THE WATERFRONT FOUNDATION (EIN 843520354) - 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

MICHAEL C PEASE

Tax Period

2023-01-01 to 2023-12-31

THE WATERFRONT FOUNDATION, founded in 2019, is a small nonprofit in the Health Care sector that reported $911K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $317K, a strong 35% operating margin.

Mission

TO PROVIDE AND HELP WITH SUPPORT FOR THE CHAUTAUQUA CENTER AND SURROUNDING COMMUNITIES.

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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 $800,076

Program Service Revenue $12,961

Investment Income $96,426

Other Revenue $1,750

TOTAL REVENUE $911,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,538

Fundraising Expenses $0

Program Expenses $210,008

Other Expenses $323,725

TOTAL EXPENSES $594,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$911,213	$3,234,806	-0.7%
Expenses	$594,263	$294,376	+1.0%
Net Income	$316,950	$2,940,430	-0.9%

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

N/A

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
MAGDALENA DYE	TREASURER	N/A	Officer Director	$0	$0	$0
MICHAEL C PEASE	CEO	N/A	Officer Director	$0	$0	$0
CLARK POPPLETON	SECRETARY	N/A	Officer Director	$0	$0	$0
SUSAN SOSINSKI	CHAIR	N/A	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
2024	No data	No data	No data	No data
2023	$911,213	$594,263	$8,219,807	$316,950
2022	$3,234,806	$294,376	$7,855,085	$2,940,430
2021	$58,766	$15,136	$4,938,146	$43,630
2020	$4,856,970	$3,626	$4,857,652	$4,853,344
2020	$61,139	$3,593	$4,857,652	$57,546

THE WATERFRONT FOUNDATION