WATER FINANCE EXCHANGE INC

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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

2020

Legal Domicile

Principal Officer

F HENRY HABICHT

Phone

6188066864

Tax Period

2023-01-01 to 2023-12-31

WATER FINANCE EXCHANGE INC, founded in 2020, is a community nonprofit in the Environment sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 1780% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 48% operating margin.

Mission

THE WATER FINANCE EXCHANGE'S (WFX) OBJECTIVE IS TO SIGNIFICANTLY INCREASE FUNDING SOLUTIONS IN THE U.S. WATER, WASTEWATER AND STORMWATER SYSTEMS, WITH EMPHASIS ON RURAL AND DISADVANTAGED COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $412,895 Revenue: $410

PIPELINE DEVELOPMENT. WFX PROVIDED COMMUNITIES WITH THE BEST NETWORK OF RESOURCES TO HELP THEM SELECT, DESIGN, AND FUND PROJECTS THAT MEET THEIR LOCAL PRIORITIES. BY FOCUSING ON COMMUNITIES THAT LACK THE NECESSARY FUNDING AND DO NOT HAVE ACCESS TO CAPITAL MARKETS, WFX CONNECTS COMMUNITIES IN NEED WITH THE TECHNICAL EXPERTISE AND TARGETED FINANCIAL RESOURCES CURRENTLY UNAVAILABLE TO HELP ADDRESS THEIR WATER INFRASTRUCTURE ISSUES.

Program 2

Expenses: $412,895

PROJECT DEVELOPMENT. WFX DOES NOT INTEND TO BE A PRIMARY FUNDER OF WATER INFRASTRUCTURE; RATHER, ITS FINANCE ACTIVITIES ARE NARROWLY DESIGNED TO FILL COMMUNITY GAPS THAT ARE PREVENTING FULL FINANCING FROM OCCURRING. WFX CONNECTS COMMUNITIES TO THE RIGHT EXPERTISE AND ACCESSIBLE FINANCIAL RESOURCES WHICH HELP TO SUPPORT PRE-DEVELOPMENT AND DE-RISK PROJECTS.

Program 3

Expenses: $412,894 Revenue: $7,800

PARTNERSHIP DEVELOPMENT (FACILITATE INVESTMENT AND BUILD SELF-SUPPORTING NETWORKS). WFX BELIEVES THAT IT CAN SUPPORT THE EFFORTS OF SMALLER COMMUNITIES TO ACCESS FUNDING BY ASSEMBLING THE NEEDED...

PARTNERSHIP DEVELOPMENT (FACILITATE INVESTMENT AND BUILD SELF-SUPPORTING NETWORKS). WFX BELIEVES THAT IT CAN SUPPORT THE EFFORTS OF SMALLER COMMUNITIES TO ACCESS FUNDING BY ASSEMBLING THE NEEDED EXPERTISE, BUILD TRUSTED RELATIONSHIPS WITH COMMUNITIES, COMPLETE PROJECTS, AND LEARN AND DISSEMINATE INFORMATION ABOUT RECURRING ISSUES AND SOLUTIONS THAT ALLOW FOR SCALING-UP FUNDING OF SIMILARLY SITUATED COMMUNITIES AND REGIONAL INITIATIVES THAT WOULD OTHERWISE BE UNAVAILABLE. WFX WILL CONTINUE TO SERVE AS A NATIONAL PLATFORM TO ACCELERATE THE ADOPTION OF BEST PRACTICES, INCREASE THE ABILITY OF SMALLER COMMUNITIES TO ACCESS FINANCING, AND CLOSE THE WATER INFRASTRUCTURE EQUITY GAP FOR SMALL AND RURAL COMMUNITIES.

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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 $2,745,055

Program Service Revenue $8,210

Investment Income $54,075

Other Revenue $0

TOTAL REVENUE $2,807,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $877,548

Fundraising Expenses $37,166

Program Expenses $1,238,684

Other Expenses $579,727

TOTAL EXPENSES $1,457,275

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,807,340	$149,293	+17.8%
Expenses	$1,457,275	$1,246,502	+0.2%
Net Income	$1,350,065	$-1,097,209	-2.2%

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

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

$577,750

Total Directors

$435,834

Key Employees

$268,553

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
F HENRY HABICHT II	PRESIDENT & EX. DIRECTOR	25.00	Officer Director	$232,917	$0	$232,917
BRENT FEWELL	SECRETARY	25.00	Officer Director	$0	$0	$202,917
ADAM KRANTZ	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER KURZ	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM TEICHMILLER	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURA HUFFMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
MONICA ELLIS	BOARD MEMBER	0.50	Director	$0	$0	$0
USHA RAO-MONARI	BOARD MEMBER	0.50	Director	$0	$0	$0
BRENDAN MCGINNIS	TREASURER	10.00	Officer	$0	$0	$141,916
ROGELIO RODRIGUEZ	DIRECTOR, TX INFRASTRUCTURE	40.00	Key Emp	$233,333	$35,220	$268,553

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	$2,807,340	$1,457,275	$4,684,372	$1,350,065
2022	$149,293	$1,246,502	$1,414,154	$-1,097,209
2021	$2,923,959	$480,959	$2,441,858	$2,443,000
2020	$105,517	$110,204	$97,031	$-4,687