WATERSTART CHANNELS FOR INNOVATION (EIN 821061688) - 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

2017

Legal Domicile

Principal Officer

REBECCA SHANAHAN

Phone

7028476630

Tax Period

2022-07-01 to 2023-06-30

WATERSTART CHANNELS FOR INNOVATION, founded in 2017, is a micro nonprofit in the Environment sector that reported $16K in total revenue in fiscal year 2022. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 129% operating deficit.

Mission

THE ORGANIZATION WILL PROMOTE RESEARCH AND EDUCATION IN WATERINNOVATION BY LEVERAGING WATER EXPERTISE, CAPABILITIES AND LEADERSHIP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $16,250

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $16,250

Expense Breakdown

Grants Paid $14,330

Salaries & Benefits $0

Fundraising Expenses $1,586

Program Expenses $29,458

Other Expenses $22,933

TOTAL EXPENSES $37,263

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,250	$33,320	-0.5%
Expenses	$37,263	$81,068	-0.5%
Net Income	$-21,013	$-47,748	-0.6%

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

N/A

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

$198,122

Total Directors

$303,238

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN ALLEN	SECRETARY & TREASURER	2.00	Officer Director	$0	$45,535	$198,122
PATRICIA MULROY	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA SHANAHAN	DIRECTOR	2.00	Director	$0	$5,116	$105,116
WILLIAM SARNI	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$16,250	$37,263	$100,943	$-21,013
2022	$33,320	$81,068	$121,956	$-47,748
2021	$25,350	$347,634	$169,704	$-322,284
2020	$572,500	$211,816	$491,988	$360,684
2019	$200,000	$68,696	$131,304	$131,304

WATERSTART CHANNELS FOR INNOVATION