WATERJET TECHNOLOGY 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

1987

Legal Domicile

Principal Officer

DR MARK S BIRENBAUM PHD

Phone

3142411445

Tax Period

2023-01-01 to 2023-12-31

WATERJET TECHNOLOGY ASSOCIATION, founded in 1987, is a small nonprofit that reported $784K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

The Waterjet Technology Association (WJTA) was created in 1983 at the 2nd U.S. Water Jet Conference, held on the campus of the University of Missouri-Rolla (now called the Missouri University of Science and Technology), by members of the waterjet industry acting in concert with university and government officials. The major impetus to the creation of the Association was to provide a means of service and communication within the industry, as epitomized by the biennial waterjet conferences.Formal objectives of the Association have been adopted as follows:1) To provide a means of cooperation between government, industry, university, and research institutions on all matters of fluid jets and industrial vacuuming, including applications in jet cutting, industrial cleaning, and other uses in the manufacturing, mining, construction, and process industries.2) To foster domestic and international trade of products and services relating to waterjet cutting, waterjet cleaning, and industrial vacu

Program Service Accomplishments

Program 1

THE ORGANIZATION PUBLISHES JOURNALS, DIRECTORIES & NEWSLETTERS TO EDUCATE ITS MEMBERS ABOUT EQUIPMNET USES, APPLICATIONS, SAFETY, JOB PERFORMANCE & TECHNICAL PROBLEMS. THE ORGANIZATION SERVES...

THE ORGANIZATION PUBLISHES JOURNALS, DIRECTORIES & NEWSLETTERS TO EDUCATE ITS MEMBERS ABOUT EQUIPMNET USES, APPLICATIONS, SAFETY, JOB PERFORMANCE & TECHNICAL PROBLEMS. THE ORGANIZATION SERVES APPROXIMATELY 900 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 (2023)

Revenue Breakdown

Contributions & Grants $155

Program Service Revenue $740,583

Investment Income $43,357

Other Revenue $0

TOTAL REVENUE $784,095

Expense Breakdown

Grants Paid $23,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $792,751

TOTAL EXPENSES $816,251

Year-over-Year Comparison

	2023	2022	Change
Revenue	$784,095	$829,810	-0.1%
Expenses	$816,251	$757,661	+0.1%
Net Income	$-32,156	$72,149	-1.4%

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

N/A

Volunteers

N/A

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
JIMMY PECK	President	4.00	Officer Director	$0	$0	$0
KERRY SIGGINS	Chairman	2.00	Officer Director	$0	$0	$0
DREW WALTENBAUGH	Treasurer	3.00	Officer Director	$0	$0	$0
JIM ASHMEAD	Secretary	3.00	Officer Director	$0	$0	$0
RICHARD BASS	Director	2.00	Director	$0	$0	$0
HANS BORGT	Director	2.00	Director	$0	$0	$0
BILL KRUPOWICZ	Director	2.00	Director	$0	$0	$0
JERRY CARTER	Director	2.00	Director	$0	$0	$0
DAVID BECKUM	Vice President	2.00	Director	$0	$0	$0
BRADLEY COBLE	Director	2.00	Director	$0	$0	$0
DEE GREEN	Director	2.00	Director	$0	$0	$0
BILL SHAW	Director	2.00	Director	$0	$0	$0
MARK S BIRENBAUM PHD	ASSOC. MANAGER	4.00	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	No data	No data	No data	No data
2023	$784,095	$816,251	$1,422,773	$-32,156
2022	$829,810	$757,661	$1,379,778	$72,149
2021	$403,896	$510,067	$1,405,917	$-106,171
2020	$341,922	$370,493	$1,298,760	$-28,571
2019	$924,982	$787,534	$1,311,275	$137,448
2018	$791,457	$720,784	$1,124,712	$70,673