Inwater Research Group Inc (EIN 651090322) - 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

2001

Legal Domicile

Principal Officer

Michael Bresette

Phone

7723495905

Tax Period

2024-01-01 to 2024-12-31

Inwater Research Group Inc, founded in 2001, is a community nonprofit in the Science & Technology sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 6% surplus.

Mission

IRG'S MISSION IS TO PROVIDE THE SCIENTIFIC COMMUNITY AND THE GENERAL PUBLIC WITH INFORMATION TO PROMOTE CONSERVATION OF COASTAL AND MARINE SPECIES AND THEIR HABITATS.

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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 $466,059

Program Service Revenue $1,344,731

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,810,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $864,373

Fundraising Expenses $6,687

Program Expenses $1,385,023

Other Expenses $834,824

TOTAL EXPENSES $1,699,197

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,810,790	$1,370,580	+0.3%
Expenses	$1,699,197	$1,253,533	+0.4%
Net Income	$111,593	$117,047	0.0%

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

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

$156,199

Total Directors

$157,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Bresette	President	40.00	Officer Director	$102,005	$0	$102,005
Blair Witherington	Vice President	20.00	Officer Director	$32,976	$0	$32,976
Carrie Keske	Treasurer	20.00	Officer Director	$21,218	$0	$21,218
Dave Clark	Director	1.00	Director	$1,496	$0	$1,496
Dean Bagley	Vice President	1.00	Officer Director	$0	$0	$0
Steve Traxler	Secretary	1.00	Officer Director	$0	$0	$0
Anne Birch	Director	1.00	Director	$0	$0	$0
Keith Sahm	Director	1.00	Director	$0	$0	$0
Rachel Smith	Director	1.00	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	$1,810,790	$1,699,197	$523,129	$111,593
2023	$1,370,580	$1,253,533	$423,974	$117,047
2023	$1,370,580	$1,253,533	$423,974	$117,047
2022	$940,339	$870,118	$269,706	$70,221
2022	$940,339	$870,118	$269,706	$70,221
2021	$1,026,199	$891,741	$197,337	$134,458
2021	$1,026,199	$891,741	$197,337	$134,458
2020	$721,464	$713,399	$169,929	$8,065
2018	$692,951	$750,599	$70,208	$-57,648
2018	$692,951	$750,599	$70,208	$-57,648

Inwater Research Group Inc