DUCTILE IRON PIPE RESEARCH ASSOCIATION

EIN: 360879010

BIRMINGHAM, AL

Total Revenue
$9,045,957
Total Expenses
$9,239,706
Total Assets
$1,520,049
Net Assets
$1,520,049
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1915
Legal Domicile
AL
Principal Officer
DAVID COLE
Phone
2054028700
Tax Period
2025-01-01 to 2025-12-31

DUCTILE IRON PIPE RESEARCH ASSOCIATION, founded in 1915, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE VALUE TO ITS MEMBER COMPANIES AND THE WATER AND WASTEWATER INDUSTRY THROUGH RESEARCH INITIATIVES, STANDARDS DEVELOPMENT, AND FOCUSING ACTIVITIES ON PROMOTION OF DUCTILE IRON PIPE. DIPRA WILL FACILITATE INCREASED QUALITY AND COMPETITIVENESS THROUGH THE TRANSFER OF TECHNOLOGY AND DISSEMINATION OF BEST PRACTICES.

Program Service Accomplishments

Program 1

CONDUCTING RESEARCH AND TESTING FOR MEMBERS, ADVERTISING AND PUBLICITY FOR DUCTILE IRON PIPE INDUSTRY, PUBLICATION OF HANDBOOKS AND TECHNICAL MATERIALS, PROVIDING EDUCATIONAL PROGRAMS AND ASSISTANCE...

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CONDUCTING RESEARCH AND TESTING FOR MEMBERS, ADVERTISING AND PUBLICITY FOR DUCTILE IRON PIPE INDUSTRY, PUBLICATION OF HANDBOOKS AND TECHNICAL MATERIALS, PROVIDING EDUCATIONAL PROGRAMS AND ASSISTANCE TO CONSULTING ENGINEERS AND UTILITIES, AND DISSEMINATION OF SPECIFICATIONS AND STANDARDS.(1) CONDUCTING RESEARCH AND TESTING FOR MEMBERS(2) ADVERTISING AND PUBLICITY FOR DUCTILE IRON PIPE INDUSTRY(3) PUBLICATIONS OF HANDBOOKS AND TECHNICAL MATERIALS(4) PROVIDING EDUCATIONAL PROGRAMS AND ASSISTANCE TO CONSULTING ENGINEERS AND UTILITIES(5) DISSEMINATION OF SPECIFICATIONS AND STANDARDS

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,874,863
Investment Income $33,637
Other Revenue $137,457
TOTAL REVENUE $9,045,957

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,400,220
Fundraising Expenses $0
Other Expenses $6,839,486
TOTAL EXPENSES $9,239,706

Year-over-Year Comparison

2025 2024 Change
Revenue $9,045,957 $7,933,993 +0.1%
Expenses $9,239,706 $7,723,891 +0.2%
Net Income $-193,749 $210,102 -1.9%
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

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Governance

Voting Members
4
Independent Members
4
Employees
15
Volunteers
24

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
5
$336,029
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
7
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HAGELSKAMP CHAIR 1.00
Officer Director
$0 $0 $0
JEFF S OTTERSTEDT VICE CHAIR 1.00
Officer Director
$0 $0 $0
RYAN MCCULLOUGH TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL S DENNISTON SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID COLE PRESIDENT 40.00
Officer
$316,380 $19,649 $336,029
JOSHUA BLOUNT REGIONAL DIRECTOR 40.00
Highest
$174,944 $49,587 $224,531
STEPHEN DAUL REGIONAL DIRECTOR 40.00
Highest
$175,560 $38,015 $213,575
L GREGG HORN VP TECHNICAL SERVICES 40.00
Highest
$229,136 $52,438 $281,574
PAUL H HANSON REGIONAL DIRECTOR 40.00
Highest
$181,905 $29,201 $211,106
ALLEN COX REGIONAL DIRECTOR 40.00
Highest
$186,174 $38,140 $224,314
JANINE ALEXANDER REGIONAL DIRECTOR 40.00
Highest
$195,450 $25,793 $221,243
BRIAN HARTLOVE VP MARKETING & COMMUNICATI 40.00
Highest
$171,981 $49,409 $221,390
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 $9,045,957 $9,239,706 $1,520,049 $-193,749
2024 $7,933,993 $7,723,891 $1,713,798 $210,102
2023 $6,707,018 $6,595,546 $1,503,696 $111,472
2022 $5,881,671 $5,685,368 $1,392,224 $196,303
2021 $5,407,671 $5,409,274 $1,195,921 $-1,603
2020 $5,262,415 $4,883,596 $1,197,524 $378,819
2019 $4,951,273 $4,992,360 $818,705 $-41,087
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