Troubled Waters INC EIN 83-1319383 Form 990 (PDF) Claim this org

Troubled Waters INC

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Teaches culinary skills to aid addiction recovery and promote self-sufficiency. For fiscal year 2024 it reported $1.3M in revenue, $1.2M in expenses, and $301K in net assets.Pt I

Type
Public charity (501(c)(3)) · Mental Health
Location
Lowell, MA
Website
www.bridgeclubofgreaterlowell.org
Filings
5 on file (2020–2024)
Revenue
$1.3MFY2024
Expenses
$1.2M
Net assets
$301K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-1319383 Public charity (501(c)(3)) Lowell, MA
Form 990 (PDF)
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Size
$1–10M
What they do
Teaches culinary skills to aid addiction recovery and promote self-sufficiency.
Leadership
Robert O Cox · Executive Di · $126K
Money in and out
$1.3M revenue, $1.2M expenses
Bottom line
80% program efficiency
Where the money goes · FY2024
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$301K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $136K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.19 Fundraising $0.01
Program efficiency
80%
of spending reaches programs▲ +0.7% vs prior filing year
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▼ -27% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.3M
FY2024▲ +37%
Expenses
$1.2M
FY2024▲ +43%
Total assets
$323K
FY2024▲ +64%
Total liabilities
$23K
FY2024▼ -29%
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$301K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$136K
Total assetsPt X · Ln 16$323K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTroubled Waters INC
EINHdr · item D83-1319383
Principal addressHdr · item CLowell, MA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F50)
Ruling yearIRS BMFJun 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$126,334Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert O Cox’s $126K as Executive Di is at the 51st percentile of top reported officer pay among 1686 $1–10M mental health 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

NameFY2024FY2023FY2022
Robert O Cox$126,334$103,189$71,115

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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Mission & Programs · Part III

Where the work happens

2 program services account for $958K of program spending, described in the organization's own filed words · FY2024.
01

To create a positive environment of recovery from addiction. The organization facilitates meetings to assist in addiction treatment using guidelines set forth by alcoholics anonymous, narcotics anonymous and other treatment based groups.

$879Kprogram expense
02

The organization provides a training program for persons in early recovery in their "club kitchen- and will make food items that will be available at meetings while providing basic cafeteria style food preparation, including certification, in state required "serve safe" programs sponsored by the organization.

$79Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.1M · 82%
Other revenue$127K · 10%
Contributions & grants$107K · 8%
Program service revenue82%$1.1M
Other revenue10%$127K
Contributions & grants8%$107K
Total revenueLn 12$1.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.19 Fundraising $0.01
Program services80%$958K
Management & general19%$233K
Fundraising1%$7K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$86K
Total assetsLn 16$323K
Total liabilitiesLn 26$23K
Total net assetsLn 32$301K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $86K · Operating expenses (Pt IX) $1.2M · Less non-cash grants $10K · Cash operating expenses/yr $1.2M
0.9 months
Where the money goes
Program services
Program services $958K · Total expenses $1.2M
80%
Management & General
Management & general $233K · Total expenses $1.2M
19%
Fundraising
Fundraising $7K · Total expenses $1.2M
0.6%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $125K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $107K · Total revenue $1.3M
8%
Government reliance
Government grants — · Total revenue $1.3M
Earned-income share
Program service revenue $1.1M · Total revenue $1.3M
82%
Investment reliance
Investment income $0 · Total revenue $1.3M
0%
Program self-sufficiency
Program service revenue $1.1M · Total expenses $1.2M
92%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year $972K
+37%
Revenue CAGR
FY2020 $162K · FY2024 $1.3M
+69%
Net-asset trend (YoY)
End of year $301K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $1.2M
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $323K
Net-asset ratio
Net assets $301K · Total assets $323K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $323K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert O Cox · Reported title EXECUTIVE DI · Highest reported compensation $126K · Total expenses $1.2M
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $726K · Total expenses $1.2M
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 19%
Fundraising cost ratio 6%
Revenue growth 37%
Accounting fee ratio 0.7%

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 · FY2023
Total grants receivedfrom 1 funder$50K
Grants paid · 2 grants · $188K · 2023–2024
Unitemized GrantFY2024$114,631
Unitemized GrantFY2023$73,285

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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)$1.3M revenue · viewing · ⤓ 990 PDF
FY2023$972K revenue · ⤓ 990 PDF
FY2022$575K revenue · ⤓ 990 PDF
FY2021$142K revenue · ⤓ 990 PDF
FY2020$162K 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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