Skip to content
Nonprofiteer
← WATER FINANCE EXCHANGE INC

Form 990 for tax year 2024

Filed by WATER FINANCE EXCHANGE INC.

Totals

Total revenue
$3,611,496
Total expenses
$2,131,411
Contributions and grants received
$3,515,792
Grants paid
$0
Program service revenue
$5,832
Investment income
$89,872
Other revenue
$0
Total assets, end of year
$4,237,437
Total liabilities, end of year
$66,183
Net assets or fund balances, end of year
$4,171,254
Program services expenses (Part IX)
$1,815,774
Management and general expenses
$249,777
Fundraising expenses
$65,860
Program service expenses (Part III)
$1,815,774

Program services were 85.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,515,792

  • 2a · Program service revenue: CONSULTING SERVICES

    total $5,832 · related or exempt $5,832

  • 3 · Investment income

    total $89,872 · excluded $89,872

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $245,000 · program services $205,800 · management and general $29,400 · fundraising $9,800

  • 7 · Other salaries and wages

    total $458,261 · program services $384,940 · management and general $54,991 · fundraising $18,330

  • 8 · Pension plan contributions

    total $26,041 · program services $21,874 · management and general $3,125 · fundraising $1,042

  • 9 · Other employee benefits

    total $112,556 · program services $94,547 · management and general $13,507 · fundraising $4,502

  • 10 · Payroll taxes

    total $51,123 · program services $42,943 · management and general $6,135 · fundraising $2,045

  • 11b · Fees: legal

    total $18,000 · program services $18,000

  • 11c · Fees: accounting

    total $52,988 · management and general $52,988

  • 11g · Fees: other

    total $906,502 · program services $874,411 · management and general $4,398 · fundraising $27,693

  • 12 · Advertising and promotion

    total $2,700 · management and general $2,700

  • 13 · Office expenses

    total $16,923 · program services $5,866 · management and general $11,057

  • 16 · Occupancy

    total $11,423 · program services $600 · management and general $10,823

  • 17 · Travel

    total $187,941 · program services $138,893 · management and general $46,600 · fundraising $2,448

  • 23 · Insurance

    total $11,522 · program services $10,139 · management and general $1,383

  • 24a · Other expenses: SPONSORSHIPS

    total $13,049 · program services $9,967 · management and general $3,082

  • 24b · Other expenses: SUBSCRIPTIONS & FEES

    total $8,598 · program services $2,388 · management and general $6,210

  • 24c · Other expenses: PRE DEVELOPMENT GRANTS

    total $5,270 · program services $5,270

  • 24d · Other expenses: BANK FEES

    total $1,113 · management and general $1,113

  • 24e · All other expenses

    total $2,401 · program services $136 · management and general $2,265

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,752,254 · end of year $3,616,134

  • 3 · Pledges and grants receivable

    beginning of year $1,900,000 · end of year $305,832

  • 4 · Accounts receivable

    beginning of year $15,000

  • 7 · Other notes and loans receivable

    beginning of year $8,000 · end of year $287,730

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,118 · end of year $27,741

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,669 · end of year $64,914

  • 19 · Deferred revenue

    beginning of year $1,900,000

  • 25 · Other liabilities

    beginning of year $18,534 · end of year $1,269

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,691,169 · end of year $4,171,254

Mission and programs · 2024

Mission

THE WATER FINANCE EXCHANGE'S (WFX) OBJECTIVE IS TO SIGNIFICANTLY INCREASE FUNDING SOLUTIONS IN THE U.S. WATER, WASTEWATER AND STORMWATER SYSTEMS, WITH EMPHASIS ON RURAL AND DISADVANTAGED COMMUNITIES.

Activities or mission (Part I)

THE WATER FINANCE EXCHANGE'S (WFX) MISSION IS TO HELP COMMUNITIES ACCESS FUNDING, FINANCING, AND EXPERTISE TO IMPLEMENT RESILIENT, SUSTAINABLE, AND EQUITABLE WATER INFRASTRUCTURE SOLUTIONS. WFX SERVES AS A NEUTRAL PARTNER FOR COMMUNITIES TO PROVIDE SUPPORT FROM PROJECT CONCEPTION TO IMPLEMENTATION. WFX BELIEVES THAT NEW, INNOVATIVE MODELS ARE NECESSARY TO MEET THE NEEDS OF COMMUNITIES AROUND THE COUNTRY. THESE STRATEGIES MUST BE HOLISTIC, INTEGRATING AFFORDABLE COMMUNITY FINANCING WITH THE STEWARDSHIP OF WATER RESOURCES.

