PLANET WATER FOUNDATION (EIN 271236020) - 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

2009

Legal Domicile

Principal Officer

MARK STEELE

Phone

8777113083

Tax Period

2024-01-01 to 2024-12-31

PLANET WATER FOUNDATION, founded in 2009, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 24% operating margin.

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.

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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 $4,884,507

Program Service Revenue $19,000

Investment Income $6,097

Other Revenue $0

TOTAL REVENUE $4,909,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,705

Fundraising Expenses $270,441

Program Expenses $3,081,281

Other Expenses $3,463,196

TOTAL EXPENSES $3,745,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,909,604	$3,276,663	+0.5%
Expenses	$3,745,901	$4,190,055	-0.1%
Net Income	$1,163,703	$-913,392	-2.3%

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

1180

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

$264,052

Total Directors

$264,052

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK STEELE	CHAIR/CEO	40.00	Officer Director	$133,602	$20,212	$153,814
KRISTEN STEELE	PRESIDENT/SE	40.00	Officer Director	$110,238	$0	$110,238
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 ILLUSTRE ALFONSO	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
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

PLANET WATER FOUNDATION