THE WATER PROJECT INC (EIN 261455510) - 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

STAN PATYRAK

Phone

6033693858

Tax Period

2024-01-01 to 2024-12-31

THE WATER PROJECT INC, founded in 2007, is a community nonprofit in the International Affairs sector that reported $6.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $5.7M left a modest 10% surplus.

Mission

THE WATER PROJECT, INC. UNLOCKS HUMAN POTENTIAL BY BUILDING AND CONNECTING GLOBAL NETWORKS OF LOCAL LEADERS, COMMUNITIES OF GENEROUS SUPPORTERS, AND AN INFORMED PUBLIC TO PROVIDE SUSTAINABLE WATER AND SANITATION PROGRAMS TO NEEDLESSLY SUFFERING COMMUNITIES IN DEVELOPING COUNTRIES. DONATIONS ARE LINKED TO SPECIFIC WATER PROJECTS THROUGH ONLINE REPORTING, ALLOWING DONORS TO SEE HOW SPECIFIC WATER PROGRAMS IMPACT COMMUNITIES AND VIEW THE ONGOING FUNCTIONALITY OF THOSE PROJECTS.

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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 $6,011,926

Program Service Revenue $0

Investment Income $348,485

Other Revenue $0

TOTAL REVENUE $6,360,411

Expense Breakdown

Grants Paid $2,022,921

Salaries & Benefits $2,475,790

Fundraising Expenses $1,260,466

Program Expenses $4,013,067

Other Expenses $1,213,987

TOTAL EXPENSES $5,712,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,360,411	$5,605,523	+0.1%
Expenses	$5,712,698	$5,723,374	0.0%
Net Income	$647,713	$-117,851	-6.5%

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

$220,207

Total Directors

$220,207

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R PETER CHASSE	PRESIDENT	50.00	Officer Director	$187,688	$32,519	$220,207
TODD BOURGEOIS	CHAIRMAN	0.50	Officer Director	$0	$0	$0
ADAM CHACE	DIRECTOR/TRE	0.50	Officer Director	$0	$0	$0
JEANNE MCKINLEY	DIRECTOR/SEC	0.50	Officer Director	$0	$0	$0
CASEY GOBEIL	DIRECTOR	0.50	Director	$0	$0	$0
GINGER HOLTON	DIRECTOR	0.50	Director	$0	$0	$0
RONALD WAMALA	DIRECTOR	0.50	Director	$0	$0	$0
STAN PATYRAK	EXECUTIVE VP	50.00	Highest	$188,923	$32,583	$221,506
DANIEL KIM	DIR OF FINAN	50.00	Highest	$136,562	$29,803	$166,365
CHRISTOPHER CARVACHE	FULL STACK D	40.00	Highest	$117,760	$27,990	$145,750
THERESA CRICK	SR MAJR GIFT	40.00	Highest	$117,539	$13,781	$131,320
CARRIE WEST	MAJOR GIFTS	40.00	Highest	$103,048	$12,917	$115,965

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	$6,360,411	$5,712,698	$10,526,567	$647,713
2023	$5,605,523	$5,723,374	$9,325,238	$-117,851
2022	$7,191,384	$6,565,466	$9,028,293	$625,918
2021	$7,242,242	$4,632,341	$8,538,789	$2,609,901
2020	$5,424,905	$2,850,126	$5,877,751	$2,574,779
2019	$3,305,749	$3,475,816	$3,299,620	$-170,067
2018	$2,922,717	$3,395,425	$3,496,617	$-472,708

THE WATER PROJECT INC