BLUE WATERS RECOVERY FOUNDATION

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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

Phone

9543440550

Tax Period

2024-01-01 to 2024-12-31

BLUE WATERS RECOVERY FOUNDATION, founded in 2021, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

PROVIDING A SAFE,STRUCTURED RECOVERY ENVIRONMENT FOR PERSONS SUFFERING FROM ALCOHLISM AND DRUG ADDICTION ALLOWING FOR THE APPLICATION OF THE TWELVE STEPS TO RETURN PERSONS TO SOCIETY USEFULLY WHOLE

Program Service Accomplishments

Program 1

Expenses: $1,068,312 Revenue: $1,065,528

BLUE WATERS RECOVERY FOUNDATIONS PRIMARY SERVICE REMAINS TO PROVIDE SAFE AND STRUCTURED HOUSING TO DRUG ADDICTS AND ALCHOLOLICS SEEKING RECOVERY. OUR PROGRAM HAS A TOTAL OF 165 BEDS AMONG 7...

BLUE WATERS RECOVERY FOUNDATIONS PRIMARY SERVICE REMAINS TO PROVIDE SAFE AND STRUCTURED HOUSING TO DRUG ADDICTS AND ALCHOLOLICS SEEKING RECOVERY. OUR PROGRAM HAS A TOTAL OF 165 BEDS AMONG 7 LOCATIONS. WHILE OUR PROGRAM REQUIRES ALL CLIENTS TO GAIN EMPLOYMENT, MANY OF THESE CLIENTS ARE WITHOUT FUNDS WHEN ENTERING THE PROGRAM AND THUS WITHOUT OTHER OPTIONS AS THEY ARE UNABLE TO PAY PROGRAM COSTS AS WELL AS LIVING EXPENSES SUCH AS FOOD AND TRANSPORTATION. THESE CLIENTS HAD NO OR LIMITED FUNDS UPON ENTERING THE PROGRAM. OUR PROGRAM GOES TO GREAT EXPENSE TO ATTEMPT TO ASSIST THEM WITH THESE DIFFICULTIES TO HELP THEM GAIN EMPLOYMENT TO HELP THEM MAINTAIN SOBRIETY AND BECOME PRODUCTIVE MEMBERS OF SOCIETY THESE STATISTICS ARE DERIVED FROM OUR CRM REPORT FOR INTAKES FILTERING RESULTS FOR CLEINTS THAT OWED OR STILL OWE PROGRAM FEES.

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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 $1,000

Program Service Revenue $0

Investment Income $0

Other Revenue $1,065,528

TOTAL REVENUE $1,066,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,143

Fundraising Expenses $0

Program Expenses $1,068,312

Other Expenses $918,816

TOTAL EXPENSES $1,098,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,066,528	$1,022,518	+0.0%
Expenses	$1,098,959	$1,061,204	+0.0%
Net Income	$-32,431	$-38,686	-0.2%

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

$118,139

Total Directors

$42,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA SPANGO	COO	60.00	Officer	$62,601	$0	$62,601
TIFFANY SKURATON	CEO	60.00	Officer	$55,538	$0	$55,538
JACOB HILLMAN	DIRECTOR	10.00	Director	$28,500	$0	$28,500
SAMANTHA GARABED	DIRECTOR	10.00	Director	$13,800	$0	$13,800
MICAH KHUNTANGTA	DIRECTOR	20.00	Director	$0	$0	$0
PETER CUNNINGHAM	VICE PRESIDENT	15.00	Officer	$0	$0	$0
JEFFREY SKURATON	PRESIDENT	40.00	Officer	$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	$1,066,528	$1,098,959	$1,040	$-32,431
2023	$1,022,518	$1,061,204	$9,206	$-38,686
2022	$936,807	$982,437	$-45,630	$-45,630