WATERMARK COMMUNITY DEVELOPMENT CO… - 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

Formation Year

2018

Legal Domicile

Principal Officer

CARSON SMITH

Phone

8176750062

Tax Period

2024-01-01 to 2024-12-31

WATERMARK COMMUNITY DEVELOPMENT CORPORAT, founded in 2018, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 8% surplus.

Mission

FURTHER THE NAME OF JESUS BY DEPLOYING HIS PEOPLE AND RESOURCES TO MEET THE MOST STRATEGIC AND TRANSFORMATIONAL ECONOMIC NEEDS IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $271,466 Revenue: $988,003

THE MAIN PROGRAM SERVICE IS TO PROVIDE FINANCIAL EMPOWERMENT INITIATIVES THROUGH FINANCIAL EDUCATION AND JOB PLACEMENT, ALONG WITH SOFT AND HARD-SKILL TRAINING PROGRAMS.

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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 $1,188,003

Program Service Revenue $0

Investment Income $10,180

Other Revenue $0

TOTAL REVENUE $1,198,183

Expense Breakdown

Grants Paid $202,767

Salaries & Benefits $712,554

Fundraising Expenses $0

Program Expenses $271,466

Other Expenses $187,893

TOTAL EXPENSES $1,103,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,198,183	$744,315	+0.6%
Expenses	$1,103,214	$1,057,883	+0.0%
Net Income	$94,969	$-313,568	-1.3%

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

N/A

Independent Members

N/A

Employees

Volunteers

120

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LANCE THRAILKILL	BOARD CHAIRMAN	Officer	$0	$0	$0
KEITH SHEPHELWICH	FINANCIAL EMPOWERMENT	Officer	$0	$0	$0
BILL ASHBAUGH	FINANCIAL EMPOWERMENT	Officer	$0	$0	$0
DAWN JOHNSON	FINANCIAL EMPOWERMENT	Officer	$0	$0	$0
ANDY KERNER	VOCATIONAL TRAINING & EMPLOYMENT	Officer	$0	$0	$0
JEFF WARD	VOCATIONAL TRAINING & EMPLOYMENT	Officer	$0	$0	$0
JELLETA KING	VOCATIONAL TRAINING & EMPLOYMENT	Officer	$0	$0	$0
KACIE MARTIN	BUSINESS & ECONOMIC DEVELOPMENT	Officer	$0	$0	$0
JOSH MCKEE	BUSINESS & ECONOMIC DEVELOPMENT	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	$1,198,183	$1,103,214	$452,951	$94,969

WATERMARK COMMUNITY DEVELOPMENT CORPORAT