OPEN WATERS LOUISIANA INC (EIN 920408815) - 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

CAPT LEE JACKSON

Phone

5048321199

Tax Period

2024-01-01 to 2024-12-31

OPEN WATERS LOUISIANA INC, founded in 2022, is a small nonprofit in the Environment sector that reported $144K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

OPEN WATERS LOUISIANA IS A PROGRAM DESIGNED TO STRENGTHEN THE COMMUNITY BY PROACTIVELY SEEKING TO CONNECT COMMUNITIES OF COLOR AND WOMEN TO THE MARITIME INDUSTRY BY PROVIDING EQUITABLE OPPORTUNITIES FOR DIVERSE COMMUNITIES AND SMALL AND HISTORICALLY UNDERUTILIZED SUPPLIERS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $143,549

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $143,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $141,527

Other Expenses $141,527

TOTAL EXPENSES $141,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,549	$109,036	+0.3%
Expenses	$141,527	$109,036	+0.3%
Net Income	$2,022	$0	N/A

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
CAPT LEE JACKSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CAPT LOUIS M WATTIGNEY JR	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
CAPT ROY VANCE	SECRETARY	1.00	Officer Director	$0	$0	$0
CAPT E MICHAEL BOPP	TREASURER	1.00	Officer Director	$0	$0	$0
GLENDA MCKINLEY	DIRECTOR	1.00	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
2024	$143,549	$141,527	$2,022	$2,022
2023	$109,036	$109,036	No data	No data

OPEN WATERS LOUISIANA INC