WATER TOWER INSTITUTE THE (EIN 842838528) - Form 990 Financial Analysis & Trantor Score

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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

MELISSA L MEEKER

Phone

4708220501

Tax Period

2023-01-01 to 2023-12-31

WATER TOWER INSTITUTE THE, founded in 2019, is a small nonprofit in the Education sector that reported $860K in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $283K, a strong 33% operating margin.

Mission

THE WATER TOWER IS A NON-PROFIT INNOVATION HUB FOCUSED ON ADVANCING THE WATER INDUSTRY BY EXPEDITING THE IMPLEMENTATION OF INNOVATIVE WATER SOLUTIONS AND ATTRACTING AND TRAINING THE NEXT GENERATION OF WATER PROFESSIONALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $673,000

Program Service Revenue $70,160

Investment Income $0

Other Revenue $117,036

TOTAL REVENUE $860,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,441

Fundraising Expenses $50,182

Program Expenses $310,598

Other Expenses $417,089

TOTAL EXPENSES $577,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$860,196	$380,860	+1.3%
Expenses	$577,530	$453,810	+0.3%
Net Income	$282,666	$-72,950	-4.9%

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

$131,722

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEEN O'NEILL PHD	DIRECTOR, CHAIR	1.00	Director	$0	$0	$0
TERRELL GIBBS PHD PE	DIRECTOR, TREASURER	1.00	Director	$0	$0	$0
DR GLEN DAIGGER	DIRECTOR	1.00	Director	$0	$0	$0
NICK MASINO	DIRECTOR, PAST CHAIR	1.00	Director	$0	$0	$0
DR PAUL BOWEN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MACGREGOR	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA L MEEKER	CEO	20.00	Officer	$0	$0	$0
CHRIS IMPELLITTERI	DIRECTOR OF R&E	30.00	Officer	$122,912	$8,810	$131,722

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	No data	No data	No data	No data
2023	$860,196	$577,530	$441,923	$282,666
2022	$380,860	$453,810	$176,567	$-72,950
2021	$188,461	$114,300	$368,793	$74,161

WATER TOWER INSTITUTE THE