THE FRESHWATER TRUST (EIN 930843521) - 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

1983

Legal Domicile

Principal Officer

JOE WHITWORTH

Phone

5032229091

Tax Period

2023-01-01 to 2023-12-31

THE FRESHWATER TRUST, founded in 1983, is a mid-sized nonprofit in the Animal-Related sector that reported $11.6M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $11.0M left a modest 5% surplus.

Mission

TO PRESERVE AND RESTORE FRESHWATER ECOSYSTEMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,418,920

Program Service Revenue $5,399,994

Investment Income $6,453

Other Revenue $-178,700

TOTAL REVENUE $11,646,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,812,676

Fundraising Expenses $1,079,669

Program Expenses $6,778,174

Other Expenses $5,200,973

TOTAL EXPENSES $11,013,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,646,667	$7,682,823	+0.5%
Expenses	$11,013,649	$9,118,326	+0.2%
Net Income	$633,018	$-1,435,503	-1.4%

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

$433,015

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE WHITWORTH	PRESIDENT	40.00	Officer	$242,351	$33,776	$276,127
RENAI BELL SENIOR	DIRECTOR OF PRODUCTS & ANALYTICS	40.00	Highest	$176,935	$16,979	$193,914
DYLAN HARP SCIENTIST II	COMPUTATIONAL HYDROLOGY	40.00	Highest	$151,627	$15,729	$167,356
DAVID PRIMOZICH	VICE PRESIDENT OF WATER	40.00	Highest	$151,002	$29,344	$180,346
ERIK RINGELBERG	REGIONAL VICE PRESIDENT CALIFORNIA	40.00	Highest	$140,966	$26,896	$167,862
KIMBERLEE OBILANA	VICE PRESIDENT OF PEOPLE & OPERATIONS	40.00	Highest	$140,326	$10,955	$151,281
TIMOTHY WIGINGTON	VICE PRESIDENT OF FINANCE & POLICY	40.00	Officer	$126,120	$30,768	$156,888
SCOTT SANDBO	CHAIR	2.00	Officer Director	$0	$0	$0
MARGARET DONAVAN CORMIER	TREASURER	2.00	Officer Director	$0	$0	$0
GARY FISH	SECRETARY	2.00	Officer Director	$0	$0	$0
ANTHONY TRUNZO	DIRECTOR	2.00	Director	$0	$0	$0
BRAD PREBLE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID CHEN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LAURANCE	DIRECTOR	2.00	Director	$0	$0	$0
DEBRA HATCHER	DIRECTOR	2.00	Director	$0	$0	$0
GIA SCHNEIDER	DIRECTOR	2.00	Director	$0	$0	$0
HANK ASHFORTH	DIRECTOR	2.00	Director	$0	$0	$0
KIM MALEK	DIRECTOR	2.00	Director	$0	$0	$0
MARCELINO ALVAREZ	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET TUCHMANN	DIRECTOR	2.00	Director	$0	$0	$0
MIKE POHL	DIRECTOR	2.00	Director	$0	$0	$0
MOLLY MCCABE	DIRECTOR	2.00	Director	$0	$0	$0
NATALIE HOCKEN	DIRECTOR	2.00	Director	$0	$0	$0
PAUL FORTINO	DIRECTOR	2.00	Director	$0	$0	$0
PETER DOUBLEDAY	DIRECTOR	2.00	Director	$0	$0	$0
SARA SPANGELO	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT DEMOREST	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM NEUHAUSER	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$11,646,667	$11,013,649	$7,824,312	$633,018
2022	$7,682,823	$9,118,326	$7,678,913	$-1,435,503
2021	$12,158,372	$9,153,022	$7,203,840	$3,005,350
2021	$12,158,372	$9,153,022	$7,203,840	$3,005,350
2020	$9,998,508	$9,471,571	$5,118,124	$526,937
2019	$9,808,819	$9,348,237	$4,738,473	$460,582
2018	$9,661,554	$8,490,979	$4,559,016	$1,170,575

THE FRESHWATER TRUST