SAFER WATERS IN MEMORY - OF NICHOL… - 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

2019

Legal Domicile

Principal Officer

LISA MCMULLIN

Tax Period

2024-01-01 to 2024-12-31

SAFER WATERS IN MEMORY - OF NICHOLAS, founded in 2019, is a small nonprofit in the Public Safety sector that reported $202K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 36% operating margin.

Mission

PUBLIC EDUCATION FOR DROWNING PREVENTION

Program Service Accomplishments

Program 1

Expenses: $92,055 Revenue: $205,955

RAISED AWARENESS FOR THE PREVENTION OF DROWNING AND HELPED PREVENT DROWNING ACCIDENTS

Program 2

Expenses: $32,880

FUNDED SCHOLARSHIPS THROUGH HOPE FLOATS FOUNDATION FOR FAMILIES WHO QUALIFY UNDER USPA INCOME ELIGIBILITY GUIDELINES

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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 $202,183

Program Service Revenue $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $202,192

Expense Breakdown

Grants Paid $32,880

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,935

Other Expenses $96,790

TOTAL EXPENSES $129,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,192	$131,609	+0.5%
Expenses	$129,670	$131,499	0.0%
Net Income	$72,522	$110	+658.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA MCMULLIN	PRESIDENT	20.00	Officer	$0	$0	$0
CHARLES CLAGGETT	SECRETARY	2.00	Officer	$0	$0	$0
EMILY WUJCIK	VICE PRESIDENT	0.00	Officer	$0	$0	$0
KIMBALL MCMULLIN	TREASURE	4.00	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	$202,192	$129,670	$253,989	$72,522

SAFER WATERS IN MEMORY - OF NICHOLAS