WATERMARK HOMESCHOOL ENRICHMENT INC (EIN 871409825) - 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

2021

Legal Domicile

Principal Officer

JOEL KENT

Phone

6785882811

Tax Period

2024-07-01 to 2025-06-30

WATERMARK HOMESCHOOL ENRICHMENT INC, founded in 2021, is a small nonprofit in the Education sector that reported $489K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 21% operating margin.

Mission

WATERMARK IS A CHRISTIAN HOMESCHOOL CO-OP WHOSE PURPOSE IS TO PROVIDE OPPORTUNITIES TO ENRICH THE HOMESCHOOLING EXPERIENCE

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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 $0

Program Service Revenue $484,231

Investment Income $0

Other Revenue $5,005

TOTAL REVENUE $489,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,158

Fundraising Expenses $0

Program Expenses $375,846

Other Expenses $282,169

TOTAL EXPENSES $385,327

Year-over-Year Comparison

	2024	2023	Change
Revenue	$489,236	$382,427	+0.3%
Expenses	$385,327	$307,813	+0.3%
Net Income	$103,909	$74,614	+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

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

$80,506

Total Directors

$80,506

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL KENT	DIRECTOR - PRESIDENT	40.00	Officer Director	$40,000	$0	$40,000
JOY CLIFTON	DIRECTOR - TREASURER	0.00	Officer Director	$0	$0	$0
ANDREA MARTIN	DIRECTOR - SECRETARY	0.00	Officer Director	$0	$0	$0
JESSICA KENT	DIRECTOR - EXECUTIVE DIREC	40.00	Officer Director	$40,506	$0	$40,506

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	$489,236	$385,327	$266,600	$103,909
2024	$382,427	$307,813	$161,776	$74,614
2023	$257,106	$241,130	$86,273	$15,976
2022	$97,359	$99,356	$76,547	$-1,997

WATERMARK HOMESCHOOL ENRICHMENT INC