SOLEA WATER

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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

2012

Legal Domicile

Principal Officer

RACHAEL BURCHETT

Phone

3146691970

Tax Period

2024-01-01 to 2024-12-31

SOLEA WATER, founded in 2012, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $537K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 26% operating margin.

Mission

SOLEA WATER WALKS ALONGSIDE VULNERABLE COMMUNITIES TO IMPLEMENT, OPERATE AND MAINTAIN PUBLIC UTILITY SERVICES (WATER, SANITATION, ENERGY) THROUGH COMMUNITY LED, LONG TERM, SUSTAINABLE AND COLLABORATIVE SOLUTIONS.

Program Service Accomplishments

Program 1

Expenses: $384,801

PANAMA WATER SYSTEMS

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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 $537,446

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $537,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,456

Fundraising Expenses $0

Program Expenses $384,801

Other Expenses $383,606

TOTAL EXPENSES $397,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$537,446	$346,047	+0.6%
Expenses	$397,062	$319,297	+0.2%
Net Income	$140,384	$26,750	+4.2%

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

N/A

Volunteers

200

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

$8,933

Total Directors

$54,743

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN FOSTER	BOARD PRESIDENT	40.00	Director	$45,810	$0	$45,810
MARK MCKINNEY	DIRECTOR	5.00	Director	$0	$0	$0
MELISSA WEBER	DIRECTOR	5.00	Director	$0	$0	$0
RACHAEL BURCHETT	EXECUTIVE DIRECTOR	5.00	Officer Director	$8,933	$0	$8,933

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	$537,446	$397,062	$329,271	$140,384
2023	$346,047	$319,297	$188,887	$26,750
2022	$369,781	$317,399	$162,137	$52,382