The Madagascar Water Project Inc

EIN: 823697322 501(c)(3) International Affairs

Spanish Fort, AL

Total Revenue
$309,974
Total Expenses
$249,960
Total Assets
$160,685
Net Assets
$116,382
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
AL
Principal Officer
Fredrick Rittelmeyer
Phone
2514638445
Tax Period
2023-01-01 to 2023-12-31

The Madagascar Water Project Inc, founded in 2017, is a small nonprofit in the International Affairs sector that reported $310K in total revenue in fiscal year 2023. Revenue surged 172% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 19% operating margin.

Mission

To provide the drilling of water wells, repair and maintenance of water wells for Madagascar conunities without clean and sanitary source of drinking water.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $309,974
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $309,974

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $249,790
Other Expenses $249,960
TOTAL EXPENSES $249,960

Year-over-Year Comparison

2023 2022 Change
Revenue $309,974 $113,915 +1.7%
Expenses $249,960 $107,611 +1.3%
Net Income $60,014 $6,304 +8.5%
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

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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
4
Independent Members
2
Employees
N/A
Volunteers
2

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frederick L Rittelmeyer Managing Director 40.00
Officer Director
$0 $0 $0
Michael Heneghan Board Member 1.00
Director
$0 $0 $0
Robert Rittelmeyer Board Member 5.00
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 $309,974 $249,960 $160,685 $60,014
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