WATER282 (EIN 455434560) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

JACOB EUBANKS

Phone

3343562259

Tax Period

2023-01-01 to 2023-12-31

WATER282, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $360K in total revenue in fiscal year 2020. Revenue surged 85% from the prior year, signaling strong growth momentum.

Mission

WATER282 IS TACKLING THE WORLD'S LEADING HEALTH PROBLEM ONE WELL AT A TIME, BY CONNECTING A LOCAL ORGANIZATION TO AN AFRICAN VILLAGE IN EXTREME POVERTY TO SUPPLY CLEAN, SAFE DRINKING WATER.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $102,949

Program Service Revenue $0

Investment Income $33

Other Revenue $0

TOTAL REVENUE $102,982

Expense Breakdown

Grants Paid $20,100

Salaries & Benefits $54,578

Fundraising Expenses $0

Program Expenses $61,631

Other Expenses $24,417

TOTAL EXPENSES $99,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,982	$122,311	-0.2%
Expenses	$99,095	$119,831	-0.2%
Net Income	$3,887	$2,480	+0.6%

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

$31,368

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIBBY EUBANKS	TREASURER	3.00	Officer Director	$0	$0	$0
MIKE MOLINA	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRAD ARMAGOST	SECRETARY	1.00	Officer Director	$0	$0	$0
WALTER ALBRITTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY CARROLL	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB WHITSITT	BOARD MEMBER	1.00	Director	$0	$0	$0
PRESTON GOTTHARD	BOARD MEMBER	1.00	Director	$0	$0	$0
JACOB EUBANKS	CEO	45.00	Officer	$31,368	$0	$31,368

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	$102,982	$99,095	$20,767	$3,887
2022	$122,311	$119,831	$20,419	$2,480
2021	$286,997	$297,148	$25,562	$-10,151
2020	$359,752	$359,931	$24,815	$-179

WATER282