WORLDSERVE INTERNATIONAL (EIN 431535009) - 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

2001

Legal Domicile

Principal Officer

DAVID BONGIORNO

Phone

5732073744

Tax Period

2023-01-01 to 2023-12-31

WORLDSERVE INTERNATIONAL, founded in 2001, is a mid-sized nonprofit in the International Affairs sector that reported $12.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION PROVIDES CLEAN WATER, ECONOMIC AND AGRICULTURE DEVELOPMENT ASSISTANCE TO THE THIRD WORLD, PRIMARILY IN 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 (2023)

Revenue Breakdown

Contributions & Grants $12,255,362

Program Service Revenue $0

Investment Income $47,774

Other Revenue $-238,072

TOTAL REVENUE $12,065,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $567,045

Fundraising Expenses $470,438

Program Expenses $11,440,153

Other Expenses $12,117,394

TOTAL EXPENSES $12,684,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,065,064	$10,404,954	+0.2%
Expenses	$12,684,439	$7,437,833	+0.7%
Net Income	$-619,375	$2,967,121	-1.2%

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

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

$170,000

Total Directors

$170,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR RANDALL K BARTON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL CARDONE III	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DOUG PITT	DIRECTOR	5.00	Director	$0	$0	$0
GARY RENAUD	SECRETARY/TREASURER	15.00	Officer Director	$0	$0	$0
DEAN RIESEN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BONGIORNO	PRESIDENT	40.00	Officer Director	$170,000	$0	$170,000
SAM CORYELL	DIRECTOR	1.00	Director	$0	$0	$0
JACK NICKLAUS II	DIRECTOR	1.00	Director	$0	$0	$0
DR LESLEY HAWLEY	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY TOLLIVER	DIRECTOR	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	$12,065,064	$12,684,439	$3,524,346	$-619,375
2022	$10,404,954	$7,437,833	$5,156,138	$2,967,121
2021	$6,646,945	$5,789,644	$1,479,021	$857,301
2020	$3,749,505	$4,919,242	$910,606	$-1,169,737
2019	$2,884,404	$3,125,667	$1,814,845	$-241,263
2018	$3,206,744	$3,269,552	$2,080,408	$-62,808

WORLDSERVE INTERNATIONAL