Village Water Filters Inc

EIN: 464601018 501(c)(3) Unknown

Grand Rapids, MI

Total Revenue
$82,694
Total Expenses
$36,304
Total Assets
$276,355
Net Assets
$191,255
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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
2014
Legal Domicile
MI
Principal Officer
Jereme Lambert
Phone
8332296753
Tax Period
2024-01-01 to 2024-12-31

Village Water Filters Inc, founded in 2014, is a micro nonprofit in the Unknown sector that reported $83K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $46K, a strong 56% operating margin.

Mission

Our mission is to connect people, businesses and innovation together so people everywhere have clean and safe drinking water by providing them with water filters.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $55,591
Program Service Revenue $0
Investment Income $0
Other Revenue $27,103
TOTAL REVENUE $82,694

Expense Breakdown

Grants Paid $26,091
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $36,304
Other Expenses $10,213
TOTAL EXPENSES $36,304

Year-over-Year Comparison

2024 2023 Change
Revenue $82,694 $69,958 +0.2%
Expenses $36,304 $30,810 +0.2%
Net Income $46,390 $39,148 +0.2%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
40

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
None None N/A
$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 $82,694 $36,304 $276,355 $46,390
2023 $69,958 $30,810 $254,965 $39,148
2022 $43,346 $12,038 $215,817 $31,308
2021 $21,259 $30,202 $184,510 $-8,943
2020 $115,157 $11,883 $193,452 $103,274
2019 $-60,472 $9,601 $90,179 $-70,073
2018 $2,329 $7,829 $190,251 $-5,500
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