WATERSTONE SUPPORT FOUNDATION INC

EIN: 841430063 501(c)(3) Philanthropy & Grantmaking

COLORADO SPRINGS, CO

Total Revenue
$27,976,052
Total Expenses
$22,113,574
Total Assets
$191,359,297
Net Assets
$118,863,671
🔒

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
1997
Legal Domicile
CO
Principal Officer
KENNETH HARRISON
Phone
7194474620
Tax Period
2024-04-01 to 2025-03-31

WATERSTONE SUPPORT FOUNDATION INC, founded in 1997, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $28.0M in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $5.9M, a strong 21% operating margin.

Mission

SUPPORTS THE CHARITABLE & RELIGIOUS PURPOSES OF CCF DBA WATERSTONE & NATIONAL FOUNDATION INC.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $16,111,594
Program Service Revenue $4,894,007
Investment Income $6,332,245
Other Revenue $638,206
TOTAL REVENUE $27,976,052

Expense Breakdown

Grants Paid $15,317,107
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,834,916
Other Expenses $6,796,467
TOTAL EXPENSES $22,113,574

Year-over-Year Comparison

2024 2023 Change
Revenue $27,976,052 $68,966,412 -0.6%
Expenses $22,113,574 $36,745,534 -0.4%
Net Income $5,862,478 $32,220,878 -0.8%
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
6
Independent Members
4
Employees
N/A
Volunteers
4

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
5
$1,315,444
Total Directors
6
$757,182
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH R HARRISON CHIEF EXECUTIVE OFFICER 1.00
Officer Director
$0 $29,336 $557,407
RICHARD VON GNECHTEN VICE PRESIDENT 1.00
Officer
$0 $22,066 $348,525
CHRIS START TREASURER 13.00
Officer
$0 $29,044 $304,344
JOHN MULDER BOARD MEMBER 1.00
Director
$0 $7,140 $199,775
RUTHANN WITKOP ASSISTANT SECRETARY 1.00
Officer
$0 $20,369 $105,168
RICHARD A LAVINSKI VP/SECRETARY 1.00
Officer Director
$0 $0 $0
DOUG H KIESEWETTER JR CHAIRMAN 1.00
Director
$0 $0 $0
KITTIE W WATSON BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN BROWN BOARD MEMBER 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 $27,976,052 $22,113,574 $191,359,297 $5,862,478
2024 $68,966,412 $36,745,534 $183,651,643 $32,220,878
2023 $20,653,849 $13,145,403 $133,909,303 $7,508,446
2022 $45,122,757 $42,339,631 $127,103,327 $2,783,126
2021 $11,476,016 $12,436,089 $92,876,866 $-960,073
2020 $10,991,218 $7,073,979 $80,097,831 $3,917,239
2019 $15,553,796 $11,335,119 $63,714,478 $4,218,677
Explore More Nonprofits
→Top 100 Nonprofits in Colorado →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WATERSTONE SUPPORT FOUNDATION INC with other nonprofits in Colorado 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.