WaterStone Real Estate Foundation (EIN 853458068) - 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

2020

Legal Domicile

Tax Period

2024-04-01 to 2025-03-31

WaterStone Real Estate Foundation, founded in 2020, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.5M, a strong 95% operating margin.

Mission

Encourage and Facilitate Donors to Achieve Christ-Centered Objectives by Providing Excellence in Personalized Charitable Giving Services and Education Resources

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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 $6,353,224

Program Service Revenue $0

Investment Income $448

Other Revenue $469,083

TOTAL REVENUE $6,822,755

Expense Breakdown

Grants Paid $92,057

Salaries & Benefits $32,295

Fundraising Expenses $0

Program Expenses $327,014

Other Expenses $218,653

TOTAL EXPENSES $343,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,822,755	$5,375,460	+0.3%
Expenses	$343,005	$601,613	-0.4%
Net Income	$6,479,750	$4,773,847	+0.4%

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

N/A

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

$1,312,653

Total Directors

$1,206,761

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Harrison	CEO	1.00	Officer Director	$0	$30,506	$558,577
Richard von Gnechten	Director	1.00	Officer Director	$0	$19,195	$345,654
Chris Start	Treasurer	1.00	Officer Director	$0	$27,230	$302,530
Ruthann Witkop	Assistant Sec.	1.00	Officer	$0	$21,093	$105,892
Rich Lavinski	Vice President	1.00	Officer 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	$6,822,755	$343,005	$31,696,386	$6,479,750
2024	$5,375,460	$601,613	$18,689,554	$4,773,847
2023	$3,726,457	$3,086,673	$13,520,512	$639,784
2022	$10,692,379	No data	$12,871,273	No data
2021	$2,194,342	$23,414	$2,172,262	$2,170,928

WaterStone Real Estate Foundation