DRILLING FOR LIFE (EIN 383787384) - 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

RONALD R WEAVER

Phone

7176824089

Tax Period

2024-01-01 to 2024-12-31

DRILLING FOR LIFE, founded in 2008, is a small nonprofit in the International Affairs sector that reported $365K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $322K left a modest 12% surplus.

Mission

DRILLING FOR LIFE IS A CHARITABLE CHRISTIAN MINISTRY ESTABLISHED FOR THE PURPOSE OF PROVIDING CLEAN, POTABLE WATER TO PEOPLE WHO LACK THE BASIC NECESSITIES OF LIFE IN THE REGIONS SURROUNDING EAST AFRICA.

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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 $364,514

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $364,514

Expense Breakdown

Grants Paid $292,949

Salaries & Benefits $0

Fundraising Expenses $1,270

Program Expenses $312,988

Other Expenses $29,354

TOTAL EXPENSES $322,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,514	$397,607	-0.1%
Expenses	$322,303	$839,600	-0.6%
Net Income	$42,211	$-441,993	-1.1%

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

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
GLENN Z HORST	BOARD MEMBER	1.00	Director	$0	$0	$0
GALEN MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
EUGENE SNADER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
EARL WEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
RONALD R WEAVER	PRESIDENT/CH	3.00	Officer 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	$364,514	$322,303	$195,778	$42,211
2023	$397,607	$839,600	$153,567	$-441,993
2022	$749,714	$388,619	$595,560	$361,095
2021	$350,325	$367,155	$234,465	$-16,830
2020	$270,654	$307,450	$251,295	$-36,796
2019	$311,283	$190,614	$288,091	$120,669
2018	$241,453	$344,889	$167,422	$-103,436

DRILLING FOR LIFE