Water Well Trust Inc

Nonprofit profile at a glance

EIN
271659354
IRS 990 coverage
2015–2025
Forms available
Form 990 2025, Form 990-EZ 2014, Form 990-N 2011
Location
Davidson, NC, USA
Phone
8335398200
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Water Resource, Wetlands Conservation and Management

Official website

Reported finances

Revenue
$4,125,596
Expenses
$3,018,635
Assets
$6,582,608
Liabilities
$269,175

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • H A MILLS (PRESIDENT)

Highest reported compensation

  • ELIZABETH MCCLAIN (TREASURER): $94,015 total reported compensation
  • MARGARET MARTENS (EXECUTIVE DI): $28,056 total reported compensation
  • JESSE RICHARDSON (SECRETARY): $2,314 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Water well trust inc shall provide education and finanical support to aid domestic water well owners and water quality and quantity provided by domestic water wells. Water well trust inc has the following objectives: to provide wells to those in the united states who do not have a safe drinking water supply in therir homes; to protect wells by identfifying resources for rehabilitating existing wells or constructing new wells where needed; to provide safe drinking water to low-income and minority households in areas best served by wells; to develp projects that use wells as apart of an affordable, safe drinking water delivery system; and to develop and deliver educational programs to promote wells and to protect the health and drinking water supplies of those served by wells; and to provide septic systems to homes that are in need of proper disposal of waste water.

What it reported doing in 2025

Water well trust inc provided education, finanical aid, and drilled wells for families in the USA who did not have a safe drinking water supply in their homes, and provided septic systems for homes that did not have a proper way of disposing of waste water.

Operating model

Revenue model
Grant-funded. 60% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.3%; rating input score 69
  • Program expense ratio: 94.6%; rating input score 95
  • Fundraising efficiency: $47.83 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 26.8%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 2.18; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 25.9% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 23.1% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 24.6% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 69.3% of revenue deployed · 94.6% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.9M in reported program spending
  • Leadership: top reported pay $94K · 9 people listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 11 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.