CLEAN WATER FUND (EIN 521043444) - 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

1974

Legal Domicile

Principal Officer

LEWANDA GIPSON

Phone

5862805166

Tax Period

2024-01-01 to 2024-12-31

CLEAN WATER FUND, founded in 1974, is a community nonprofit in the Environment sector that reported $6.1M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $7.8M exceeded revenue, resulting in a 27% operating deficit.

Mission

CLEAN WATER FUND PROMOTES CLEAN, SAFE, AND AFFORDABLE WATER, EMPOWERING DIVERSE GROUPS OF PEOPLE TO WORK TOGETHER FOR CHANGES THAT IMPROVE THEIR LIVES, FOCUSED ON HEALTH, ENVIRONMENTAL AND COMMUNITY PROBLEMS.

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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 $5,961,470

Program Service Revenue $0

Investment Income $86,264

Other Revenue $82,061

TOTAL REVENUE $6,129,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,994,080

Fundraising Expenses $453,821

Program Expenses $6,273,444

Other Expenses $1,779,478

TOTAL EXPENSES $7,773,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,129,795	$6,682,806	-0.1%
Expenses	$7,773,558	$6,794,377	+0.1%
Net Income	$-1,643,763	$-111,571	+13.7%

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

224

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

$438,534

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY CARTER	PRESIDENT/CE	38.00	Officer	$140,819	$22,524	$210,283
LEWANDA GIPSON	ASSIST SECRE	38.00	Officer	$102,756	$10,212	$147,220
DIANNE AKABLI	SECRETARY	40.00	Officer	$81,031	$0	$81,031
MICHAEL HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
ERICA HOLLOMAN-HILL	DIRECTOR	1.00	Director	$0	$0	$0
VERNICE MILLER-TRAVIS	DIRECTOR	1.00	Director	$0	$0	$0
AYAKO NAGANO	DIRECTOR	1.00	Director	$0	$0	$0
GUY WEST	DIRECTOR	1.00	Director	$0	$0	$0
KATE REID KOEZE	TREASURER	1.00	Officer	$0	$0	$0
JAMES RHODES	CHAIR	1.00	Officer	$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	$6,129,795	$7,773,558	$5,727,518	$-1,643,763
2023	$6,682,806	$6,794,377	$6,877,316	$-111,571
2022	$6,641,543	$5,638,674	$7,279,998	$1,002,869
2022	$6,641,543	$5,638,674	$7,279,998	$1,002,869
2021	$6,555,415	$5,158,064	$6,131,440	$1,397,351
2020	$5,114,059	$5,252,911	$5,205,740	$-138,852
2019	$6,918,532	$6,076,675	$4,133,148	$841,857
2018	$5,245,466	$6,004,055	$3,068,965	$-758,589

CLEAN WATER FUND