Water4 Inc 
The information on this page was last updated 8/7/2024. 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: Safe water piped to every home and community. Always.
Mission statement
Water is life. Water is beyond health, it's more encompassing, it's life. When we provide safe water access to people are customers find new life in reclaimed time, new opportunities, and improved health.
Business empowers. With business, value is created in every purchase. Every business exists to serve the customer, meaning the customer is the one empowered with the choice and the opportunity to participate in their own solution. Business generates a better future for all.
Love works. Love acts out of compassion and wisdom, eschewing pity and thoughtfully considering someone's best and walking alongside them to help them reach it. We exist to share this love in the form of a hand-up, not a handout.
Statement of faith
We answer God's call to share and act out the love of Jesus: serving, empowering, and providing opportunities for everyone to live in dignity.
God's will is for human flourishing. God made all people in his image and desires them to flourish in mind, body, strength, and spirit.
In providing safe water, we answer God's call to restore health, opportunity, and abundance to his people, and we're afforded the opportunity to show and share Jesus with our customers. In pairing safe water with the Living Water, we can impact lives for generations.
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Relief and Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1038 of 1107 | 94 of 104 |
| Fund acquisition rating | | 964 of 1108 | 90 of 104 |
| Resource allocation rating | | 866 of 1108 | 75 of 104 |
| Asset utilization rating | | 914 of 1107 | 85 of 104 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 13% | 14% | 12% | 15% | 15% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 13% | 14% | 12% | 15% | 15% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 99% | 100% | 101% | 96% | 99% | 101% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 14% | 16% | 16% | 16% | 15% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | 0% | -1% | 4% | 1% | -1% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 86% | 80% | 78% | 78% | 78% | 78% |
Spending ratio Spending ratio = Total expenses / Total revenue | 100% | 96% | 89% | 74% | 93% | 99% |
Program output ratio Program output ratio = Program services / Total revenue | 87% | 76% | 69% | 57% | 72% | 78% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 0% | 4% | 11% | 26% | 7% | 1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 4% | 10% | 36% | 10% | 1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 7% | 6% | 6% | 6% | 6% | 6% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.52 | 0.71 | 0.68 | 0.94 | 1.32 | 1.31 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.26 | 1.58 | 1.31 | 1.26 | 1.15 | 1.24 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.00 | 1.13 | 0.90 | 1.19 | 1.52 | 1.63 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.83 | 4.40 | 5.57 | 25.22 | 21.14 | 25.97 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.23 | 0.18 | 0.04 | 0.05 | 0.04 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.11 | 8.23 | 11.00 | 9.72 | 7.54 | 7.08 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 15% | 14% | 4% | 4% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 1% | 1% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 55% | 119% | 125% | 101% | 73% | 74% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $5,145,084 | $5,806,858 | $4,424,186 | $3,187,697 | $3,024,638 |
| Receivables, inventories, prepaids | $2,867,447 | $3,413,401 | $1,396,958 | $897,789 | $513,054 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $8,012,531 | $9,220,259 | $5,821,144 | $4,085,486 | $3,537,692 |
| Long-term investments | $3,910,238 | $2,108,267 | $875,526 | $0 | $0 |
| Fixed assets | $723,271 | $743,963 | $612,049 | $621,528 | $639,407 |
| Other long-term assets | $0 | $0 | $0 | $0 | $210,000 |
| Total long-term assets | $4,633,509 | $2,852,230 | $1,487,575 | $621,528 | $849,407 |
| Total assets | $12,646,040 | $12,072,489 | $7,308,719 | $4,707,014 | $4,387,099 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $159,867 | $157,361 | $230,830 | $193,235 | $136,217 |
| Other current liabilities | $1,659,265 | $1,498,052 | $0 | $0 | $0 |
| Total current liabilities | $1,819,132 | $1,655,413 | $230,830 | $193,235 | $136,217 |
| Debt | $56,594 | $66,065 | $79,125 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $56,594 | $66,065 | $79,125 | $0 | $0 |
| Total liabilities | $1,875,726 | $1,721,478 | $309,955 | $193,235 | $136,217 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $8,443,923 | $7,095,610 | $5,029,572 | $4,223,164 | $3,893,699 |
| With donor restrictions | $2,326,391 | $3,255,401 | $1,969,192 | $290,615 | $357,183 |
| Net assets | $10,770,314 | $10,351,011 | $6,998,764 | $4,513,779 | $4,250,882 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $9,419,089 | $9,374,188 | $9,045,816 | $6,634,136 | $5,881,975 |
| Program service revenue | $0 | $0 | $21,967 | $34 | $8,500 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $112,605 | $9,355 | $2,655 | $11,471 | $14,152 |
| Other revenue | ($86,987) | ($113,896) | $315,534 | $22,834 | ($78,543) |
| Total other revenue | $25,618 | ($104,541) | $340,156 | $34,339 | ($55,891) |
| Total revenue | $9,444,707 | $9,269,647 | $9,385,972 | $6,668,475 | $5,826,084 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $7,180,561 | $6,438,236 | $5,383,557 | $4,819,952 | $4,519,946 |
| Management and general | $582,248 | $474,630 | $412,368 | $385,476 | $369,576 |
| Fundraising | $1,262,595 | $1,340,170 | $1,105,062 | $990,150 | $874,599 |
| Total expenses | $9,025,404 | $8,253,036 | $6,900,987 | $6,195,578 | $5,764,121 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $419,303 | $1,016,611 | $2,484,985 | $472,897 | $61,963 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $419,303 | $1,016,611 | $2,484,985 | $472,897 | $61,963 |
Compensation
| Name | Title | Compensation |
| Matthew Hangen | President & CEO | $273,608 |
| Richard Klopp | COO & Secretary (May - December) | $181,587 |
| Kacy Lowe | Senior Dir of Development | $146,660 |
| Richard R Webb | Director of Finance | $110,638 |
Compensation data as of: 12/31/2023
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 8/7/2024. To update the information below, please email: [email protected]
History
Water4 started out of an awareness and discontent with the water crisis and a willingness to answer God's call to get up and do something about it with whatever knowledge and resolve we had. Our founders, Dick and Terri Greenly, never wanted to start a non-profit because ... they like profit. As owners of a successful Oklahoma pump distributor, they value how businesses can create more - more value, more margin, more flourishing. So when Dick found himself trying to accept a $100,000 check to drill wells around the world, his church community convinced him to start Water4 as a non-profit. Then he developed it into the least non-profit non-profit he could think of, building for-profit businesses across Africa. Water4's undergone many iterations, but we've always known that charity alone can't solve problems of poverty. Charity and government combined have only 25% of the resources needed to provide safe water to the developing world. And charity and government cannot create, they can only redistribute - taking what's been given and allocating it elsewhere. But business creates. With every transaction, businesses generate value out of thin air and reinvest it into accomplishing their vision - in our case, of seeing safe water piped to every home, school, community - everywhere. Now, we have done what many said was impossible: created profitable water markets with customers on an average $2/day income. While we have already helped millions of people through safe water access, there are hundreds of millions more. We're pursuing a world in which there is abundance and Water4's no longer needed. We want to put ourselves as a non-profit out of business. Join us on the journey and generate good.
Program accomplishments
13,196 All-time Water Projects
2,358,900 All-time People Impacted by Safe Water
1,002,222 People Educated in WaSH & The Gospel