PROJECT WET FOUNDATION INC (EIN 200281441) - 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

2003

Legal Domicile

Principal Officer

MORGAN CLOSE

Phone

4065852236

Tax Period

2024-01-01 to 2024-12-31

PROJECT WET FOUNDATION INC, founded in 2003, is a small nonprofit in the Environment sector that reported $673K in total revenue in fiscal year 2024. Expenses of $924K exceeded revenue, resulting in a 37% operating deficit.

Mission

ADVANCES WATER EDUCATION TO UNDERSTAND GLOBAL CHALLENGES AND INSPIRE LOCAL ACTIONS FOR WATER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $52,622

Program Service Revenue $341,203

Investment Income $36,441

Other Revenue $242,418

TOTAL REVENUE $672,684

Expense Breakdown

Grants Paid $1,588

Salaries & Benefits $579,541

Fundraising Expenses $71,193

Program Expenses $618,468

Other Expenses $342,586

TOTAL EXPENSES $923,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$672,684	$639,047	+0.1%
Expenses	$923,715	$938,533	0.0%
Net Income	$-251,031	$-299,486	-0.2%

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

$145,356

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONICA KILPATRICK	24-25 BOARD PRESIDENT	2.50	Officer Director	$0	$0	$0
SHANI COOKE	24-25 BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID M DAL POS	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
SHEA DUNIFON	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
JANE LAZGIN	BOARD MEMBER	1.50	Director	$0	$0	$0
KURT BABE	BOARD MEMBER	1.00	Director	$0	$0	$0
MEAGAN HELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN ETGEN	CEO	40.00	Officer	$122,414	$22,942	$145,356

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	$672,684	$923,715	$805,674	$-251,031
2023	$639,047	$938,533	$811,241	$-299,486
2022	$767,037	$981,508	$1,090,782	$-214,471
2021	$911,425	$822,643	$1,436,177	$88,782
2020	$743,373	$1,015,519	$1,372,623	$-272,146
2019	$754,564	$1,467,712	$1,577,268	$-713,148
2018	$953,942	$1,531,869	$2,140,801	$-577,927

PROJECT WET FOUNDATION INC