FRESHWATER PROJECT INTERNATIONAL INC (EIN 452809348) - 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

2012

Legal Domicile

Principal Officer

HEIDI RICKELS

Phone

3033587747

Tax Period

2024-01-01 to 2024-12-31

FRESHWATER PROJECT INTERNATIONAL INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $518K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $590K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE WATER AND SANITATION TO THE PEOPLE OF MALAWI.

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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 $511,598

Program Service Revenue $0

Investment Income $0

Other Revenue $6,276

TOTAL REVENUE $517,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,900

Fundraising Expenses $0

Program Expenses $513,108

Other Expenses $563,905

TOTAL EXPENSES $589,805

Year-over-Year Comparison

	2024	2023	Change
Revenue	$517,874	$443,179	+0.2%
Expenses	$589,805	$382,329	+0.5%
Net Income	$-71,931	$60,850	-2.2%

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

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

$25,900

Total Directors

$25,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI RICKELS	BOARD CHAIR/	30.00	Officer Director	$25,900	$0	$25,900
PHILIP WOLSTENHOLME	DIRECTOR	10.00	Director	$0	$0	$0
DAVID HARTLEY	TREASURER	10.00	Officer Director	$0	$0	$0
KATE ASHLEY	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	$517,874	$589,805	$31,319	$-71,931
2023	$443,179	$382,329	$105,354	$60,850
2022	$310,960	$296,668	$47,504	$14,292
2021	$289,121	$262,215	$101,575	$26,906

FRESHWATER PROJECT INTERNATIONAL INC