WATERHOSE MINISTRIES INC (EIN 204001650) - 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

2007

Legal Domicile

Principal Officer

JAMES R RIGGIN

Phone

8066870665

Tax Period

2025-01-01 to 2025-12-31

WATERHOSE MINISTRIES INC, founded in 2007, is a small nonprofit in the Religion sector that reported $122K in total revenue in fiscal year 2025. Revenue decreased 11% compared to the prior year. Expenses of $117K left a modest 4% surplus.

Mission

TO CONDUCT LOCAL CHURCH SERVICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $121,800

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $121,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,237

Fundraising Expenses $0

Program Expenses $117,172

Other Expenses $66,935

TOTAL EXPENSES $117,172

Year-over-Year Comparison

	2025	2024	Change
Revenue	$121,800	$137,024	-0.1%
Expenses	$117,172	$139,821	-0.2%
Net Income	$4,628	$-2,797	-2.7%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY CASEY	MEMBER	0.00	Director	$0	$0	$0
BRUCE SLAUGHTER	MEMBER	0.00	Director	$0	$0	$0
DANNY FARR	MEMBER	0.00	Director	$0	$0	$0
STEVEN HART	MEMBER	0.00	Director	$0	$0	$0
JAMES R RIGGIN	PRESIDENT	40.00	Officer	$0	$0	$0
JENNIFER J RIGGIN	SECRETARY	10.00	Officer	$0	$0	$0

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
2025	$121,800	$117,172	$55,673	$4,628
2024	No data	No data	No data	No data
2023	$147,263	$139,867	$53,842	$7,396
2022	$113,726	$116,257	$46,446	$-2,531
2021	$135,649	$116,340	$49,164	$19,309
2020	$103,729	$87,345	$29,590	$16,384
2019	$112,337	$111,104	$12,897	$1,233
2018	$156,461	$158,852	$11,679	$-2,391

WATERHOSE MINISTRIES INC