Civic Intelligence

Warriors & Quiet Waters Foundation Inc

990 • Fiscal year 2014 • EIN 20-8837637

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 24, 2015

1087 Stoneridge Drive Ste 1Bozeman, MT 59718

(406) 585-9793

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

30th percentile

0.04x

Higher debt load relative to revenue than 30% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$67,824

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

90th percentile

39%

Faster asset growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

93rd percentile

89%

Faster revenue growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,199,481

Up $334,341 (+39%) from 2013

Net Assets

Up

$1,164,396

Up $301,305 (+35%) from 2013

Liabilities

Up

$35,085

Up $33,036 (+1612%) from 2013

Revenue

Up

$974,890

Up $459,297 (+89%) from 2013

Expenses

Up

$673,585

Up $295,288 (+78%) from 2013

Net Income

Up

$301,305

Up $164,009 (+119%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $311,121Liabilities 2010: $0Net Assets 2010: $311,1212010Assets 2011: $574,195Liabilities 2011: $0Net Assets 2011: $574,1952011Assets 2012: $725,803Liabilities 2012: $8Net Assets 2012: $725,7952012Assets 2013: $865,140Liabilities 2013: $2,049Net Assets 2013: $863,0912013Assets 2014: $1,199,481Liabilities 2014: $35,085Net Assets 2014: $1,164,3962014Assets 2015: $7,320,316Liabilities 2015: $41,635Net Assets 2015: $7,278,6812015Assets 2016: $9,825,715Liabilities 2016: $44,733Net Assets 2016: $9,780,9822016Assets 2017: $11,817,609Liabilities 2017: $66,758Net Assets 2017: $11,750,8512017Assets 2018: $14,829,598Liabilities 2018: $1,199,418Net Assets 2018: $13,630,1802018Assets 2019: $17,735,180Liabilities 2019: $1,241,873Net Assets 2019: $16,493,3072019Assets 2020: $22,068,312Liabilities 2020: $1,202,055Net Assets 2020: $20,866,2572020Assets 2021: $23,644,038Liabilities 2021: $1,215,934Net Assets 2021: $22,428,1042021Assets 2022: $20,931,822Liabilities 2022: $1,246,804Net Assets 2022: $19,685,0182022Assets 2023: $23,896,502Liabilities 2023: $2,030,386Net Assets 2023: $21,866,1162023Assets 2024: $28,798,647Liabilities 2024: $1,085,171Net Assets 2024: $27,713,4762024

Highlighted filing

2014

Assets$1,199,481
Liabilities$35,085
Net Assets$1,164,396

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2010: $197,676Expenses 2010: $105,468Net Income 2010: $92,2082010Expenses 2011: $212,6142011Expenses 2012: $279,1682012Revenue 2013: $515,593Expenses 2013: $378,297Net Income 2013: $137,2962013Revenue 2014: $974,890Expenses 2014: $673,585Net Income 2014: $301,3052014Revenue 2015: $6,943,139Expenses 2015: $827,379Net Income 2015: $6,115,7602015Revenue 2016: $3,645,809Expenses 2016: $1,045,687Net Income 2016: $2,600,1222016Revenue 2017: $3,079,918Expenses 2017: $1,244,717Net Income 2017: $1,835,2012017Revenue 2018: $4,025,996Expenses 2018: $1,556,273Net Income 2018: $2,469,7232018Revenue 2019: $3,671,812Expenses 2019: $1,838,317Net Income 2019: $1,833,4952019Revenue 2020: $5,371,879Expenses 2020: $1,602,823Net Income 2020: $3,769,0562020Revenue 2021: $3,695,132Expenses 2021: $2,576,720Net Income 2021: $1,118,4122021Revenue 2022: $3,554,879Expenses 2022: $3,624,205Net Income 2022: -$69,3262022Revenue 2023: $4,556,103Expenses 2023: $3,849,677Net Income 2023: $706,4262023Revenue 2024: $10,361,995Expenses 2024: $4,823,953Net Income 2024: $5,538,0422024

Highlighted filing

2014

Revenue$974,890
Expenses$673,585
Net Income$301,305
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 24, 2015
Return Version
2014v5.0
Gross Receipts
$1,063,594
Mission and Program Overview

Mission

Through the experience of fly fishing in Montana, Warriors & Quiet Waters Foundation is a catalyst for positive change in the lives of post-9/11 combat veterans and their loved ones.

To help reintegrate traumatically combat-injured u.s. Veterans and active service members from recent wars into society by building hope and resilience, facilitating camaraderie, and providing security and serenity through fly fishing and other high quality therapeutic recreational mediums in southwest montana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$813,177$991,665▲ $178,488
Cash and Non-Interest-Bearing Accounts$37,963$137,495▲ $99,532
Prepaid Expenses and Deferred Charges$14,000$48,224▲ $34,224
Inventories for Sale or Use-$10,497-
Land, Buildings, and Equipment, Net-$10,400-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$865,140$1,199,481▲ $334,341
Other Assets Total-$1,200-
Liabilities
Accounts Payable and Accrued Expenses$2,049$35,085▲ $33,036
Total Liabilities$2,049$35,085▲ $33,036
Net Assets / Fund Balance
Unrestricted Net Assets$863,091$1,164,396▲ $301,305
Total Net Assets Fund Balance$863,091$1,164,396▲ $301,305
Total Liabilities and Net Assets / Fund Balance$865,140$1,199,481▲ $334,341

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,400$1,600$12,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Seth JordanExecutive DirectorFT$64,534$3,290$67,824

