Neverthirst 
The information on this page was last updated 1/21/2025. If you see errors or omissions, please email: [email protected]
Summary
We believe in meeting physical and spiritual needs-empowering the church to reach forgotten, marginalized people groups with clean and living water.
Contact information
Mailing address:
Neverthirst
1111 Edenton Street
Birmingham, AL 35242
Website: neverthirstwater.org
Phone: 205-991-7757
Email: [email protected]
Organization details
EIN: 450594639
CEO/President: Matt Letourneau
Chairman: Chris Prier
Board size: 11
Founder:
Ruling year: 2009
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
We work in remote, hard-to-reach places, coming alongside local partners to bring clean and living water to marginalized communities throughout Africa and Asia.
Mission statement
neverthirst exists to bring clean and living water to the unreached.
Statement of faith
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 679 of 1115 | 56 of 108 |
| Fund acquisition rating | | 868 of 1116 | 72 of 108 |
| Resource allocation rating | | 749 of 1116 | 65 of 108 |
| Asset utilization rating | | 242 of 1115 | 20 of 108 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 10% | 13% | 8% | 10% | 12% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 9% | 12% | 8% | 9% | 8% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 90% | 89% | 90% | 94% | 96% | 69% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 10% | 10% | 9% | 16% | 9% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 10% | 11% | 10% | 6% | 4% | 31% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 80% | 82% | 84% | 73% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 88% | 114% | 92% | 60% | 87% |
Program output ratio Program output ratio = Program services / Total revenue | 83% | 70% | 93% | 78% | 44% | 67% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 12% | -14% | 8% | 40% | 13% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | 33% | -50% | 17% | 68% | 44% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 10% | 8% | 7% | 11% | 13% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.94 | 2.10 | 3.67 | 2.06 | 0.99 | 2.53 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.91 | 1.07 | 1.13 | 1.04 | 1.05 | 1.15 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.15 | 2.24 | 4.16 | 2.14 | 1.04 | 2.91 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.04 | 10.63 | 15.92 | 60.73 | 67.26 | 6.50 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.09 | 0.06 | 0.02 | 0.01 | 0.15 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.06 | 4.84 | 2.70 | 5.53 | 11.35 | 3.48 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 11% | 12% | 12% | 2% | 5% | 13% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 83% | 42% | 24% | 48% | 96% | 34% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $2,659,313 | $1,632,064 | $2,561,284 | $2,198,198 | $783,604 |
| Receivables, inventories, prepaids | $920,768 | $615,648 | $748,644 | $616,664 | $102,895 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,580,081 | $2,247,712 | $3,309,928 | $2,814,862 | $886,499 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $134,191 | $142,554 | $128,567 | $136,056 | $132,859 |
| Other long-term assets | $107,005 | $157,280 | $0 | $0 | $0 |
| Total long-term assets | $241,196 | $299,834 | $128,567 | $136,056 | $132,859 |
| Total assets | $3,821,277 | $2,547,546 | $3,438,495 | $2,950,918 | $1,019,358 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $336,741 | $141,191 | $54,504 | $41,852 | $136,312 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $336,741 | $141,191 | $54,504 | $41,852 | $136,312 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $107,005 | $157,280 | $0 | $106,094 | $0 |
| Total long-term liabilities | $107,005 | $157,280 | $0 | $106,094 | $0 |
| Total liabilities | $443,746 | $298,471 | $54,504 | $147,946 | $136,312 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $742,396 | $719,032 | $719,032 | $719,032 | $256,886 |
| With donor restrictions | $2,635,135 | $1,530,043 | $2,664,959 | $2,083,940 | $626,160 |
| Net assets | $3,377,531 | $2,249,075 | $3,383,991 | $2,802,972 | $883,046 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $8,196,156 | $7,358,303 | $7,201,757 | $4,660,313 | $2,042,289 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,399 | $257 | $362 | $242 | $203 |
| Other revenue | $968,000 | $852,481 | $447,860 | $191,708 | $929,781 |
| Total other revenue | $969,399 | $852,738 | $448,222 | $191,950 | $929,984 |
| Total revenue | $9,165,555 | $8,211,041 | $7,649,979 | $4,852,263 | $2,972,273 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $6,420,241 | $7,628,713 | $5,958,714 | $2,144,886 | $1,999,477 |
| Management and general | $804,718 | $756,438 | $505,461 | $329,364 | $338,695 |
| Fundraising | $812,140 | $960,806 | $604,785 | $458,087 | $244,995 |
| Total expenses | $8,037,099 | $9,345,957 | $7,068,960 | $2,932,337 | $2,583,167 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $1,128,456 | ($1,134,916) | $581,019 | $1,919,926 | $389,106 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,128,456 | ($1,134,916) | $581,019 | $1,919,926 | $389,106 |
Compensation
| Name | Title | Compensation |
| Matt Letourneau | Executive Dir. | $240,860 |
| Brandon Gossett | Director of Dev | $170,688 |
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 1/21/2025. To update the information below, please email: [email protected]
History
It was 2006 when the founders of neverthirst were forever changed by hearing this simple question in a sermon based on Psalm 67:1-2.
What followed was a full year spent prayerfully seeking God's direction. After traveling overseas on multiple mission trips, witnessing poverty unlike they had ever seen before, our founders returned feeling called to do more.
Program accomplishments
To date, neverthirst has served over 1,400,000 people with clean and living water.