WATERSHED SCHOOL 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

2001

Legal Domicile

Principal Officer

TIMOTHY BREEN

Phone

3034407520

Tax Period

2024-07-01 to 2025-06-30

WATERSHED SCHOOL INC, founded in 2001, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

TO SPARK ADVENTURE AND WONDER, FOSTER INQUIRY AND COMMUNITY, AND BUILD THE CHARACTER AND ABILITY OF STUDENTS TO TAKE ON THE WORLD'S GREATEST CHALLENGES.

Program Service Accomplishments

Program 1

Expenses: $3,794,780 Revenue: $3,695,905

IN THE 2024-25 SCHOOL YEAR, WATERSHED SCHOOL PROVIDED AN INNOVATIVE, CHALLENGING, COLLEGE PREPARATORY EDUCATION TO 118 STUDENTS IN GRADES 6-12. OUR STUDENTS DEVELOP AS CURIOUS LEARNERS, ADVENTUROUS SPIRITS, AND CARING, COMMITTED GLOBAL CITIZENS AS THEY ENGAGE IN WORK THAT MATTERS - WORK THAT HAS A POSITIVE IMPACT BEYOND THE WALLS OF THE SCHOOL. WE BELIEVE THAT SCHOOLS SHOULD NOT JUST HELP STUDENTS DEVELOP THE SKILLS AND HABITS FOR FUTURE SUCCESS, BUT SHOULD AWAKEN THEIR CURIOUSITY, EXPAND THEIR VIEW OF THE WORLD, AND EMPOWER THEM TO MAKE A DIFFERENCE IN THEIR LOCAL, REGIONAL AND GLOBAL COMMUNITIES. OUR PROGRAM INCLUDES SKILLS COURSES AND EXPEDITION COURSES. ---------- CONTINUED ON SCHEDULE O -----------

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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 $793,246

Program Service Revenue $3,695,905

Investment Income $82,928

Other Revenue $281,146

TOTAL REVENUE $4,853,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,000,902

Fundraising Expenses $246,687

Program Expenses $3,794,780

Other Expenses $2,241,041

TOTAL EXPENSES $5,241,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,853,225	$5,960,140	-0.2%
Expenses	$5,241,943	$4,138,469	+0.3%
Net Income	$-388,718	$1,821,671	-1.2%

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

$249,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY BREEN	HEAD OF SCHO	40.00	Officer	$218,644	$30,856	$249,500
GRAY BRIDGERS	ASSISTANT HE	40.00	Highest	$120,629	$15,040	$135,669
JULIE GOLDSTEIN	CHAIR	3.00	Officer Director	$0	$0	$0
PAUL FORWARD	TREASURER	1.00	Officer Director	$0	$0	$0
SONIA SCHNITZER	SECRETARY	1.00	Officer Director	$0	$0	$0
KIRSTIN HATZIS	TRUSTEE	1.00	Director	$0	$0	$0
CAROL HOEFFLER	TRUSTEE	1.00	Director	$0	$0	$0
PARKER MEER	TRUSTEE	1.00	Director	$0	$0	$0
STEVE NELSON	TRUSTEE	1.00	Director	$0	$0	$0
JADE POLIZZI	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS RICE	TRUSTEE	1.00	Director	$0	$0	$0
EATON SCRIPPS	TRUSTEE	1.00	Director	$0	$0	$0
JON SISENWEIN	TRUSTEE	1.00	Director	$0	$0	$0
EMMA STAREK	TRUSTEE	1.00	Director	$0	$0	$0
LISA SWIFT	TRUSTEE	1.00	Director	$0	$0	$0
ERIC WEINER	TRUSTEE	1.00	Director	$0	$0	$0
JASON BERV	TRUSTEE EMER	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	$4,853,225	$5,241,943	$17,027,247	$-388,718
2024	$5,960,140	$4,138,469	$17,618,899	$1,821,671
2023	$5,905,434	$3,614,887	$11,798,622	$2,290,547
2022	$4,245,823	$3,460,708	$5,009,600	$785,115
2021	$4,441,881	$2,862,508	$4,147,456	$1,579,373
2018	$2,736,442	$2,654,076	$1,710,920	$82,366