TROUBLED WATERS 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

2018

Legal Domicile

Principal Officer

ROBERT O COX

Phone

9784546191

Tax Period

2024-01-01 to 2024-12-31

TROUBLED WATERS INC, founded in 2018, is a community nonprofit in the Mental Health sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 10% surplus.

Mission

TO CREATE AN ENVIRONMENT OF RECOVERY FROM ADDICTION AND PROVIDE CULINARY SKILLS TO INDIVIDUALS THEREBY ASSISTING THEM TO BECOME SELF-SUFFICIENT.

Program Service Accomplishments

Program 1

Expenses: $878,579 Revenue: $1,061,290

TO CREATE A POSITIVE ENVIRONMENT OF RECOVERY FROM ADDICTION. THE ORGANIZATION FACILITATES MEETINGS TO ASSIST IN ADDICTION TREATMENT USING GUIDELINES SET FORTH BY ALCOHOLICS ANONYMOUS, NARCOTICS...

TO CREATE A POSITIVE ENVIRONMENT OF RECOVERY FROM ADDICTION. THE ORGANIZATION FACILITATES MEETINGS TO ASSIST IN ADDICTION TREATMENT USING GUIDELINES SET FORTH BY ALCOHOLICS ANONYMOUS, NARCOTICS ANONYMOUS AND OTHER TREATMENT BASED GROUPS.

Program 2

Expenses: $79,451 Revenue: $37,975

THE ORGANIZATION PROVIDES A TRAINING PROGRAM FOR PERSONS IN EARLY RECOVERY IN THEIR "CLUB KITCHEN- AND WILL MAKE FOOD ITEMS THAT WILL BE AVAILABLE AT MEETINGS WHILE PROVIDING BASIC CAFETERIA STYLE...

THE ORGANIZATION PROVIDES A TRAINING PROGRAM FOR PERSONS IN EARLY RECOVERY IN THEIR "CLUB KITCHEN- AND WILL MAKE FOOD ITEMS THAT WILL BE AVAILABLE AT MEETINGS WHILE PROVIDING BASIC CAFETERIA STYLE FOOD PREPARATION, INCLUDING CERTIFICATION, IN STATE REQUIRED "SERVE SAFE" PROGRAMS SPONSORED BY THE ORGANIZATION. THE ORGANIZATION ALSO TUTORS RECOVERING INDIVIDUALS IN DRIVING, OR OTHER EDUCATIONAL NEEDS DEPENDING ON THEIR CIRCUMSTANCES.

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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 $107,097

Program Service Revenue $1,099,265

Investment Income $0

Other Revenue $126,884

TOTAL REVENUE $1,333,246

Expense Breakdown

Grants Paid $114,631

Salaries & Benefits $726,499

Fundraising Expenses $6,869

Program Expenses $958,030

Other Expenses $356,612

TOTAL EXPENSES $1,197,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,333,246	$972,073	+0.4%
Expenses	$1,197,742	$837,251	+0.4%
Net Income	$135,504	$134,822	+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

$126,334

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT O COX	EXECUTIVE DI	40.00	Officer	$126,334	$0	$126,334
PAUL BELLEY	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT BOLEY	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS BOMIL	DIRECTOR	0.50	Director	$0	$0	$0
KAREN FREDERICK	TREASURER	0.50	Officer Director	$0	$0	$0
RITA MERCIER	PRESIDENT	0.50	Officer Director	$0	$0	$0
SUSAN ROURKE	CLERK	0.50	Officer Director	$0	$0	$0
THOMAS SHANAHAN	DIRECTOR	0.50	Director	$0	$0	$0
ANN VANDAL	DIRECTOR	0.50	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	$1,333,246	$1,197,742	$323,279	$135,504
2023	$972,073	$837,251	$197,263	$134,822
2022	$575,090	$555,628	$30,218	$19,462