BLUE WATERMELON PROJECT INC (EIN 920867893) - 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

2022

Legal Domicile

Principal Officer

CHARLEEN BADMAN

Phone

9175822590

Tax Period

2024-07-01 to 2025-06-30

BLUE WATERMELON PROJECT INC, founded in 2022, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $202K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $362K exceeded revenue, resulting in a 79% operating deficit.

Mission

EDUCATING AND ENCOURAGING STUDENTS TO DEVELOP HEALTHY RELATIONSHIPS WITH FOOD.

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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 $176,961

Program Service Revenue $20,606

Investment Income $0

Other Revenue $4,318

TOTAL REVENUE $201,885

Expense Breakdown

Grants Paid $15,500

Salaries & Benefits $219,277

Fundraising Expenses $56,698

Program Expenses $239,933

Other Expenses $126,769

TOTAL EXPENSES $361,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,885	$1,046,316	-0.8%
Expenses	$361,546	$180,418	+1.0%
Net Income	$-159,661	$865,898	-1.2%

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

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

$49,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILLIAN SUNDBERG	EXECUTIVE DIRECTOR	40.00	Officer	$47,115	$2,808	$49,923
LOUIS RODARTE	DIRECTOR	1.20	Director	$0	$0	$0
PATRICIA EMMERT	DIRECTOR UNTIL 4-2025	1.20	Director	$0	$0	$0
TAYLOR JONES	DIRECTOR UNTIL 11-2024	1.20	Director	$0	$0	$0
FRANCES DICKMAN	DIRECTOR	1.20	Director	$0	$0	$0
ISAAC KIEHL	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL GOMEZ-ACOSTA	DIRECTOR	1.20	Director	$0	$0	$0
KATHLEEN HUGHES	DIRECTOR	1.20	Director	$0	$0	$0
CHARLEEN BADMAN	PRESIDENT	15.00	Officer Director	$0	$0	$0
ASHLEY SCHIMKE	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
ANGELA GOMEZ	SECRETARY	1.20	Officer Director	$0	$0	$0
JAYSON MATTHEWS	TREASURER	1.20	Officer 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
2025	$201,885	$361,546	$846,968	$-159,661
2024	$501,316	$180,418	$452,400	$320,898
2024	$1,046,316	$180,418	$997,400	$865,898

BLUE WATERMELON PROJECT INC