World Water Project (EIN 271314664) - 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

Douglas Harris

Phone

8653000042

Tax Period

2024-01-01 to 2024-12-31

World Water Project, founded in 2009, is a small nonprofit in the Religion sector that reported $897K in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. Expenses of $818K left a modest 9% surplus.

Mission

World Water Project's primary activities include relief to the poor, distressed and underprivileged in developing countries. Also, to develop and distribute safe water filtration systems and provide educational services relating to water purification, sanitization and filtration systems.

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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 $928,674

Program Service Revenue $0

Investment Income $0

Other Revenue $-31,484

TOTAL REVENUE $897,190

Expense Breakdown

Grants Paid $719,238

Salaries & Benefits $0

Fundraising Expenses $176

Program Expenses $817,834

Other Expenses $99,125

TOTAL EXPENSES $818,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$897,190	$476,202	+0.9%
Expenses	$818,363	$452,795	+0.8%
Net Income	$78,827	$23,407	+2.4%

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

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
Douglas Harris	President/CEO	5.00	Officer Director	$0	$0	$0
David Ragland	Director/Co-Founder	1.00	Director	$0	$0	$0
Jon Boggs	Secretary/Treasurer	2.00	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
2024	$897,190	$818,363	$101,834	$78,827
2023	$476,202	$452,795	$23,007	$23,407
2022	$490,800	$519,985	$9,600	$-29,185
2021	$497,252	$514,978	$28,785	$-17,726
2020	$496,328	$506,186	$46,511	$-9,858
2019	$497,910	$520,660	$56,369	$-22,750
2018	$493,453	$683,097	$80,094	$-189,644

World Water Project