Water4 Inc

Nonprofit profile at a glance

EIN
263260581
IRS 990 coverage
2013–2024
Forms available
Form 990 2024, Form 990-T 2020
Location
Oklahoma City, OK, USA
Phone
4055518214
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$10,140,225
Expenses
$4,015,409
Assets
$19,439,206
Liabilities
$332,889

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • MATTHEW HANGEN (PRESIDENT & CEO)

People named in this filing

  • RICHARD C GREENLY (BOARD CHARIMAN)
  • MARTY GRUBBS (BOARD MEMBER)
  • DAVID WOODS (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Water4, inc. Is a faith-based nonprofit corporation organized under the laws of the state of Oklahoma and accredited by the evangelical council for financial accountability (ecfa). (continued on schedule o)

What it reported doing in 2024

Water4 operates numa water utilities in ghana through its wholly owned subsidiary, 4ward development west africa. Operations are concentrated across the western, central, upper west, and savannah regions, where water4 develops and operates treated, piped water systems serving rural communities. As of the reporting period, numa ghana operates 178 water systems, 186 elevated towers, and approximately 746 kilometers of pipeline infrastructure, delivering treated water through 394 retail points and 9,948 household connections. During the reporting period, operations in ghana served approximately 354,000 people with reliable access to treated, piped water. The ghana business represents one of water4's most mature operating markets, with established infrastructure, high household adoption, and consistent service delivery. Program expenses primarily supported the construction and expansion of water infrastructure, including systems, towers, pipelines, and household connections.these systems operated continuously throughout the reporting period and will continue serving these households in subsequent fiscal years without additional donor funding for ongoing operations, as customer water-sales revenue covers operations and maintenance.cumulative people served across water4's numa portfolio reached approximately 909,000 as of the reporting period (354,000 in ghana, 240,000 in sierra leone, 189,000 in zambia, and 126,000 in uganda), the substantial majority of whom were connected in prior fiscal years and continue receiving service funded by local operations rather than current-year contributions. Across all four operating countries, water4's numa portfolio comprises 363 water systems, 336 elevated towers, approximately 1,321 kilometers of pipeline infrastructure, 734 retail water points, and 15,506 household connections as of june, 2025.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 67% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 83
  • Accountability: 100
  • Sustainability: 92
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 31%; rating input score 31
  • Program expense ratio: 76.6%; rating input score 77
  • Fundraising efficiency: $15.71 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 3 of 8 controls in place; rating input score 38
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Pass
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Pass
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 60.4%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 4.84; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 90; 90th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: 8% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 14.6% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 31% of revenue deployed · 76.6% of spending went to programs
  • Governance: 7 of 7 board members independent · 7 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $3.1M in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors, foreign activity, and related organizations
  • Filing history: 8 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

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

  • Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
  • Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.