Water4 Inc 
The information on this page was last updated 3/15/2023. If you see errors or omissions, please email: [email protected]
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: [email protected]
Organization details
EIN: 263260581
CEO/President: Matt Hangen
Chairman: Richard Greenly
Board size: 7
Founder: Richard and Terri Greenly
Ruling year: 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
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Relief and Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1046 of 1104 | 83 of 88 |
| Fund acquisition rating | | 995 of 1105 | 78 of 88 |
| Resource allocation rating | | 887 of 1105 | 72 of 88 |
| Asset utilization rating | | 885 of 1104 | 69 of 88 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 14% | 12% | 15% | 15% | 20% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 14% | 12% | 15% | 15% | 16% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 99% | 101% | 96% | 99% | 101% | 77% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 16% | 16% | 16% | 15% | 16% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | -1% | 4% | 1% | -1% | 23% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 86% | 78% | 78% | 78% | 78% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 89% | 74% | 93% | 99% | 95% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 69% | 57% | 72% | 78% | 73% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 11% | 26% | 7% | 1% | 5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 10% | 36% | 10% | 1% | 8% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 6% | 6% | 6% | 6% | 6% | 7% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.51 | 0.68 | 0.94 | 1.32 | 1.31 | 1.42 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.23 | 1.31 | 1.26 | 1.15 | 1.24 | 1.25 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.89 | 0.90 | 1.19 | 1.52 | 1.63 | 1.79 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 17.01 | 5.57 | 25.22 | 21.14 | 25.97 | 28.82 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.18 | 0.04 | 0.05 | 0.04 | 0.03 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.82 | 11.00 | 9.72 | 7.54 | 7.08 | 6.49 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 14% | 4% | 4% | 3% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 1% | 1% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 60% | 125% | 101% | 73% | 74% | 68% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $5,806,858 | $4,424,186 | $3,187,697 | $3,024,638 | $2,697,345 |
| Receivables, inventories, prepaids | $3,413,401 | $1,396,958 | $897,789 | $513,054 | $737,414 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $9,220,259 | $5,821,144 | $4,085,486 | $3,537,692 | $3,434,759 |
| Long-term investments | $2,108,267 | $875,526 | $0 | $0 | $0 |
| Fixed assets | $743,963 | $612,049 | $621,528 | $639,407 | $662,559 |
| Other long-term assets | $0 | $0 | $0 | $210,000 | $210,792 |
| Total long-term assets | $2,852,230 | $1,487,575 | $621,528 | $849,407 | $873,351 |
| Total assets | $12,072,489 | $7,308,719 | $4,707,014 | $4,387,099 | $4,308,110 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $157,361 | $230,830 | $193,235 | $136,217 | $119,191 |
| Other current liabilities | $1,498,052 | $0 | $0 | $0 | $0 |
| Total current liabilities | $1,655,413 | $230,830 | $193,235 | $136,217 | $119,191 |
| Debt | $66,065 | $79,125 | $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 | $66,065 | $79,125 | $0 | $0 | $0 |
| Total liabilities | $1,721,478 | $309,955 | $193,235 | $136,217 | $119,191 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $7,095,610 | $5,029,572 | $4,223,164 | $3,893,699 | $3,491,646 |
| With donor restrictions | $3,255,401 | $1,969,192 | $290,615 | $357,183 | $697,273 |
| Net assets | $10,351,011 | $6,998,764 | $4,513,779 | $4,250,882 | $4,188,919 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $9,374,188 | $9,045,816 | $6,634,136 | $5,881,975 | $4,987,357 |
| Program service revenue | $0 | $21,967 | $34 | $8,500 | $1,690,555 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $9,355 | $2,655 | $11,471 | $14,152 | $20,644 |
| Other revenue | ($113,896) | $315,534 | $22,834 | ($78,543) | ($239,988) |
| Total other revenue | ($104,541) | $340,156 | $34,339 | ($55,891) | $1,471,211 |
| Total revenue | $9,269,647 | $9,385,972 | $6,668,475 | $5,826,084 | $6,458,568 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $6,438,236 | $5,383,557 | $4,819,952 | $4,519,946 | $4,722,822 |
| Management and general | $474,630 | $412,368 | $385,476 | $369,576 | $400,756 |
| Fundraising | $1,340,170 | $1,105,062 | $990,150 | $874,599 | $1,011,240 |
| Total expenses | $8,253,036 | $6,900,987 | $6,195,578 | $5,764,121 | $6,134,818 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $1,016,611 | $2,484,985 | $472,897 | $61,963 | $323,750 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,016,611 | $2,484,985 | $472,897 | $61,963 | $323,750 |
Compensation
| Name | Title | Compensation |
| Matthew Hangen | President & CEO | $254,464 |
| Richard Klopp | COO & Secretary | $164,128 |
| Kacy Lowe | Senior Dir of Development | $146,385 |
| Mandy Goksu | Senior Dir of Strategic Partnershis | $132,618 |
| Pamela Crane-Hoover | Senior Dir of Programs | $121,094 |
| Richard R Webb | Director of Finance | $112,973 |
| Margaret Strealy | HR/Secretary (PART YEAR) | $29,136 |
Compensation data as of: 12/31/2022
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 3/15/2023. To update the information below, please email: [email protected]
History
Program accomplishments
As of March 2023:
9,518 All-time Water Projects
2,132,399 All-time People Impacted by Safe Water
759,223 People Educated in WaSH & The Gospel