HONDURAS WELL PROJECT

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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

2019

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

HONDURAS WELL PROJECT, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $403K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $353K left a modest 12% surplus.

Mission

DRILLING WELLS FOR CLEAN WATER.

Program Service Accomplishments

Program 1

Expenses: $348,876

DRILLING WELLS FOR CLEAN WATER. TO COLLECT FUNDS TO PURCHASE NECESSARY EQUIPMENT FOR DRILLING OF CLEAN WATER WELLS IN HONDURAS AND PROVIDING SCHOLARSHIPS TO END THE WATER CRISIS.

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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 $93,377

Program Service Revenue $309,668

Investment Income $0

Other Revenue $0

TOTAL REVENUE $403,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $348,876

Other Expenses $353,117

TOTAL EXPENSES $353,117

Year-over-Year Comparison

	2023	2022	Change
Revenue	$403,045	$431,728	-0.1%
Expenses	$353,117	$357,389	0.0%
Net Income	$49,928	$74,339	-0.3%

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
JULIE STUNKEL	PRESIDENT	15.00	Officer Director	$0	$0	$0
KAYCIE BINGHAM	COTREASURER	2.00	Officer Director	$0	$0	$0
BRADLEY BINGHAM	SECRETARY	2.00	Officer Director	$0	$0	$0
LLOYD STUNKEL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
NICOLE HARTENSTEIN	COTREASURER	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$403,045	$353,117	$199,064	$49,928
2022	$431,728	$357,389	$148,838	$74,339
2021	$236,661	$271,547	$74,500	$-34,886