WATER WELL TRUST INC

EIN: 271659354 501(c)(3) Environment

DAVIDSON, NC

Total Revenue
$3,830,696
Total Expenses
$2,682,630
Total Assets
$5,291,574
Net Assets
$5,206,472
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NC
Principal Officer
MARGARET MARTENS
Phone
8335398200
Tax Period
2024-01-01 to 2024-12-31

WATER WELL TRUST INC, founded in 2009, is a community nonprofit in the Environment sector that reported $3.8M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 30% operating margin.

Mission

WATER WELL TRUST INC SHALL PROVIDE EDUCATION AND FINANICAL SUPPORT TO AID DOMESTIC WATER WELL OWNERS AND WATER QUALITY AND QUANTITY PROVIDED BY DOMESTIC WATER WELLS. WATER WELL TRUST INC HAS THE FOLLOWING OBJECTIVES: TO PROVIDE WELLS TO THOSE IN THE UNITED STATES WHO DO NOT HAVE A SAFE DRINKING WATER SUPPLY IN THERIR HOMES; TO PROTECT WELLS BY IDENTFIFYING RESOURCES FOR REHABILITATING EXISTING WELLS OR CONSTRUCTING NEW WELLS WHERE NEEDED; TO PROVIDE SAFE DRINKING WATER TO LOW-INCOME AND MINORITY HOUSEHOLDS IN AREAS BEST SERVED BY WELLS; TO DEVELP PROJECTS THAT USE WELLS AS APART OF AN AFFORDABLE, SAFE DRINKING WATER DELIVERY SYSTEM; AND TO DEVELP AND DELIVER EDUCATIONAL PROGRAMS TO PROMOTE WELLS AND TO PROTECT THE HEALTH AND DRINKING WATER SUPPLIES OF THOSE SERVED BY WELLS; AND TO PROVIDE SYPTIC SYSTEMS TO HOMES THAT ARE IN NEED OF PROPER DISPOSAL OF WASTE WATER.

Program Service Accomplishments

Program 1
Expenses: $2,481,903 Revenue: $1,549,669

WATER WELL TRUST INC PROVIDED EDUCATION, FINANICAL AID, DRILLED WELLS FOR FAMILIES IN THE USA WHO DID NOT HAVE A SAFE DRINKING WATER SUPPLY IN THEIR HOMES, AND PROVIDED SYPTIC SYSTEMS FOR HOMES THAT...

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WATER WELL TRUST INC PROVIDED EDUCATION, FINANICAL AID, DRILLED WELLS FOR FAMILIES IN THE USA WHO DID NOT HAVE A SAFE DRINKING WATER SUPPLY IN THEIR HOMES, AND PROVIDED SYPTIC SYSTEMS FOR HOMES THAT DID NOT HAVE A PROPER WAY OF DISPOSING OF WASTE 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 (2024)

Revenue Breakdown

Contributions & Grants $2,082,090
Program Service Revenue $1,549,669
Investment Income $11,554
Other Revenue $187,383
TOTAL REVENUE $3,830,696

Expense Breakdown

Grants Paid $0
Salaries & Benefits $394,162
Fundraising Expenses $56,403
Program Expenses $2,481,903
Other Expenses $2,288,468
TOTAL EXPENSES $2,682,630

Year-over-Year Comparison

2024 2023 Change
Revenue $3,830,696 $3,594,948 +0.1%
Expenses $2,682,630 $2,219,582 +0.2%
Net Income $1,148,066 $1,375,366 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
N/A

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
2
$117,853
Total Directors
9
$93,208
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
H A MILLS PRESIDENT 1.00
Director
$0 $0 $0
STEPHEN ANDERSON PAST PRESIDE 1.00
Director
$0 $0 $0
BRIAN IRWIN VICE PRESIDE 1.00
Director
$0 $0 $0
JESSE RICHARDSON SECRETARY 1.00
Director
$0 $0 $0
ELIZABETH MCCLAIN TREASURER 40.00
Officer Director
$93,208 $0 $93,208
ANNE EVANS BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN KOONCE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID RUTZ BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
MARGARET MARTENS EXECUTIVE DI 12.00
Officer
$24,645 $0 $24,645
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 $3,830,696 $2,682,630 $5,291,574 $1,148,066
2023 $3,594,948 $2,219,582 $4,142,125 $1,375,366
2022 $3,284,791 $2,200,160 $2,816,948 $1,084,631
2021 $1,730,280 $1,092,007 $1,655,918 $638,273
2020 $442,762 $404,454 $981,918 $38,308
2019 $631,768 $519,059 $946,007 $112,709
2018 $712,921 $486,337 $817,540 $226,584
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