The Filter Project

EIN: 993694450 501(c)(3) International Affairs

Cordova, TN

Total Revenue
$694,686
Total Expenses
$672,574
Total Assets
$198,349
Net Assets
$198,349
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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
2024
Legal Domicile
TN
Principal Officer
Elliott Stovall
Tax Period
2025-01-01 to 2025-12-31

The Filter Project, founded in 2024, is a small nonprofit in the International Affairs sector that reported $695K in total revenue in fiscal year 2025. Revenue surged 125% from the prior year, signaling strong growth momentum. Expenses of $673K left a modest 3% surplus.

Mission

The Filter Project is a parachurch ministry whose mission is to pour Gods love into under-resourced communities through the gift of safe, filtered, drinking water in Kenya and plan to serve into additional countries in the future.

Program Service Accomplishments

Program 1
Expenses: $419,694

The Filter Project provides filters to people in Kenya to remove harmful bacteria, protozoa, parasites, cysts, eggs, and microplastics from unclean drinking water. The filter lasts for over 20 years...

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The Filter Project provides filters to people in Kenya to remove harmful bacteria, protozoa, parasites, cysts, eggs, and microplastics from unclean drinking water. The filter lasts for over 20 years or one million gallons of water and contains no replaceable parts and requires no professional servicing. The Filter Project also provides financial support to indigenous workers who live in the community in which the filters are being placed.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $694,686
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $694,686

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,650
Fundraising Expenses $132,030
Program Expenses $419,694
Other Expenses $564,924
TOTAL EXPENSES $672,574

Year-over-Year Comparison

2025 2024 Change
Revenue $694,686 $308,418 +1.3%
Expenses $672,574 $132,181 +4.1%
Net Income $22,112 $176,237 -0.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
1
Volunteers
20

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
2
$100,000
Total Directors
5
$100,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elliott Stovall President 040.00
Officer Director
$100,000 $0 $100,000
Dennis Rasche Board Member 002.00
Director
$0 $0 $0
Matthew Brown Board Member 002.00
Director
$0 $0 $0
Clay Wilemon Board Member 002.00
Director
$0 $0 $0
Brendan Porter Board Member 002.00
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 $694,686 $672,574 $198,349 $22,112
2024 $308,418 $132,181 $176,237 $176,237
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