WATERING MINDS INC

EIN: 812393188 501(c)(3)

OAKLAND, CA

Total Revenue
$444,905
Total Expenses
$509,907
Total Assets
$17,662
Net Assets
$-39,238
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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
2016
Legal Domicile
CA
Principal Officer
JAMES CHU
Phone
7138237607
Tax Period
2019-01-01 to 2019-12-31

WATERING MINDS INC, founded in 2016, is a small nonprofit that reported $445K in total revenue in fiscal year 2019. Expenses of $510K exceeded revenue, resulting in a 15% operating deficit.

Mission

To create a world where every school child has access to safe water.

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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 (2019)

Revenue Breakdown

Contributions & Grants $444,905
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $444,905

Expense Breakdown

Grants Paid $401,952
Salaries & Benefits $68,100
Fundraising Expenses $24,910
Program Expenses $479,281
Other Expenses $39,855
TOTAL EXPENSES $509,907

Year-over-Year Comparison

2019 2018 Change
Revenue $444,905 $441,360 +0.0%
Expenses $509,907 $441,429 +0.2%
Net Income $-65,002 $-69 +941.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$58,500
Total Directors
3
$58,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERI STEIN Secretary 25.00
Officer Director
$54,000 $0 $54,000
JAMES CHU President 5.00
Officer Director
$4,500 $0 $4,500
DANIEL NOLAN Treasurer 5.00
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
2019 $444,905 $509,907 $17,662 $-65,002
2018 $441,360 $441,429 $55,764 $-69
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