Water4 Inc

EIN: 263260581 501(c)(3) Human Services

Oklahoma City, OK

Total Revenue
$11,863,945
Total Expenses
$8,488,712
Total Assets
$15,739,245
Net Assets
$14,145,547
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
OK
Phone
4055518214
Tax Period
2024-01-01 to 2024-12-31

Water4 Inc, founded in 2008, is a mid-sized nonprofit in the Human Services sector that reported $11.9M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 28% operating margin.

Mission

Water4 builds safe water businesses that provide treated, piped water to every home and community.Always.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,293,498
Program Service Revenue $0
Investment Income $302,722
Other Revenue $267,725
TOTAL REVENUE $11,863,945

Expense Breakdown

Grants Paid $4,598,462
Salaries & Benefits $2,422,160
Fundraising Expenses $1,460,186
Program Expenses $6,411,216
Other Expenses $1,468,090
TOTAL EXPENSES $8,488,712

Year-over-Year Comparison

2024 2023 Change
Revenue $11,863,945 $9,444,707 +0.3%
Expenses $8,488,712 $9,025,404 -0.1%
Net Income $3,375,233 $419,303 +7.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
27
Volunteers
100

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
4
$605,408
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard C Greenly Board Chariman 1.0
Officer Director
$0 $0 $0
David Plemons Board member 1.0
Director
$0 $0 $0
David Woods Board member 1.0
Director
$0 $0 $0
Jason Trice Board member 1.0
Director
$0 $0 $0
Marty Grubbs Board member 1.0
Director
$0 $0 $0
Mary Lippert Board member 1.0
Director
$0 $0 $0
Michele Wymer Board member 1.0
Director
$0 $0 $0
Matthew Hangen President & CEO 40.0
Officer
$265,827 $85,809 $351,636
Richard Klopp Chief Revenue Officer & Secretary 40.0
Officer
$115,885 $10,744 $126,629
Richard R Webb Director of Finance 40.0
Officer
$117,690 $9,453 $127,143
John Campbell CEO of NUMA Sierra Leone 40.0
Highest
$137,721 $21,270 $158,991
Kacy Lowe Senior Director of Development 40.0
Highest
$131,860 $10,522 $142,382
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 No data No data No data No data
2024 $11,863,945 $8,488,712 $15,739,245 $3,375,233
2023 $9,444,707 $9,025,404 $12,646,040 $419,303
2022 $9,269,647 $8,253,036 $12,072,489 $1,016,611
2021 $9,385,972 $6,900,987 $7,308,719 $2,484,985
2020 $6,668,475 $6,195,578 $4,707,014 $472,897
2019 $5,826,084 $5,764,121 $4,387,099 $61,963
2018 $6,458,568 $6,134,818 $4,308,110 $323,750
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