ATLANTIC STATES WATER & WASTEWATER… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

MICHAEL HAGE

Phone

8603052121

Tax Period

2024-07-01 to 2025-06-30

ATLANTIC STATES WATER & WASTEWATER ASSOC, founded in 1995, is a small nonprofit that reported $578K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $528K left a modest 9% surplus.

Mission

TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO RURAL AND MUNICIPAL WATER AND WASTEWATER SYSTEMS.

Program Service Accomplishments

Program 1

Expenses: $447,835 Revenue: $6,085

TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO RURAL AND MUNICIPAL WATER AND WASTEWATER SYSTEMS. RURAL WATER TRAINING AND TECHNICAL ASSISTANCE COVERS EVERY ASPECT OF OPERATING, MANAGING AND...

TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO RURAL AND MUNICIPAL WATER AND WASTEWATER SYSTEMS. RURAL WATER TRAINING AND TECHNICAL ASSISTANCE COVERS EVERY ASPECT OF OPERATING, MANAGING AND FINANCING WATER AND WASTEWATER UTILITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $516,624

Program Service Revenue $6,085

Investment Income $0

Other Revenue $54,805

TOTAL REVENUE $577,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,931

Fundraising Expenses $0

Program Expenses $447,835

Other Expenses $211,945

TOTAL EXPENSES $527,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$577,514	$332,095	+0.7%
Expenses	$527,876	$394,570	+0.3%
Net Income	$49,638	$-62,475	-1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$105,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WITTENZELLNER	BOARD MEMBER	0.10	Director	$0	$0	$0
DAVID NIGRO	BOARD MEMBER	0.10	Director	$0	$0	$0
PAM MINELLA	TREASURER	0.10	Officer Director	$0	$0	$0
PETE KASACK	PRESIDENT	0.10	Officer Director	$0	$0	$0
TED DONOGHUE	SECRETARY	0.10	Officer Director	$0	$0	$0
MIKE HAGE	EXECUTIVE DIRECTOR	40.00	Officer	$105,450	$0	$105,450

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$577,514	$527,876	$182,826	$49,638
2024	$332,095	$394,570	$174,488	$-62,475
2023	$255,114	$320,430	$140,072	$-65,316
2022	$457,374	$455,709	$213,878	$1,665
2021	$473,643	$446,854	$168,099	$26,789
2020	$384,725	$406,407	$155,503	$-21,682
2019	$532,269	$520,591	$173,471	$11,678
2018	$589,503	$562,418	$203,244	$27,085

ATLANTIC STATES WATER & WASTEWATER ASSOC