2535 WATER (EIN 814144388) - 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

2016

Legal Domicile

Principal Officer

KIMBERLY MATTHEWS

Phone

8065350724

Tax Period

2023-01-01 to 2023-12-31

2535 WATER, founded in 2016, is a small nonprofit in the Public & Societal Benefit sector that reported $179K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $81K, a strong 45% operating margin.

Mission

TO PROVIDE RELIEF OF THE POOR, DISTRESSED, AND UNDERPRIVILEGED IN UGANDA, AFRICA BY DRILLING WATER WELLS AND PROVIDING SCHOOL FEES AND MEDICAL EXPENSES FOR IMPOVERISHED CHILDREN.

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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 $179,282

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $179,282

Expense Breakdown

Grants Paid $41,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,071

Other Expenses $57,678

TOTAL EXPENSES $98,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,282	$536,482	-0.7%
Expenses	$98,778	$180,363	-0.5%
Net Income	$80,504	$356,119	-0.8%

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

N/A

Volunteers

N/A

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
KIMBERLY MATTHEWS	PRESIDENT	5.00	Officer Director	$0	$0	$0
ERIC MATTHEWS	SECRETARY	2.00	Officer Director	$0	$0	$0
ROY PHELPS	DIRECTOR	1.00	Director	$0	$0	$0
KYLE CATO	DIRECTOR	1.00	Director	$0	$0	$0
BOWDEN JONES	DIRECTOR	1.00	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	$179,282	$98,778	$674,524	$80,504
2022	$536,482	$180,363	$594,306	$356,119
2021	$328,020	$159,743	$214,859	$168,277
2020	$225,317	$228,712	$46,765	$-3,395

2535 WATER