Water4 Inc

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/7/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

The global water crisis claims 3.4 million lives each year. To us, it's not just a statistic. It's 3.4 million people with names, families, hopes and dreams. When confronted with this reality, we must respond. This is not someone else's crisis...it's all of ours.

Did you know that more than $1.2 billion worth of water infrastructure investment has been wasted over the last 20 years on water wells that sit broken today? Charity alone will never solve the water crisis. Charity is effective when it's used to empower local people with the opportunity to solve their own problems in ways that can be self-sustained locally.


Contact information

Mailing address:
Water4 Inc
2405 NW 10th St
Oklahoma City, OK 73107

Website: water4.org

Phone: 405-554-8214

Email: hello@water4.org


Organization details

EIN: 263260581

CEO/President: Matt Hangen

Chairman: Richard Greenly

Board size: 7

Founder: Richard and Terri Greenly

Year founded: 2009

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2021


Purpose

"We're committed to local people solving local problems with local resources. We're committed to working through the capacity, strength and greatness of ordinary people to do whatever it takes to see a world where every last person has abundant access to safe water." Matt Hangen, President & CEO

Our Vision: A world where all people have access to save and Living Water.


Mission statement

Eradicating the world's water crisis through local, missional businesses.

The Why: God's vision for the world is Shalom, or universal flourishing. We believe that God made all people in His image (Imago Dei) and that He intended all people to flourish physically, psychologically, socially and spiritually. We see water as the catalyst to enabling communities to experience that abundance for generations. We also see physical water as the entry point to Jesus as the Living Water. Bringing the hope and change of safe water allows safe water businesses to speak beyond practical needs to those holistic in nature, to which we believe Jesus is key. We are focused on the long-term, which includes water services that are sustainable over generations and disciple making that has generational impact.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating867 of 93866 of 76
Fund acquisition rating853 of 94069 of 76
Resource allocation rating762 of 94063 of 76
Asset utilization rating611 of 93849 of 76

Financial ratios

Funding ratiosSector median20192018201720152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%15%20%26%39%45%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%15%16%18%19%26%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%101%77%68%48%58%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%15%16%17%19%22%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%-1%23%32%52%42%
 
Operating ratiosSector median20192018201720152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%78%77%78%77%73%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%99%95%101%98%120%
Program output ratio Program output ratio =
Program services /
Total revenue
83%78%73%79%75%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%1%5%-1%2%-20%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%1%8%-1%4%-35%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
6%6%7%5%4%5%
 
Investing ratiosSector median20192018201720152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.631.311.421.491.191.51
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.291.241.251.231.391.25
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.641.631.791.831.651.88
 
Liquidity ratiosSector median20192018201720152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.0125.9728.824.941.882.79
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.040.030.200.530.36
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.247.086.495.223.404.09
 
Solvency ratiosSector median20192018201720152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%3%3%16%38%29%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
53%74%68%56%52%47%

Financials

Balance sheet
 
Assets20192018201720152014
Cash$3,024,638$2,697,345$3,023,665$2,252,017$1,213,942
Receivables, inventories, prepaids$513,054$737,414$720,668$714,376$1,526,140
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,537,692$3,434,759$3,744,333$2,966,393$2,740,082
Long-term investments$0$0$0$0$0
Fixed assets$639,407$662,559$622,509$641,616$643,317
Other long-term assets$210,000$210,792$251,916$506,104$32,393
Total long-term assets$849,407$873,351$874,425$1,147,720$675,710
Total assets$4,387,099$4,308,110$4,618,758$4,114,113$3,415,792
 
Liabilities20192018201720152014
Payables and accrued expenses$136,217$119,191$757,859$1,577,652$980,418
Other current liabilities$0$0$0$0$0
Total current liabilities$136,217$119,191$757,859$1,577,652$980,418
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$136,217$119,191$757,859$1,577,652$980,418
 
Net assets20192018201720152014
Without donor restrictions$3,893,699$3,491,646$3,720,720$2,400,879$1,935,374
With donor restrictions$357,183$697,273$140,449$135,582$500,000
Net assets$4,250,882$4,188,919$3,860,899$2,536,461$2,435,374
 
Revenues and expenses
 
Revenue20192018201720152014
Total contributions$5,881,975$4,987,357$4,601,657$2,397,257$2,508,623
Program service revenue$8,500$1,690,555$1,832,665$1,996,315$1,787,056
Membership dues$0$0$0$0$0
Investment income$14,152$20,644$16,417$6,501$171
Other revenue($78,543)($239,988)$351,831$599,729$3,836
Total other revenue($55,891)$1,471,211$2,200,913$2,602,545$1,791,063
Total revenue$5,826,084$6,458,568$6,802,570$4,999,802$4,299,686
 
Expenses20192018201720152014
Program services$4,519,946$4,722,822$5,351,302$3,753,351$3,782,488
Management and general$369,576$400,756$317,780$211,848$250,291
Fundraising$874,599$1,011,240$1,190,772$933,516$1,129,978
Total expenses$5,764,121$6,134,818$6,859,854$4,898,715$5,162,757
 
Change in net assets20192018201720152014
Surplus (deficit)$61,963$323,750($57,284)$101,087($863,071)
Other changes in net assets$0$0$0$0$0
Total change in net assets$61,963$323,750($57,284)$101,087($863,071)

Compensation

NameTitleCompensation
Matthew HangenPresident and CEO$180,634
Michael MitchellDevelopment Director$139,303
Randy WebbChief Financial Officer$124,646
Margie StrealyController/Secretary$66,836

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 8/7/2021. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments

As of August 2021:

7,020 All-time Water Projects

1,726,568 All-time People Impacted by Safe Water

438,983 People Educated in WaSH & The Gospel


Needs