Watershed Corp
Nonprofit profile at a glance
- EIN
- 710920918
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2011
- Location
- Cedar Hill, TX, USA
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $106,766
- Expenses
- $90,909
- Assets
- $200,255
- Liabilities
- $265
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Garold Andersen (President)
People named in this filing
- Garold Andersen (President)
- Lori Andersen (Vice Pres/Secretary)
- Kathy Meyer (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mentoring/Discipling People From a Biblical Perspective.
What it reported doing in 2024
B. Mentoring Ministry Spent on average 15 hours/week in mentoring and encouraging approximately 35 people/Christians including artists from 5 different countries U.S., Kenya, Czech Republic, Germany, UK.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 100
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.4%; rating input score 72
- Program expense ratio: 85.1%; rating input score 85
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 14.9%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 2.2; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 44.5%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 7.8% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 6.5% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 12.2% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 72.4% of revenue deployed · 85.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $77K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.