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

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating1003 of 109774 of 84
Fund acquisition rating984 of 109970 of 84
Resource allocation rating874 of 109966 of 84
Asset utilization rating770 of 109760 of 84

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%12%15%15%20%26%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%12%15%15%16%18%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%96%99%101%77%68%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%16%16%15%16%17%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%4%1%-1%23%32%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%78%78%78%77%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%74%93%99%95%101%
Program output ratio Program output ratio =
Program services /
Total revenue
80%57%72%78%73%79%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%26%7%1%5%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
12%36%10%1%8%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
6%6%6%6%7%5%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.590.941.321.311.421.49
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.221.261.151.241.251.23
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.981.191.521.631.791.83
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.3425.2221.1425.9728.824.94
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.040.050.040.030.20
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.649.727.547.086.495.22
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%4%4%3%3%16%
Debt ratio Debt ratio =
Debt /
Total assets
0%1%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
58%101%73%74%68%56%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$4,424,186$3,187,697$3,024,638$2,697,345$3,023,665
Receivables, inventories, prepaids$1,396,958$897,789$513,054$737,414$720,668
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$5,821,144$4,085,486$3,537,692$3,434,759$3,744,333
Long-term investments$875,526$0$0$0$0
Fixed assets$612,049$621,528$639,407$662,559$622,509
Other long-term assets$0$0$210,000$210,792$251,916
Total long-term assets$1,487,575$621,528$849,407$873,351$874,425
Total assets$7,308,719$4,707,014$4,387,099$4,308,110$4,618,758
 
Liabilities20212020201920182017
Payables and accrued expenses$230,830$193,235$136,217$119,191$757,859
Other current liabilities$0$0$0$0$0
Total current liabilities$230,830$193,235$136,217$119,191$757,859
Debt$79,125$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$79,125$0$0$0$0
Total liabilities$309,955$193,235$136,217$119,191$757,859
 
Net assets20212020201920182017
Without donor restrictions$5,029,572$4,223,164$3,893,699$3,491,646$3,720,720
With donor restrictions$1,969,192$290,615$357,183$697,273$140,449
Net assets$6,998,764$4,513,779$4,250,882$4,188,919$3,860,899
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$9,045,816$6,634,136$5,881,975$4,987,357$4,601,657
Program service revenue$21,967$34$8,500$1,690,555$1,832,665
Membership dues$0$0$0$0$0
Investment income$2,655$11,471$14,152$20,644$16,417
Other revenue$315,534$22,834($78,543)($239,988)$351,831
Total other revenue$340,156$34,339($55,891)$1,471,211$2,200,913
Total revenue$9,385,972$6,668,475$5,826,084$6,458,568$6,802,570
 
Expenses20212020201920182017
Program services$5,383,557$4,819,952$4,519,946$4,722,822$5,351,302
Management and general$412,368$385,476$369,576$400,756$317,780
Fundraising$1,105,062$990,150$874,599$1,011,240$1,190,772
Total expenses$6,900,987$6,195,578$5,764,121$6,134,818$6,859,854
 
Change in net assets20212020201920182017
Surplus (deficit)$2,484,985$472,897$61,963$323,750($57,284)
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,484,985$472,897$61,963$323,750($57,284)

Compensation

NameTitleCompensation
Matthew HangenPresident & CEO$231,463
Kacy LoweSenior Dir of Development$142,588
Mandy GoksuSenior Dir of Strategic Partnerships$132,899
Richard R WebbDirector of Finance$130,536
Pamela Crant-HooverSenior Dir of Programs$117,832
Margaret StrealyHR/Secretary$70,553

Compensation data as of: 12/31/2021


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


Needs