GARDENS WHICH RESTORE LOST HABITAT, PREVENT EROSION, AND IMPROVE WATER QUALITY. THE EDUCATION TEAM ENGAGED 9,942 LOCAL STUDENTS THROUGH 552 ONSITE AND TRAVELING MARINE SCIENCE SCHOOL FIELD TRIPS. THE DISCOVERY CENTER'S ECO VESSEL EDUCATED 8,481 PEOPLE THROUGH EDUCATIONAL ECO TOURS. EARTH NIGHT WAS A SUCCESS AND TARPON RODEO HAD A RECORD 35 TEAMS. EVENING FOR THE BAY, OUR ANNUAL GALA IN NOVEMBER, WAS CANCELLED DUE TO HURRICANE DAMAGE, BUT WE HELD A SUCCESSFUL ONLINE AUCTION IN ITS PLACE. ALL FUNDS RAISED SUPPORT OUR MISSION TO RESTORE AND PROTECT THE TAMPA BAY WATERSHED.

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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 $2,998,563

Program Service Revenue $893,002

Investment Income $103,906

Other Revenue $316,324

TOTAL REVENUE $4,311,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,611,464

Fundraising Expenses $474,144

Program Expenses $3,164,242

Other Expenses $1,518,411

TOTAL EXPENSES $4,129,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,311,795	$3,631,416	+0.2%
Expenses	$4,129,875	$3,833,891	+0.1%
Net Income	$181,920	$-202,475	-1.9%

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

Volunteers

3406

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

$244,654

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARI JOHNSON	BOARD MEMBER	5.00	Director	$0	$0	$0
KEVIN KELSO	BOARD MEMBER	5.00	Director	$0	$0	$0
CAROL MARKS	BOARD MEMBER	5.00	Director	$0	$0	$0
TERRY MCCARTHY	BOARD MEMBER	5.00	Director	$0	$0	$0
MARY ANN RENFROW	BOARD MEMBER	5.00	Director	$0	$0	$0
STEVE STANLEY	BOARD MEMBER	5.00	Director	$0	$0	$0
MARK CHMIELEWSKI	BOARD MEMBER	5.00	Director	$0	$0	$0
CYNTHIA GOLDSMITH	BOARD MEMBER	5.00	Director	$0	$0	$0
LARRY WEINER	BOARD MEMBER	5.00	Director	$0	$0	$0
MIKE WILSON	CHAIR	5.00	Officer Director	$0	$0	$0
CHIP WEBSTER	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
TRAVIS PARKER	SECRETARY/TR	5.00	Officer Director	$0	$0	$0
DWAYNE VIRGINT	CEO	40.00	Officer	$113,366	$19,564	$132,930
PETER A CLARK	PRESIDENT /	40.00	Officer	$98,224	$13,500	$111,724

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	$4,311,795	$4,129,875	$7,412,459	$181,920
2023	$3,631,416	$3,833,891	$7,098,378	$-202,475
2022	$3,029,877	$3,245,169	$7,135,373	$-215,292
2021	$2,897,703	$2,592,766	$7,480,655	$304,937
2020	$3,077,019	$2,074,172	$7,135,035	$1,002,847
2019	$2,659,827	$1,701,504	$6,432,014	$958,323