WATER QUALITY ASSOCIATION

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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

1951

Legal Domicile

Principal Officer

KYLE JONES

Phone

6305050160

Tax Period

2024-01-01 to 2024-12-31

WATER QUALITY ASSOCIATION, founded in 1951, is a mid-sized nonprofit in the Environment sector that reported $15.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $14.7M left a modest 6% surplus.

Mission

THE RECOGNIZED RESOURCE AND ADVOCATE FOR THE BETTERMENT OF WATER QUALITY

Program Service Accomplishments

Program 1

PROVIDE WATER TREATMENT EDUCATION, TRAINING AND CERTIFICATION PROGRAMS FOR MEMBERS.

Program 2

LABORATORY SERVICES AND INDEPENDENT TESTING FOR MANUFACTURERS AND SUPPLIERS OF PRODUCTS THAT CONTACT DRINKING WATER INCLUDING CHEMICALS, FAUCETS AND RO SYSTEMS. WQA GOLD SEAL PROGRAM IS DEDICATED TO...

Program 3

CONVENTIONS AND MEETINGS TO INCLUDE ANNUAL TRADE SHOW, REGIONAL MEETINGS AND SEMINARS ON TOPICAL ISSUES FOR MEMBERS.

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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 $3,418,457

Program Service Revenue $11,907,881

Investment Income $220,533

Other Revenue $201,889

TOTAL REVENUE $15,748,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,733,828

Fundraising Expenses $0

Other Expenses $6,004,425

TOTAL EXPENSES $14,738,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,748,760	$13,501,320	+0.2%
Expenses	$14,738,253	$14,717,358	+0.0%
Net Income	$1,010,507	$-1,216,038	-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

$949,711

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK A CAMPBELL	TREASURER	0.25	Officer Director	$0	$0	$0
DOUG ANDERSON	DIRECTOR	0.25	Director	$0	$0	$0
LARRY F GOTTLIEB	GOVERNOR	0.25	Officer Director	$0	$0	$0
TED JONES	DIRECTOR	0.25	Director	$0	$0	$0
DOUGLAS HARING	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL HERMAN	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY B HILL	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL MORMINO	GOVERNOR	0.25	Officer Director	$0	$0	$0
REBECCA TALLON	DIRECTOR	0.25	Director	$0	$0	$0
KEN STEITZ	DIRECTOR	0.25	Director	$0	$0	$0
JUDD LARNED	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE MITCHELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMANDA MOORE	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUGLAS A RAMER	GOVERNOR	0.25	Officer Director	$0	$0	$0
GREGORY REYNEKE	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN T GRIESBACH	DIRECTOR	0.25	Director	$0	$0	$0
BETH ALLISON	DIRECTOR	1.00	Director	$0	$0	$0
DON LINE	DIRECTOR	0.25	Director	$0	$0	$0
CANDICE WENTLING	DIRECTOR	0.25	Director	$0	$0	$0
IRMA BISHOP	DIRECTOR	0.25	Director	$0	$0	$0
ADRIAN CHIU	DIRECTOR	0.25	Director	$0	$0	$0
MIKE DRAGOO	DIRECTOR	0.25	Director	$0	$0	$0
SHANNON MURPHY	DIRECTOR	0.25	Director	$0	$0	$0
DAVID NELSON	DIRECTOR	0.25	Director	$0	$0	$0
LAURA UNDESSER	CEO	40.00	Officer	$429,976	$19,967	$449,943
KYLE JONES	CFO	40.00	Officer	$223,865	$12,068	$235,933
THOMAS BRUURSEMA	COO	40.00	Officer	$245,206	$18,629	$263,835
ZACHARY GLEASON	DIRECTOR OF LABORATORY	40.00	Highest	$183,085	$26,702	$209,787
JONATHAN ADAMS	VP OF INNOVATION	40.00	Highest	$176,514	$32,016	$208,530
MIKE SENNETT	LEGAL COUNSELOR	24.00	Highest	$185,875	$10,000	$195,875
KELLI FLEISCHMANN	VP OF GLOBAL SERVICES	40.00	Highest	$194,210	$10,534	$204,744

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	No data	No data	No data	No data
2024	$15,748,760	$14,738,253	$15,067,393	$1,010,507
2023	$13,501,320	$14,717,358	$14,502,416	$-1,216,038
2022	$12,813,227	$13,030,684	$13,628,760	$-217,457
2021	$12,347,420	$12,091,850	$13,289,428	$255,570
2020	$11,184,939	$10,285,108	$10,208,407	$899,831
2019	$11,506,580	$11,239,630	$7,950,464	$266,950
2018	$10,911,421	$10,686,896	$7,130,123	$224,525