Frank Waters Foundation (EIN 860723866) - 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

1994

Legal Domicile

Principal Officer

Stephen Collector

Phone

5206034875

Tax Period

2023-01-01 to 2023-12-31

Frank Waters Foundation, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $366K in total revenue in fiscal year 2023. The organization ran a surplus of $357K, a strong 98% operating margin.

Mission

To Shelter and Raise up the Creative Spirit

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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 $356,004

Program Service Revenue $1,770

Investment Income $3,159

Other Revenue $5,395

TOTAL REVENUE $366,328

Expense Breakdown

Grants Paid $650

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,978

Other Expenses $8,328

TOTAL EXPENSES $8,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$366,328	N/A	N/A
Expenses	$8,978	N/A	N/A
Net Income	$357,350	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen Collector	President	1.00	Officer Director	$0	$0	$0
William Farr	Director	1.00	Director	$0	$0	$0
John Macker	Vice President	1.00	Director	$0	$0	$0
John Nizalowski	Vice President	1.00	Director	$0	$0	$0
Mark Rossi	Secretary/Treas	5.00	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
2023	$366,328	$8,978	$389,363	$357,350

Frank Waters Foundation