Waterfall Foundation EIN 54-1980898

Waterfall Foundation

EIN  54-1980898 Public charity (501(c)(3)) Fairbanks, AK
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Raises awareness and funds for Alaskan healthcare needs.
Leadership
Eileen Van Wyhe · Ex. Director/Secr. · $36K
Money in and out
$355K revenue, $329K expenses
Bottom line
70% program efficiency

Raises awareness and funds for Alaskan healthcare needs. For fiscal year 2024 it reported $355K in revenue, $329K in expenses, and $292K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$355K
Pt VIII · Ln 12
Total expenses
$329K
Pt IX · Ln 25
Net assets
$292K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $26K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.30
Program efficiency
70%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
12.7mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▼ -82% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$355K
FY2024▼ -27%
Expenses
$329K
FY2024▲ +14%
Total assets
$307K
FY2024▲ +4%
Total liabilities
$15K
FY2024▼ -50%
Total revenue
$355K
Pt VIII · Ln 12
Total expenses
$329K
Pt IX · Ln 25
Net assets
$292K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$307K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $230K of program spending, described in the organization's own filed words · FY2024.
01

Donated to the breast cancer detection center of alaska to enable them to provide alaskan residents access to mammograms throughout the state of alaska.

$230Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWaterfall Foundation
EINHdr · item D54-1980898
Principal addressHdr · item CFairbanks, AK
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFFeb 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Ex. Director/Secr.
$36,000Pt VII · Sec A
Asst Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Asst Treasurer
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Eileen Van Wyhe’s $36K as Ex. Director/Secr. is at the 23rd percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Eileen Van Wyhe$36,000$36,000$36,000$36,000$36,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants132%$468K
Investment income$437
Total revenueLn 12$355K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30
Program services70%$230K
Management & general30%$99K
Total functional expensesLn 25$329K

Balance Sheet

Part X · end of year
CashLn 1$307K
Total assetsLn 16$307K
Total liabilitiesLn 26$15K
Total net assetsLn 32$292K
Months of cash on handcomputed11.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $307K · Operating expenses (Pt IX) $329K · Less non-cash grants $38K · Cash operating expenses/yr $291K
12.7 months
Where the money goes
Program services
Program services $230K · Total expenses $329K
70%
Management & General
Management & general $99K · Total expenses $329K
30%
Fundraising
Fundraising $0 · Total expenses $329K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $460K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $468K · Total revenue $355K
132%
Government reliance
Government grants — · Total revenue $355K
Earned-income share
Program service revenue $0 · Total revenue $355K
0%
Investment reliance
Investment income $437 · Total revenue $355K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $329K
0%
Growth & trend
Revenue growth (YoY)
This year $355K · Prior year $485K
-27%
Revenue CAGR
FY2020 $98K · FY2024 $355K
+38%
Net-asset trend (YoY)
End of year $292K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $355K · Expenses $329K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $307K
Net-asset ratio
Net assets $292K · Total assets $307K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $307K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eileen Van Wyhe · Reported title EX. DIRECTOR/SECR. · Highest reported compensation $36K · Total expenses $329K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41K · Total expenses $329K
12%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 30%
Fundraising cost ratio 0%
Revenue growth -27%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$22K
Grants paid · 11 grants · $1.0M · 2020–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$355K revenue · viewing · ⤓ 990 PDF
FY2023$485K revenue · ⤓ 990 PDF
FY2022$276K revenue · ⤓ 990 PDF
FY2021$268K revenue · ⤓ 990 PDF
FY2020$98K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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