NATIONAL ASSOCIATION OF CLEAN WATE… - 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

1970

Legal Domicile

Principal Officer

ADAM KRANTZ

Phone

2028332672

Tax Period

2024-10-01 to 2025-09-30

NATIONAL ASSOCIATION OF CLEAN WATER AGENCIES, founded in 1970, is a mid-sized nonprofit that reported $10.7M in total revenue in fiscal year 2024.

Mission

NACWA IS THE NATIONAL VOICE OF PUBLIC CLEAN WATER UTILITIES, SHAPING WATER POLICY, CONVENING A VIBRANT PEER NETWORK, AND EMPOWERING WATER LEADERS.

Program Service Accomplishments

Program 1

THE NATIONAL ASSOCIATION OF CLEAN WATER AGENCIES (NACWA) IS THE LEADING ADVOCATE FOR RESPONSIBLE NATIONAL POLICIES THAT ADVANCE CLEAN WATER. NACWA REPRESENTS THE COLLECTIVE INTERESTS OF AMERICA'S...

THE NATIONAL ASSOCIATION OF CLEAN WATER AGENCIES (NACWA) IS THE LEADING ADVOCATE FOR RESPONSIBLE NATIONAL POLICIES THAT ADVANCE CLEAN WATER. NACWA REPRESENTS THE COLLECTIVE INTERESTS OF AMERICA'S PUBLICLY OWNED WASTEWATER, STORM WATER AND COLLECTION SYSTEM UTILITIES - DEDICATED PUBLIC SERVANTS AND TRUE ENVIRONMENTAL CHAMPIONS. FOR OVER 55 YEARS, NACWA HAS BEEN A LEADING VOICE IN CONGRESS, AT THE U.S. ENVIRONMENTAL PROTECTION AGENCY, IN THE MEDIA, AND IN THE COURTS. NACWA MAINTAINS A KEY ROLE IN THE DEVELOPMENT OF ENVIRONMENTAL LEGISLATION AND WORKS CLOSELY WITH FEDERAL REGULATORY AGENCIES IN THE IMPLEMENTATION OF SOUND ENVIRONMENTAL PROGRAMS. NACWA IS ALSO AN INVALUABLE RESOURCE FOR THE CLEAN WATER SECTOR THROUGH ITS CONFERENCES AND PEER-TO-PEER BEST PRACTICES SHARING.

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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 $18,700

Program Service Revenue $10,165,145

Investment Income $472,505

Other Revenue $66,300

TOTAL REVENUE $10,722,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,132,036

Fundraising Expenses $0

Other Expenses $4,311,235

TOTAL EXPENSES $10,443,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,722,650	$10,703,636	+0.0%
Expenses	$10,443,271	$9,569,571	+0.1%
Net Income	$279,379	$1,134,065	-0.8%

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

650

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

$570,582

Total Directors

Key Employees

$1,460,359

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICKEY CONWAY	PRESIDENT (AS OF 4/2025)	2.00	Officer Director	$0	$0	$0
DIANE TANIGUCHI-DENNIS	PRESIDENT (THRU 3/2025)	2.00	Officer Director	$0	$0	$0
KYLE DREYFUSS-WELLS	VICE PRESIDENT (AS OF 7/2025)	2.00	Officer Director	$0	$0	$0
LAURA BRIEFER	TREASURER (AS OF 7/2025)	2.00	Officer Director	$0	$0	$0
CALVIN FARR JR	SECRETARY (AS OF 7/2025)	2.00	Officer Director	$0	$0	$0
KRISTEN L ATHA	DIRECTOR	1.00	Director	$0	$0	$0
ROGER BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
JAY BERNAS	DIRECTOR	1.00	Director	$0	$0	$0
JEAN BLOCK	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE COFFEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DENARD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FERRANTE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GADIS	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN GANO	DIRECTOR	1.00	Director	$0	$0	$0
KAMURON GUROL	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH FAZIO HALE	DIRECTOR	1.00	Director	$0	$0	$0
RANDY HAYMAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE HORRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JEREMIAH JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE KATZENMOYER	DIRECTOR	1.00	Director	$0	$0	$0
SANDEEP KARKAL	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW LEE	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA LICATA	DIRECTOR (THRU 7/2025)	1.00	Director	$0	$0	$0
OLUWOLE MCFOY	DIRECTOR (THRU 1/2025)	1.00	Director	$0	$0	$0
CARMEN MORENO-RIVERA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PARROTT	DIRECTOR (THRU 7/2025)	1.00	Director	$0	$0	$0
SUSAN PEKAREK	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN PERKOVICH	DIRECTOR (THRU 3/2025)	1.00	Director	$0	$0	$0
DAVID PERSINGER	DIRECTOR	1.00	Director	$0	$0	$0
KISHIA POWELL	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA SCHIMMEL	DIRECTOR	1.00	Director	$0	$0	$0
TODD SWINGLE	DIRECTOR	1.00	Director	$0	$0	$0
LEISA THOMPSON	DIRECTOR (THRU 7/2025)	1.00	Director	$0	$0	$0
MICHAEL WITT	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN VALENTINO	DIRECTOR	1.00	Director	$0	$0	$0
PIETER VAN RY	DIRECTOR	1.00	Director	$0	$0	$0
JODY ZABOLIO	DIRECTOR	1.00	Director	$0	$0	$0
ADAM KRANTZ	CHIEF EXECUTIVE OFFICER	37.50	Officer	$460,529	$110,053	$570,582
CHRISTOPHER J HORNBACK	DEPUTY CHIEF EXECUTIVE OFFICER	37.50	Key Emp	$319,111	$93,455	$412,566
NATHAN GARDNER-ANDREWS	CHIEF ADVOCACY & POLICY	37.50	Key Emp	$287,562	$89,241	$376,803
MEREDITH RISTIC	CHIEF FINANCIAL OFFICER	37.50	Key Emp	$300,048	$79,863	$379,911
AMANDA ASPATORE	GENERAL COUNSEL	37.50	Key Emp	$256,267	$34,812	$291,079
GUNNAR GEHRMANN	CHIEF INFORMATION OFFICER	37.50	Highest	$183,045	$71,404	$254,449
KRISTINA SURFUS	MANAGING DIRECTOR, GOV AFFAIRS	37.50	Highest	$196,035	$61,035	$257,070
SHARON POWELL	SR. DIRECTOR, HUMAN RESOURCES	37.50	Highest	$183,342	$68,856	$252,198
EMILY REMMEL	SENIOR DIRECTOR, REGULATORY AFFAIRS	37.50	Highest	$168,537	$67,493	$236,030
KELLY BROCATO	SR DIR, MEMBER. DEVEL. & RETENTION	37.50	Highest	$155,817	$64,409	$220,226

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	$10,722,650	$10,443,271	$11,921,960	$279,379
2024	$10,703,636	$9,569,571	$11,128,453	$1,134,065
2023	$9,205,291	$8,892,481	$9,803,738	$312,810
2022	$7,812,643	$8,687,715	$7,976,873	$-875,072
2021	$7,554,900	$6,496,992	$9,685,403	$1,057,908
2020	$7,274,735	$7,001,779	$8,378,244	$272,956
2019	$7,333,755	$7,111,816	$7,730,740	$221,939
2018	$10,530,611	$7,187,797	$5,354,975	$3,342,814

NATIONAL ASSOCIATION OF CLEAN WATER AGENCIES