Water for Good

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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

2004

Legal Domicile

Phone

4793605030

Tax Period

2023-01-01 to 2023-12-31

Water for Good, founded in 2004, is a community nonprofit in the International Affairs sector that reported $8.6M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $7.7M left a modest 10% surplus.

Mission

Water for Good's mission is to transform lives through sustainable access to safe water, improved sanitation and hygiene in the places that need it most.

Program Service Accomplishments

Program 1

Expenses: $3,514,600 Revenue: $4,144

Water Access: WFG completed 124 new water points in 2023 which means 49,200 people received safe water for the first time. This included 15 solar-powered pump systems, 86 tapstands, and 38 handpumps...

Program 2

Expenses: $1,562,831 Revenue: $34,774

Maintenance: WFG targets a visit to each pump in the program twice per year and performs regular maintenance to ensure constant uptime. In 2023, 3,628 maintenance visits were completed in 2023 with 92% of water pumps in the maintenance program having a functional status after the visit.

Program 3

Expenses: $496,523

Advocacy: WFG will influence external support and implementing organizations to take action in line with the common principles and focus on systematic approaches to universal access to sustainable...

Advocacy: WFG will influence external support and implementing organizations to take action in line with the common principles and focus on systematic approaches to universal access to sustainable WASH service delivery, and provide overall direction and coordination in CAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,496,057

Program Service Revenue $35,203

Investment Income $31,287

Other Revenue $3,054

TOTAL REVENUE $8,565,601

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $3,442,600

Fundraising Expenses $1,263,250

Program Expenses $5,864,067

Other Expenses $4,247,882

TOTAL EXPENSES $7,705,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,565,601	$7,179,351	+0.2%
Expenses	$7,705,482	$6,430,923	+0.2%
Net Income	$860,119	$748,428	+0.1%

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

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

$203,669

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice Chair	5.0	Officer Director	$0	$0	$0
N/A	Board Chair	5.0	Officer Director	$0	$0	$0
N/A	Secretary	5.0	Officer Director	$0	$0	$0
N/A	Board Member	5.0	Director	$0	$0	$0
N/A	Board Member (part year)	5.0	Director	$0	$0	$0
N/A	Board Member (part year)	5.0	Director	$0	$0	$0
N/A	Board Member	5.0	Director	$0	$0	$0
N/A	Board Member	5.0	Director	$0	$0	$0
N/A	Board Member	5.0	Director	$0	$0	$0
N/A	CEO	40.0	Officer	$167,250	$36,419	$203,669
N/A	Founder	40.0	Highest	$126,075	$6,304	$132,379
N/A	Chief Development Officer	40.0	Highest	$110,500	$30,281	$140,781

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	No data	No data	No data	No data
2023	$8,565,601	$7,705,482	$4,532,892	$860,119
2022	$7,179,351	$6,430,923	$3,874,376	$748,428
2021	$5,973,756	$5,998,905	$3,104,528	$-25,149
2020	$5,863,957	$5,045,080	$3,251,961	$818,877
2019	$4,471,753	$5,280,212	$2,828,426	$-808,459