THE THIRST PROJECT (EIN 352339840) - 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

2008

Legal Domicile

Principal Officer

SETH MAXWELL

Phone

3237465017

Tax Period

2023-01-01 to 2023-12-31

THE THIRST PROJECT, founded in 2008, is a small nonprofit in the International Affairs sector that reported $711K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $915K exceeded revenue, resulting in a 29% operating deficit.

Mission

THIRST PROJECT IS A NONPROFIT ORGANIZATION THAT WORKS WITH THE SUPPORT OF YOUNG PEOPLE TO END THE GLOBAL WATER CRISIS BY BUILDING FRESHWATER WELLS AS PART OF WATER, SANITATION, & HYGIENE (W.A.S.H.) PROJECTS IN DEVELOPING COMMUNITIES THAT NEED SAFE, CLEAN DRINKING 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $710,822

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $710,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $19,549

Program Expenses $875,463

Other Expenses $915,048

TOTAL EXPENSES $915,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$710,822	$854,041	-0.2%
Expenses	$915,048	$795,611	+0.2%
Net Income	$-204,226	$58,430	-4.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH MAXWELL	President	40.00	Officer Director	$0	$0	$0
ANDREW BALDWIN	Treasurer	1.00	Officer Director	$0	$0	$0
MICHELLE O'DROSKE	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL C MANNING	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
BLAKE STANTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MCCLOSKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBIE BRACKEEN	BOARD MEMBER	1.00	Director	$0	$0	$0
WYCK GODFREY	BOARD MEMBER	1.00	Director	$0	$0	$0
T S NOWLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
DR MARY KERR-GODFREY	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$710,822	$915,048	$575,647	$-204,226
2022	$854,041	$795,611	$786,871	$58,430
2021	$1,091,143	$1,100,042	$720,999	$-8,899
2020	$639,999	$849,675	$724,344	$-209,676
2019	$1,287,825	$923,613	$924,293	$364,212
2019	$1,304,825	$923,612	$941,294	$381,213
2018	$494,297	$469,849	$30,089	$24,448
2018	$1,049,232	$468,398	$585,024	$580,834

THE THIRST PROJECT