  • PIPELINE DEVELOPMENT. WFX PROVIDED COMMUNITIES WITH THE BEST NETWORK OF RESOURCES TO HELP THEM SELECT, DESIGN, AND FUND PROJECTS THAT MEET THEIR LOCAL PRIORITIES. BY FOCUSING ON COMMUNITIES THAT LACK THE NECESSARY FUNDING AND DO NOT HAVE ACCESS TO CAPITAL MARKETS, WFX CONNECTS COMMUNITIES IN NEED WITH THE TECHNICAL EXPERTISE AND TARGETED FINANCIAL RESOURCES CURRENTLY UNAVAILABLE TO HELP ADDRESS THEIR WATER INFRASTRUCTURE ISSUES.

    Expenses $605,258 · Revenue $5,832

  • PROJECT DEVELOPMENT. WFX DOES NOT INTEND TO BE A PRIMARY FUNDER OF WATER INFRASTRUCTURE; RATHER, ITS FINANCE ACTIVITIES ARE NARROWLY DESIGNED TO FILL COMMUNITY GAPS THAT ARE PREVENTING FULL FINANCING FROM OCCURRING. WFX CONNECTS COMMUNITIES TO THE RIGHT EXPERTISE AND ACCESSIBLE FINANCIAL RESOURCES WHICH HELP TO SUPPORT PRE-DEVELOPMENT AND DE-RISK PROJECTS.

    Expenses $605,258

  • PARTNERSHIP DEVELOPMENT (FACILITATE INVESTMENT AND BUILD SELF-SUPPORTING NETWORKS). WFX BELIEVES THAT IT CAN SUPPORT THE EFFORTS OF SMALLER COMMUNITIES TO ACCESS FUNDING BY ASSEMBLING THE NEEDED EXPERTISE, BUILD TRUSTED RELATIONSHIPS WITH COMMUNITIES, COMPLETE PROJECTS, AND LEARN AND DISSEMINATE INFORMATION ABOUT RECURRING ISSUES AND SOLUTIONS THAT ALLOW FOR SCALING-UP FUNDING OF SIMILARLY SITUATED COMMUNITIES AND REGIONAL INITIATIVES THAT WOULD OTHERWISE BE UNAVAILABLE. WFX WILL CONTINUE TO SERVE AS A NATIONAL PLATFORM TO ACCELERATE THE ADOPTION OF BEST PRACTICES, INCREASE THE ABILITY OF SMALLER COMMUNITIES TO ACCESS FINANCING, AND CLOSE THE WATER INFRASTRUCTURE EQUITY GAP FOR SMALL AND RURAL COMMUNITIES.

    Expenses $605,258

As filed on the 2024 return.

Listed in Part VII

  • F HENRY HABICHT II

    PRESIDENT & EX. DIRECTOR

    Total calculated
    $245,000
    From this org
    $245,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

    Schedule J breakdown matched by us

    Base
    $245,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $245,000

  • BRENT FEWELL

    SECRETARY

    Total calculated
    $214,167
    From this org
    $0
    From related orgs
    $214,167
    Other
    $0
    Hours/week
    25

    Schedule J breakdown matched by us

    Base
    $0 + $214,167 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $214,167 related

  • ADAM KRANTZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JENNIFER KURZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • WILLIAM TEICHMILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • LAURA HUFFMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MONICA ELLIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • USHA RAO-MONARI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BRENDAN MCGINNIS

    TREASURER

    Total calculated
    $153,500
    From this org
    $0
    From related orgs
    $153,500
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $153,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $153,500 related

  • ROGELIO RODRIGUEZ

    DIRECTOR, TX INFRASTRUCTUR

    Total calculated
    $299,243
    From this org
    $258,898
    From related orgs
    $0
    Other
    $40,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,898
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $40,345
    Filer's total
    $299,243

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202522949349300437

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.