GT WATER PROJECT INC (EIN 814172473) - 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

CARL GLAESER

Phone

9175446192

Tax Period

2023-01-01 to 2023-12-31

GT WATER PROJECT INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $293K in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum.

Mission

We employ a local staff of eight people in Les Cayes. These salaried employees thoroughly assess each water filter candidate to ensure they display two qualities: adequate need and a willingness to share the water with their neighbors. Upon approval, the candidates agree to maintain the filter and supply their immediate neighbors with daily drinking water. GT Water Project staff gives a functional water filter to and trains the candidates on proper filter use and supplies any required filter maintenance between checkups every 3 months.

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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 $292,726

Program Service Revenue $0

Investment Income $28

Other Revenue $0

TOTAL REVENUE $292,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $305,048

Other Expenses $305,048

TOTAL EXPENSES $305,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,754	$140,464	+1.1%
Expenses	$305,048	$162,397	+0.9%
Net Income	$-12,294	$-21,933	-0.4%

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

N/A

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
CARL GLAESER	PRES - Director	40.00	Director	$0	$0	$0
GEORGE B TRAPP	Trustee	10.00	Director	$0	$0	$0
GARY HUMPHRIES	Director	10.00	Director	$0	$0	$0
JOHN COLLINS	Trustee	10.00	Director	$0	$0	$0
ROBERTO AQUILAR	Trustee	10.00	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
2023	$292,754	$305,048	$6,596	$-12,294

GT WATER PROJECT INC