THE SUNWATER INSTITUTE

EIN: 823170835 501(c)(3) Civil Rights & Advocacy

ROCKVILLE, MD

Total Revenue
$1,092,449
Total Expenses
$3,006,653
Total Assets
$4,181,600
Net Assets
$-3,806,914
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DC
Principal Officer
MATTHEW CHERVENAK
Phone
2406304964
Tax Period
2023-01-01 to 2023-12-31

THE SUNWATER INSTITUTE, founded in 2017, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 3138% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 175% operating deficit.

Mission

THE SUNWATER INSTITUTE'S MISSION IS TO STRENGTHEN THE FOUNDATIONS OF DEMOCRACY THROUGH INTERDISCIPLINARY SCIENCE, TECHNOLOGY, AND OPEN DIALOGUE TO FOSTER A SOCIETY BUILT ON INDIVIDUAL LIBERTY REACHING ITS MAXIMUM POTENTIAL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $834,177
Program Service Revenue $161,756
Investment Income $0
Other Revenue $96,516
TOTAL REVENUE $1,092,449

Expense Breakdown

Grants Paid $102,222
Salaries & Benefits $1,017,705
Fundraising Expenses $113,708
Program Expenses $2,362,763
Other Expenses $1,886,726
TOTAL EXPENSES $3,006,653

Year-over-Year Comparison

2023 2022 Change
Revenue $1,092,449 $33,736 +31.4%
Expenses $3,006,653 $1,232,468 +1.4%
Net Income $-1,914,204 $-1,198,732 +0.6%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
14
Volunteers
55

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW M CHERVENAK CHAIRMAN 10.00
Officer Director
$0 $0 $0
STEPHANY N YU VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
ERIC MCANDREWS DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL HICKEY DIRECTOR 0.10
Director
$0 $0 $0
JON ZIFFERBLATT DIRECTOR 0.10
Director
$0 $0 $0
STEPHANIE GUALINO TREASURER 1.50
Officer
$0 $0 $0
ARIC LAVINTHAL SECRETARY 2.00
Officer
$0 $0 $0
ANI HARUTYUNYAN SCHOLAR 40.00
Highest
$196,000 $14,537 $210,537
MATTHEW BARNES SALES & OPERATINGS MANAGER 40.00
Highest
$110,907 $8,412 $119,319
JOHN RACKEY DIRECTOR OF LEGISLATIVE STUDIES 40.00
Highest
$129,439 $8,310 $137,749
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 $1,092,449 $3,006,653 $4,181,600 $-1,914,204
2022 $33,736 $1,232,468 $3,055,340 $-1,198,732
2021 $96,181 $771,317 $127,358 $-675,136
2020 $300,009 $492,251 $71,002 $-192,242
2019 $400,106 $289,811 $193,031 $110,295
2018 $200,000 $173,754 $63,445 $26,246
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE SUNWATER INSTITUTE with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.