Impact Water Inc (EIN 742504163) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Impact Water Inc, founded in 1987, is a small nonprofit in the Religion sector that reported $619K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $574K left a modest 7% surplus.

Mission

TO PROPAGATE THE GOSPEL OF OUR LORD JESUS CHRIST BY EVANGELIZATION AND DISCIPLESHIP THROUGH BOTH HOME AND FOREIGN MISSIONS. IMPACT WATER ACCOMPLISHES THIS BY BUILDING PORTABLE WATER SYSTEMS IN REMOTE VILLAGES OF HONDURAS AND PREACHING & TEACHING THE GOSPEL. IMPACT ALSO SUPPORTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $600,927

Program Service Revenue $0

Investment Income $17,923

Other Revenue $0

TOTAL REVENUE $618,850

Expense Breakdown

Grants Paid $183,236

Salaries & Benefits $75,097

Fundraising Expenses $18,945

Program Expenses $507,215

Other Expenses $298,213

TOTAL EXPENSES $574,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$618,850	$465,743	+0.3%
Expenses	$574,246	$295,168	+0.9%
Net Income	$44,604	$170,575	-0.7%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bradley K Hunt	Director	10.00	Director	$0	$0	$0
David Parker	Director	10.00	Director	$0	$0	$0
Jeffrey Smith	Director	15.00	Director	$0	$0	$0
Susan Smith	Director	10.00	Director	$0	$0	$0
Mark Smith	Executive Director	40.00	Officer 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	No data	No data	No data	No data
2023	$618,850	$574,246	$1,282,922	$44,604
2022	$465,743	$280,824	$1,395,533	$184,919
2021	$288,208	$357,729	$1,315,629	$-69,521
2020	$308,411	$224,721	$1,238,206	$83,690
2019	$351,729	$368,562	$1,174,705	$-16,833
2018	$386,360	$338,460	$1,094,611	$47,900

Impact Water Inc