NASSCO 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

2002

Legal Domicile

Principal Officer

SHEILA JOY

Phone

3016242400

Tax Period

2023-07-01 to 2024-06-30

NASSCO INC, founded in 2002, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

PROMOTION OF THE SEWER SERVICE INDUSTRY.

Program Service Accomplishments

Program 1

PROMOTE PUBLIC AWARENESS AND ACCEPTANCE OF SEWER SERVICE INDUSTRY ISSUES, DEVELOP CERTIFICATION PROGRAMS, FORMULATE INDUSTRY SPECIFICATIONS AND GUIDELINES.

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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 $59,550

Program Service Revenue $5,759,022

Investment Income $48,927

Other Revenue $72,795

TOTAL REVENUE $5,940,294

Expense Breakdown

Grants Paid $11,155

Salaries & Benefits $903,925

Fundraising Expenses $64,039

Other Expenses $5,285,853

TOTAL EXPENSES $6,200,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,940,294	$4,930,009	+0.2%
Expenses	$6,200,933	$5,100,837	+0.2%
Net Income	$-260,639	$-170,828	+0.5%

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

$205,132

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sheila Joy	Executive Dir.	40.00	Officer	$200,832	$4,300	$205,132
Heather Myers	Program Manager	40.00		$111,846	$0	$111,846
Jeremy Wagner	President	1.00	Officer Director	$0	$0	$0
Randy Belanger	Vice President	1.00	Officer Director	$0	$0	$0
Tad Powell	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Michelle Beason	Director	1.00	Director	$0	$0	$0
Max Gowdy	Director	1.00	Director	$0	$0	$0
Brendon Doyle	Director	1.00	Director	$0	$0	$0
John Manijak	Director	1.00	Director	$0	$0	$0
Eric Haenlein	Director	1.00	Director	$0	$0	$0
Chris Mitchell	Director	1.00	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
2025	No data	No data	No data	No data
2024	$5,940,294	$6,200,933	$4,079,516	$-260,639
2023	$4,930,009	$5,100,837	$4,359,192	$-170,828
2022	$4,708,642	$3,905,190	$3,862,676	$803,452
2021	$2,314,341	$2,244,760	$2,678,240	$69,581
2020	$2,385,841	$2,497,074	$2,355,041	$-111,233
2019	$2,744,360	$2,778,686	$2,407,863	$-34,326
2018	$2,671,868	$2,687,719	$2,422,171	$-15,851