National Association of Water Comp… - 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

1895

Legal Domicile

Principal Officer

Robert Powelson

Phone

2676917765

Tax Period

2023-01-01 to 2023-12-31

National Association of Water Companies, founded in 1895, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $7.0M left a modest 7% surplus.

Mission

NAWC IS THE TRADE ASSOCIATION FOR THE PRIVATE WATER INDUSTRY THAT PROVIDES EDUCATIONAL AND INFORMATIONAL SUPPORT TO ITS MEMBERS, AND TO THOSE THAT WORK WITHIN THE INDUSTRY.

Program Service Accomplishments

Program 1

GOVERNMENT RELATIONS - WORK TO ENSURE THAT THE NEEDS OF THE PRIVATE WATER INDUSTRY AND ITS CUSTOMERS ARE COMMUNICATED TO FEDERAL AGENCY OFFICIALS AND LEGISLATORS. GOVERNMENT AFFAIRS ACTIVITIES...

GOVERNMENT RELATIONS - WORK TO ENSURE THAT THE NEEDS OF THE PRIVATE WATER INDUSTRY AND ITS CUSTOMERS ARE COMMUNICATED TO FEDERAL AGENCY OFFICIALS AND LEGISLATORS. GOVERNMENT AFFAIRS ACTIVITIES PROVIDE LEGISLATIVE LIAISON, MONITOR IMPORTANT LEGISLATION AND REPORT TO MEMBER COMPANIES, PROVIDE TECHNICAL EXPERTISE AT HEARINGS AND TO REGULATORY AGENCIES.

Program 2

REGULATORY RELATIONS - PROVIDE INPUT TO STATE PUBLIC UTILITY COMMISSIONS ABOUT RELEVANT ASPECTS OF THE PRIVATE WATER INDUSTRY.

Program 3

COMMUNICATIONS - POSITION NAWC AS A CREDIBLE AND RESPONSIVE RESOURCE FOR ANYONE SEEKING INFORMATION ABOUT THE WATER ISSUES FACING OUR NATION AND THE SOLUTIONS OFFERED BY THE PRIVATE WATER INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $284,300

Program Service Revenue $6,751,593

Investment Income $259,962

Other Revenue $206,077

TOTAL REVENUE $7,501,932

Expense Breakdown

Grants Paid $120,390

Salaries & Benefits $2,552,837

Fundraising Expenses $0

Other Expenses $4,298,517

TOTAL EXPENSES $6,971,744

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,501,932	$6,794,764	+0.1%
Expenses	$6,971,744	$5,858,410	+0.2%
Net Income	$530,188	$936,354	-0.4%

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

$643,625

Total Directors

Key Employees

$1,148,435

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert F Powelson	President & CEO	37.0	Officer	$579,121	$64,504	$643,625
Rikardo Hull	Exec. VP of Strategy & Ext	37.0	Key Emp	$333,801	$47,005	$380,806
April Ballou	General Counsel	37.0	Key Emp	$264,906	$42,091	$306,997
jenn kocher	vp of comm & marketing	37.0	Key Emp	$207,526	$37,998	$245,524
Michael Horner	Director of Admin & Member	37.0	Key Emp	$179,135	$35,973	$215,108
Andrew R Gere	Board Member - Past	1.0	Director	$0	$0	$0
Maureen Duffy	Board Member	1.0	Director	$0	$0	$0
Christopher Franklin	board Member	1.0	Director	$0	$0	$0
Joe Gysel	board Member	1.0	Director	$0	$0	$0
JT Hand	board Member	1.0	Director	$0	$0	$0
Patrick J Kerr	board Member	1.0	Director	$0	$0	$0
Jay L Kooper Esq	board Member	1.0	Director	$0	$0	$0
Martin A Kropelnicki	board Member	1.0	Director	$0	$0	$0
arun banskota	Board Member - Past	1.0	Director	$0	$0	$0
catherine heigel	Board Member - Past	1.0	Director	$0	$0	$0
josiah cox	board Member	1.0	Director	$0	$0	$0
Rob MacLean	board member	1.0	Director	$0	$0	$0
Steve Meininger	Board Member - Past	1.0	Director	$0	$0	$0
Donald J Morrissey	Chair	1.0	Officer Director	$0	$0	$0
Robert Nicholson	board Member	1.0	Director	$0	$0	$0
susan hardwick	board member	1.0	Director	$0	$0	$0
Robert J Sprowls	board Member	1.0	Director	$0	$0	$0
karine rogue	Vice Chair	1.0	Officer Director	$0	$0	$0
Nicholle Taylor	Board Member	1.0	Director	$0	$0	$0
Ron Fleming	Board Member	1.0	Director	$0	$0	$0
Sherlock Shockey Gillet Jr	Board Member	1.0	Director	$0	$0	$0
Johny Johnson	Board Member	1.0	Director	$0	$0	$0
Steve Lubertozzi	Board Member	1.0	Director	$0	$0	$0
Eric Thornburg	Board Member	1.0	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	No data	No data	No data	No data
2023	$7,501,932	$6,971,744	$9,228,422	$530,188
2022	$6,794,764	$5,858,410	$8,243,772	$936,354
2021	$6,127,244	$5,008,662	$7,256,831	$1,118,582
2020	$5,296,088	$4,940,063	$6,249,270	$356,025
2019	$5,029,548	$5,297,779	$5,022,187	$-268,231
2018	$4,672,132	$5,282,918	$5,412,171	$-610,786

National Association of Water Companies