OPERATION OPEN WATER

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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

2020

Legal Domicile

Principal Officer

DANIEL NICHOLS

Phone

8778295500

Tax Period

2022-07-01 to 2023-06-30

OPERATION OPEN WATER, founded in 2020, is a small nonprofit in the Public Safety sector that reported $281K in total revenue in fiscal year 2022. Expenses of $251K left a modest 10% surplus.

Mission

SUPPORTING THE HEALTH AND WELLNESS OF EVERY FIRST RESPONDER AND VETERAN THROUGH UNIQUE TRAINING PROGGRAMS, AND OPEN WATER EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $184,036

SUPPORTING THE HEALTH AND WELLNESS OF EVERY FIRST RESPONDER AND VETERAN THROUGH UNIQUE TRAINING PROGRAMS, FELLOWSHIP, AND OPEN WATER EXPERIENCES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $268,964

Program Service Revenue $4,297

Investment Income $0

Other Revenue $7,314

TOTAL REVENUE $280,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,372

Fundraising Expenses $12,048

Program Expenses $184,036

Other Expenses $225,828

TOTAL EXPENSES $251,200

Year-over-Year Comparison

	2022	2021	Change
Revenue	$280,575	N/A	N/A
Expenses	$251,200	N/A	N/A
Net Income	$29,375	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL NICHOLS	Chairman	10.00	Officer Director	$0	$0	$0
MARY LOU SHATTUCK	Secretary	10.00	Officer Director	$0	$0	$0
TANYA WEINHEIMER	Treasurer	10.00	Officer Director	$0	$0	$0
KYLE KELLY	Director	1.00	Director	$0	$0	$0
BRETT BARNES	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
RYAN BELLEROSE	Director	1.00	Director	$0	$0	$0
JACOB GREEN	Director	0.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$280,575	$251,200	$165,107	$29,375