GRACEWATER (EIN 824425191) - 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

2018

Legal Domicile

Principal Officer

NICK KING

Phone

6625718861

Tax Period

2023-01-01 to 2023-12-31

GRACEWATER, founded in 2018, is a small nonprofit in the Human Services sector that reported $270K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $314K exceeded revenue, resulting in a 16% operating deficit.

Mission

OUR MISSION IS SIMPLY TO GIVE GRACE WITH WATER. WE ARE DRIVEN BY THE DESIRE TO HELP COMMUNITIES EXPERIENCE GOD'S GRACE THROUGH THE GIFT OF WATER. 783 MILLION PEOPLE AND MILLIONS OF COMMUNITIES AROUND THE GLOBE ARE IN A WATER CRISIS! WE ARE PASSIONATE ABOUT BEING A PART OF THE SOLUTION, AS WELL AS PURSUING OUR MISSION TO EDUCATE THEIR COMMUNITY ABOUT THE LOVE OF CHRIST. THROUGH THE DRILLING OF WELLS IN COMMUNITIES, WE FOUND A NEED FOR ORPHAN TRAINING AND HAVE BEGUN TO HELP TRAIN AND EQUIP THEM IN DISCIPLESHIP AND LIFE SKILLS.

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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 $270,116

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $270,116

Expense Breakdown

Grants Paid $142,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $309,148

Other Expenses $171,776

TOTAL EXPENSES $313,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,116	$180,420	+0.5%
Expenses	$313,926	$258,110	+0.2%
Net Income	$-43,810	$-77,690	-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

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
NICK KING	PRESIDENT	5.00	Director	$0	$0	$0
DANIEL COLE	SECRETARY	1.00	Director	$0	$0	$0
ROGER JONES	DIRECTOR	1.00	Director	$0	$0	$0
ANN KING	DIRECTOR	1.00	Director	$0	$0	$0
VIRGIL KING	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD PICKENS	DIRECTOR	1.00	Director	$0	$0	$0
PRICE DONAHOO	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	$270,116	$313,926	$53,395	$-43,810
2020	$155,057	$116,519	$228,568	$38,538
2019	$177,266	$71,040	$190,030	$106,226
2018	$130,789	$46,985	$83,804	$83,804

GRACEWATER