Illinois Association of Wastewater Agencies (EIN 371254431) - Form 990 Financial Analysis & Trantor Score

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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

1924

Legal Domicile

Principal Officer

Kevin Burke III

Phone

2175231814

Tax Period

2023-09-01 to 2024-08-31

Illinois Association of Wastewater Agencies, founded in 1924, is a small nonprofit that reported $284K in total revenue in fiscal year 2023. Expenses of $258K left a modest 9% surplus.

Mission

To educate members on proper wastewater treatments and to educate and update on state and federal rules and regulations.

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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 $207,785

Program Service Revenue $56,563

Investment Income $18,857

Other Revenue $500

TOTAL REVENUE $283,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $258,396

TOTAL EXPENSES $258,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$283,705	$274,387	+0.0%
Expenses	$258,396	$265,647	0.0%
Net Income	$25,309	$8,740	+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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marshall Schrader	President	5.00	Officer Director	$0	$0	$0
Karen Clementi	Vice President - Administr	5.00	Officer Director	$0	$0	$0
Albert Cox	Vice President - Technical	5.00	Officer Director	$0	$0	$0
Amy Underwood	Member-at-large	5.00	Officer Director	$0	$0	$0
Cyrus McMains	Member-at-large	5.00	Officer Director	$0	$0	$0
Brad Bennett	Member-at-large	5.00	Officer Director	$0	$0	$0
Tim Leach	Member-at-large	5.00	Officer Director	$0	$0	$0
Steve Waters	Association Treasurer	5.00	Officer	$0	$0	$0
Kevin Burke III	Executive Director	40.00	Officer	$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	$283,705	$258,396	$374,257	$25,309
2023	$274,387	$265,647	$329,239	$8,740
2022	$226,646	$226,571	$331,253	$75
2021	$219,863	$223,015	$315,464	$-3,152
2020	$266,182	$279,554	$317,327	$-13,372

Illinois Association of Wastewater Agencies