Watershed Conservation Resource Ce… - Form 990 Financial Data

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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

Principal Officer

Sandi Formica

Phone

4794441916

Tax Period

2023-01-01 to 2023-12-31

Watershed Conservation Resource Center is a community nonprofit in the Environment sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum.

Mission

Watershed conservation and education.

Program Service Accomplishments

Program 1

Expenses: $2,900,000

The WCRC performed survey, restoration design, and implementation services to the USDA NRCS through the PL566 program. The WCRC was awarded a contract to perform activities that restored the natural form and function of the WFWR. Ecological services and water quality was improved. The work reduced sediment and nutrient inputs into Beaver Lake, the drinking water supply in Northwest Arkansas. The project improved recreation opportunities along the river, enhancing quality of life for residents in Northwest Arkansas.

Program 2

Expenses: $938,273 Revenue: $1,030,700

The WCRC work on many projects related to the core mission of the organization.? This work included a variety of stream restoration projects.? The goals of the work is to improve water quality and...

The WCRC work on many projects related to the core mission of the organization.? This work included a variety of stream restoration projects.? The goals of the work is to improve water quality and natural resources.? The WCRC performed assessments of waterways and natural areas.? The WCRC conducted many outreach events to provide education opportunities for the local populous to gain a better understand of the value of natural resources and the relationship shared with the natural environment.

Program 3

Expenses: $217,000

The Arkansas Division of Natural Resources awarded the WCRC a grant to perform various activities aimed at improving the long-term success of existing stream restoration projects in Northwest...

The Arkansas Division of Natural Resources awarded the WCRC a grant to perform various activities aimed at improving the long-term success of existing stream restoration projects in Northwest Arkansas.? The WCRC removed invasive plant species, planted native plants, irrigated, and used heavy equipment to make fortifications.? The work helped to improve water quality in the region.

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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 $3,093,393

Program Service Revenue $1,030,700

Investment Income $55,982

Other Revenue $86,901

TOTAL REVENUE $4,266,976

Expense Breakdown

Grants Paid $200

Salaries & Benefits $1,090,142

Fundraising Expenses $0

Program Expenses $4,205,273

Other Expenses $3,554,260

TOTAL EXPENSES $4,644,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,266,976	$2,259,823	+0.9%
Expenses	$4,644,602	$2,124,379	+1.2%
Net Income	$-377,626	$135,444	-3.8%

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

Volunteers

N/A

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

$363,064

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sandi Formica	Chairman	40.00	Officer	$180,205	$20,664	$200,869
Matthew Van Eps PE	Treasurer	40.00	Officer	$146,986	$15,209	$162,195
DeWayne Edwards PhD PE	Chairman	1.00	Officer	$0	$0	$0
Don Richardson	Director	1.00	Officer	$0	$0	$0
Judge Clinton Jones	Director	1.00	Officer	$0	$0	$0
Jon Johnson	Director	1.00	Officer	$0	$0	$0
Sarah Lewis	Director	1.00	Officer	$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	No data	No data	No data	No data
2023	$4,266,976	$4,644,602	$1,704,711	$-377,626
2022	$2,259,823	$2,124,379	$2,039,961	$135,444
2021	$1,644,645	$1,804,050	$2,004,732	$-159,405
2020	$1,525,386	$1,658,043	$2,164,063	$-132,657
2019	$2,063,598	$1,298,142	$2,133,294	$765,456
2018	$2,015,510	$1,365,780	$1,358,760	$649,730

Watershed Conservation Resource Center