HYDRAULIC INSTITUTE INC

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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

1917

Legal Domicile

Principal Officer

MICHAEL MICHAUD

Phone

9732679700

Tax Period

2024-01-01 to 2024-12-31

HYDRAULIC INSTITUTE INC, founded in 1917, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Expenses of $3.5M left a modest 8% surplus.

Mission

HIs Vision: Drive all Pump System stakeholders towards a sustainable future HIs Mission:Advance Solutions for Pump System Performance and Efficiency Develop Standards and Technical ResourcesEducate the Global MarketplaceAdvocate for the Industry

Program Service Accomplishments

Program 1

MEMBER DUES PROVIDE FUNDING USED BY THE ORGANIZATION TO FURTHER ITS MISSION INCLUDING DEVELOPING INDUSTRY STANDARDS FOR PUMP USERS WORLDWIDE AND TO DEVELOP EDUCATION PROGRAMS BENEFICIAL TO THE PUMP...

Program 2

THE HYDRAULIC INSTITUTE PUBLISHES INDUSTRY STANDARDS, THE ENGINEERING DATA BOOK, SEALING GUIDELINES, THE LCC GUIDE, THE VSP GUIDE, THE OPTIMIZING SYSTEMS GUIDE, POWER PLANT GUIDELINE, PUMP TEST LAB APPROVAL GUIDE AND OFFERS SUBSCRIPTIONS TO ECONOMIC REPORTS ABOUT THE PUMPING INDUSTRY. THESE PUBLICATIONS PROVIDE INFORMATION FOR PUMP USERS TO ENABLE THEM TO MAXIMIZE EFFECTIVE APPLICATION TESTING, INSTALLATION, OPERATION AND MAINTENANCE OF PUMPS AND PUMPING SYSTEMS.

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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 $0

Program Service Revenue $3,040,050

Investment Income $454,642

Other Revenue $271,136

TOTAL REVENUE $3,765,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,682,803

Fundraising Expenses $0

Other Expenses $1,793,719

TOTAL EXPENSES $3,476,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,765,828	$3,513,409	+0.1%
Expenses	$3,476,522	$3,243,128	+0.1%
Net Income	$289,306	$270,281	+0.1%

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

150

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MICHAUD	EXECUTIVE DIRECTOR	32.00		$332,882	$60,880	$476,983
PETER GAYDON	DIRECTOR OF TECHNICAL AFFAIRS	36.00		$199,835	$45,045	$267,084
MIKE REIMERS	CONTROLLER	32.00		$124,726	$19,668	$197,848
DENIELLE GIORDANO	DIRECTOR, MARKETING AND EVENTS	36.00		$101,518	$25,717	$161,074
MATT DERNER	MANAGER, BUSINESS DEVELOPMENT	11.00		$32,247	$912	$129,900
SCOTT KING	Chairman	5.00	Officer Director	$0	$0	$0
MIKE MANCUSO	Director	5.00	Director	$0	$0	$0
DAVID FLINTON	Director	5.00	Director	$0	$0	$0
TROY PICKERING	Director	5.00	Director	$0	$0	$0
JULIAN ATCHIA	Director	5.00	Director	$0	$0	$0
AL POURIA	Director	5.00	Director	$0	$0	$0
JOHN DONATIELLO	President	5.00	Officer Director	$0	$0	$0
KERBY POPE	Treasurer	5.00	Director	$0	$0	$0
TRYGE DAHL	Director	5.00	Director	$0	$0	$0
ANSELL SIMS	Secretary	5.00	Director	$0	$0	$0
GREG CASE	Director	5.00	Director	$0	$0	$0
JACK CLAXTON	Director	5.00	Director	$0	$0	$0
DAN MCGRATH	Director	5.00	Director	$0	$0	$0
GREG LEVINE	Director	5.00	Director	$0	$0	$0

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
2024	$3,765,828	$3,476,522	$6,583,083	$289,306
2023	$3,513,409	$3,243,128	$5,959,150	$270,281
2022	$2,654,517	$3,126,172	$5,778,517	$-471,655
2021	$2,798,484	$2,610,632	$5,955,075	$187,852
2020	$2,889,367	$2,533,929	$5,540,699	$355,438
2019	$3,187,038	$2,691,941	$5,269,551	$495,097
2018	$2,760,160	$2,568,742	$4,605,019	$191,418