Board Members and Trustees

NameTitle
Eric HastingsPresident
Joe EsparzaVice President
Cliff MyersDirector
Diane BristolDirector
Ed BrandtDirector
Jim BorowskiDirector
TOM O'CONNORDirector
Ted CampbellDirector
Voss SartainDirector
Ryan OlsonSecretary
Tom FultonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$847,200
Program Service Revenue
$0
Investment Income
$1,637
Other Revenue
$126,053
All Other Contributions
$755,200
Change in Net Assets
$301,305

Audited Revenue Reconciliation

Revenue per Audited Statements
$974,890
Revenue Not Reported on Form 990
$221,102
Total Revenue per Audited Statements
$1,195,992
Total Revenue per Form 990
$974,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$442,443
Salaries, Compensation, and Employee Benefits$231,142
Total Fundraising Expense$142,260
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$159,488-$912$160,400
Fees for Services Other$92,210-$49,120$141,330
Other Salaries and Wages$65,285$21,076$48,122$134,483
Current Officers, Directors, Trustees, and Key Employees$48,159$9,743$9,742$67,644
Occupancy$10,478$2,402$5,681$18,561
Office Expenses$3,895$4,188$9,538$17,621
Payroll Taxes$8,685$2,043$4,506$15,234
Other Employee Benefits$5,501$2,957$5,323$13,781
Advertising$4,339-$6,368$10,707
Information Technology$2,463$111$2,876$5,450
Other Expenses$5,343-$72$5,343
Conferences and Meetings$2,255$1,437-$3,692
Insurance$2,976--$2,976
Depreciation Depletion$1,600--$1,600
Fees for Services Accounting-$1,453-$1,453
Total Functional Expenses$485,915$45,410$142,260$673,585

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$889,344
Total Expenses per Form 990$673,585
Expenses per Audited Statements$668,242
Expenses Not Reported on Form 990$221,102
Expenses Not Reported on Financial Statements$5,343
Other Expense Adjustments$5,343
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$213,358
Fundraising Direct Expenses$88,704
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$245,211$153,211$26,656$126,555
Semper Fly$36,617$36,617$8,569$28,048
Total Events$305,358$213,358$85,859$127,499
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the form 990 will be provided to all board members via email. Once the board members have had a chance to review and provide any comments/corrections and then approve, the form 990 will be filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

At the time the policy was written, the board discussed possible conflicts of interest and is currently working on revising the by-laws to have a clearer policy in regards to conflicts of interest and monitoring/enforcement of conflicts of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The organization hired an outside hr specialist to assist the board with initial job descriptions and compensation. This individual also assists the board with the hiring process and job offers.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Warriors & Quiet Waters Foundation Inc
EIN
20-8837637
Phone
4065859793
Address
1087 STONERIDGE DRIVE STE 1, BOZEMAN, MT 59718

Signing Officer

Name
Tom Fulton
Title
Treasurer
Signed
2015-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Fulton
Formed
2007
Legal Domicile
Mt
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
138

Preparer

Firm
Amatics CPA Group
Address
220 West Lamme Suite 3-A, Bozeman, MT 59715
Preparer
Heidi Giem
Phone
4064041925
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1: Change of Accounting Method

Overall change from cash to accrual

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

The organization, both management and board members, received and reviewed a draft of the reviewed financials before they were issued by the independent accountant during 2014.

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Events netted against income $88704

Part XII, Line 2D: Other expenses and losses per audited F/S

Special events against revenue $88704

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

481(A) ADJUSTMENT $5343

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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt11Executive Dir.
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OtherExpensesGrp/Desc0GEAR FOR WARRIORS
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IRS990/PrincipalOfficerNm0TOM FULTON
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0428714
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0473396
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03990
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportPY170Pct00.91060
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0193686
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02444815
IRS990ScheduleA/TotalSupportAmt02455822
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/DonatedServicesUseFcltsAmt0132398
IRS990ScheduleD/EquipmentGrp/BookValueAmt010400
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01600
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012000
IRS990ScheduleD/ExpensesNotReportedAmt0221102
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt05343
IRS990ScheduleD/ExpensesSubtotalAmt0668242

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.8$1.09$27.7$10.4$4.82$5.54
2023Detailed filing. Detailed filing data is available for this year.$23.9$2.03$21.9$4.56$3.85$0.71
2022Detailed filing. Detailed filing data is available for this year.$20.9$1.25$19.7$3.55$3.62$0.07
2021Detailed filing. Detailed filing data is available for this year.$23.6$1.22$22.4$3.70$2.58$1.12
2020Detailed filing. Detailed filing data is available for this year.$22.1$1.20$20.9$5.37$1.60$3.77
2019Detailed filing. Detailed filing data is available for this year.$17.7$1.24$16.5$3.67$1.84$1.83
2018Detailed filing. Detailed filing data is available for this year.$14.8$1.20$13.6$4.03$1.56$2.47
2017Detailed filing. Detailed filing data is available for this year.$11.8$0.07$11.8$3.08$1.24$1.84
2016Detailed filing. Detailed filing data is available for this year.$9.83$0.04$9.78$3.65$1.05$2.60
2015Detailed filing. Detailed filing data is available for this year.$7.32$0.04$7.28$6.94$0.83$6.12
2014Detailed filing. Detailed filing data is available for this year.$1.20$0.04$1.16$0.97$0.67$0.30
2013Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.86$0.52$0.38$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.73$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$0.20$0.11$0.09