PLANET WATER FOUNDATION

EIN: 271236020 501(c)(3)

PHOENIX, AZ

Total Revenue
$3,527,737
Total Expenses
$3,474,659
Total Assets
$3,346,987
Net Assets
$1,871,575
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NE
Principal Officer
MARK STEELE
Phone
8777113083
Tax Period
2025-01-01 to 2025-12-31

PLANET WATER FOUNDATION, founded in 2009, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

TO HELP ALLEVIATE WATERBORNE DISEASE, ILLNESS AND DEATH IN THE WORLD'S MOST DISADVANTAGED SCHOOLS AND SURROUNDING COMMUNITIES, PRIMARILY THROUGHOUT ASIA AND MEXICO, BY PROVIDING ACCESS TO CLEAN WATER THROUGH THE INSTALLATION OF CLEAN WATER SOLUTIONS AND THE IMPLEMENTATION OF WATER-HEALTH AND HYGIENE EDUCATION PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $2,922,615 Revenue: $12,002

PLANET WATER FOUNDATION HAS DEPLOYED PROJECTS IN COUNTRIES THROUGHOUT EAST ASIA AND THE PACIFIC, SOUTH ASIA, NORTH AMERICA, SOUTH AMERICA, CENTRAL AMERICA AND THE CARIBBEAN. THESE PROJECTS INCLUDE...

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PLANET WATER FOUNDATION HAS DEPLOYED PROJECTS IN COUNTRIES THROUGHOUT EAST ASIA AND THE PACIFIC, SOUTH ASIA, NORTH AMERICA, SOUTH AMERICA, CENTRAL AMERICA AND THE CARIBBEAN. THESE PROJECTS INCLUDE THE INSTALLATION OF 197 COMMUNITYBASED CLEAN WATER SOLUTIONS AND EDUCATION PROGRAMS ON WATER HEALTH ANDHYGIENE. THE PROJECTS ARE FOCUSED ON SCHOOLS, CHILDREN AND RURAL COMMUNITIES WHO LACK ACCESS TO CLEAN, SAFE 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $3,495,017
Program Service Revenue $12,002
Investment Income $20,718
Other Revenue $0
TOTAL REVENUE $3,527,737

Expense Breakdown

Grants Paid $0
Salaries & Benefits $304,740
Fundraising Expenses $262,724
Program Expenses $2,922,615
Other Expenses $3,169,919
TOTAL EXPENSES $3,474,659

Year-over-Year Comparison

2025 2024 Change
Revenue $3,527,737 $4,909,604 -0.3%
Expenses $3,474,659 $3,745,901 -0.1%
Net Income $53,078 $1,163,703 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
5
Employees
2
Volunteers
1169

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
3
$284,199
Total Directors
9
$284,199
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK STEELE CHAIR/CEO 40.00
Officer Director
$152,747 $15,702 $168,449
KRISTEN STEELE PRESIDENT/SE 40.00
Officer Director
$115,750 $0 $115,750
NICHOLAS HILL VICE CHAIR 0.15
Officer Director
$0 $0 $0
MAINOR VEGA DIRECTOR 0.15
Director
$0 $0 $0
MARK CAIN DIRECTOR 0.15
Director
$0 $0 $0
GREG SHULZE DIRECTOR 0.15
Director
$0 $0 $0
JANIE ILUSTRE-ALFONSO DIRECTOR 0.15
Director
$0 $0 $0
CHRISTOPHER WHITE DIRECTOR 0.15
Director
$0 $0 $0
NICK KENDALL-JONES DIRECTOR 0.15
Director
$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 $3,527,737 $3,474,659 $3,346,987 $53,078
2024 $4,909,604 $3,745,901 $3,166,152 $1,163,703
2023 $3,276,663 $4,190,055 $3,100,654 $-913,392
2022 $3,712,850 $3,414,670 $2,342,663 $298,180
2021 $2,655,482 $2,230,411 $1,993,846 $425,071
2020 $2,340,295 $2,046,357 $1,463,212 $293,938
2019 $2,166,959 $2,434,924 $714,721 $-267,965
2018 $2,896,669 $2,341,618 $1,038,614 $555,051
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