BLUE WATERS RECOVERY FOUNDATION

EIN: 871534608 501(c)(3) Housing & Shelter

Pompano Beach, FL

Total Revenue
$1,066,528
Total Expenses
$1,098,959
Total Assets
$1,040
Net Assets
$-59,451
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
FL
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

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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%)

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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

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Governance

Voting Members
4
Independent Members
4
Employees
5
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
4
$118,139
Total Directors
3
$42,300
Key Employees
0
$0
Highest Compensated
0
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
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