BLUE WATER INSTITUTE INCORPORATED fka Blue Water Film Festival (EIN 882043586) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

GREG REITMAN

Phone

3109852583

Tax Period

2023-01-01 to 2023-12-31

BLUE WATER INSTITUTE INCORPORATED fka Blue Water Film Festival, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $54K in total revenue in fiscal year 2023. Revenue surged 839% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 19% operating margin.

Mission

Championing environmental filmmakers and introducing new audiences to their work is the heart of our mission at Blue Water Institute

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $51,916

Program Service Revenue $2,354

Investment Income $0

Other Revenue $0

TOTAL REVENUE $54,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $15,741

Program Expenses $44,190

Other Expenses $38,778

TOTAL EXPENSES $44,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,270	$5,780	+8.4%
Expenses	$44,190	$2,582	+16.1%
Net Income	$10,080	$3,198	+2.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
GREG REITMAN	PresidentCEO	15.00	Officer Director	$0	$0	$0
RONDA DIXON	SECRETARY	1.000	Officer Director	$0	$0	$0
JUDITH RUBIN	CFOTREASURER	2.000	Officer Director	$0	$0	$0
DIMITRI D DEHEYN	SCIENCE OFFICER	1.000	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
2025	No data	No data	No data	No data
2023	$54,270	$44,190	$5,544	$10,080

BLUE WATER INSTITUTE INCORPORATED fka Blue Water Film Festival