HANWASH Inc (EIN 844393469) - 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

2019

Legal Domicile

Principal Officer

Wm Laddison Waldo

Phone

7273980011

Tax Period

2024-07-01 to 2025-06-30

HANWASH Inc, founded in 2019, is a community nonprofit in the Public & Societal Benefit sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $300K, a strong 29% operating margin.

Mission

To provide opportunities for thoughtfully managed and sustainable clean water and sanitation to the citizens of Haiti, with the associated health, community and economic benefits.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,017,827

Program Service Revenue $5,320

Investment Income $152

Other Revenue $0

TOTAL REVENUE $1,023,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,974

Fundraising Expenses $100,471

Program Expenses $412,074

Other Expenses $446,946

TOTAL EXPENSES $722,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,023,299	$537,369	+0.9%
Expenses	$722,920	$481,005	+0.5%
Net Income	$300,379	$56,364	+4.3%

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
Jeremy Hurst	Chair & Director	4.00	Officer Director	$0	$0	$0
Ladd Waldo	Treasurer	2.00	Director	$0	$0	$0
Erica Gwynn	Director	2.00	Director	$0	$0	$0
John Smarge	Director	2.00	Director	$0	$0	$0
Neil Van Dine	Director	2.00	Director	$0	$0	$0
Fritz Pierre-Louis	Director	2.00	Director	$0	$0	$0
Guy Theodore	Director	2.00	Director	$0	$0	$0
Barb Spangler Kuesters	Director	2.00	Director	$0	$0	$0
Barry Rasin	Director	2.00	Director	$0	$0	$0
Cynde Covington	Director	2.00	Director	$0	$0	$0
Marlene Gay	Director	2.00	Director	$0	$0	$0
Rebert Leger	Director	2.00	Director	$0	$0	$0
Bob Hobaugh	Director	2.00	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
2025	$1,023,299	$722,920	$553,800	$300,379
2024	$537,369	$481,005	No data	$56,364
2023	$311,574	$423,069	$153,893	$-111,495
2022	$238,864	$294,351	$238,929	$-55,487
2021	$414,263	$139,253	$275,984	$275,010

HANWASH Inc