WATERSTEP INC (EIN 611262016) - 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

1994

Legal Domicile

Principal Officer

MARK HOGG

Phone

5025686342

Tax Period

2023-01-01 to 2023-12-31

WATERSTEP INC, founded in 1994, is a community nonprofit in the Youth Development sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $841K, a strong 30% operating margin.

Mission

WATERSTEP EMPOWERS INDIVIDUALS AND COMMUNITIES TO MEET THEIR OWN WATER NEEDS.

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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 $2,470,238

Program Service Revenue $0

Investment Income $13,102

Other Revenue $288,233

TOTAL REVENUE $2,771,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $915,034

Fundraising Expenses $180,215

Program Expenses $1,509,001

Other Expenses $1,016,029

TOTAL EXPENSES $1,931,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,771,573	$1,552,530	+0.8%
Expenses	$1,931,063	$1,546,842	+0.2%
Net Income	$840,510	$5,688	+146.8%

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

2000

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

$173,966

Total Directors

$104,036

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HOGG	CEO & FOUNDER	40.00	Officer Director	$87,378	$16,658	$104,036
RAHUL BAWA	PRESIDENT, CEO	1.00	Officer Director	$0	$0	$0
DR SAM YARED	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY SNYDER	TREASURER	1.00	Officer Director	$0	$0	$0
VAUGHN BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIKA BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIAN CONDIT	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY DICKISON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
SIMON FLOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARISE HORNE	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG HEITZMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE RIDER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHELSEA RUEFF	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK SCHARDEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG WEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
GARRISON COX	SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH YODER	DIRECTOR OF FINANCE PARTIAL YR	40.00	Officer	$69,930	$0	$69,930

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	$2,771,573	$1,931,063	$2,568,288	$840,510
2022	$1,552,530	$1,546,842	$1,745,176	$5,688
2021	$1,360,263	$1,146,135	$1,693,872	$214,128
2020	$1,162,810	$1,108,862	$1,496,561	$53,948
2019	$933,272	$1,126,351	$1,444,223	$-193,079
2018	$885,730	$1,075,153	$1,512,127	$-189,423

WATERSTEP INC