IOWA ASSOCIATION OF WATER AGENCIES

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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

1996

Legal Domicile

Principal Officer

JOHN DUNN

Phone

5152395150

Tax Period

2023-07-01 to 2024-06-30

IOWA ASSOCIATION OF WATER AGENCIES, founded in 1996, is a micro nonprofit that reported $69K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $60K left a modest 12% surplus.

Mission

EDUCATION AND ADVOCACY

Program Service Accomplishments

Program 1

Expenses: $19,560 Revenue: $68,548

SEEK OUT COST-EFFECTIVE WATER TREATMENT AND DISTRIBUTION STRATEGIES

Program 2

MONITOR AND REPRESENT WATER SYSTEM ISSUES IN LEGISLATIVE REGULATORY AND TECHNICAL AREAS

Program 3

EDUCATE THE GENERAL PUBLIC ON WATER TREATMENT AND WATER CONSERVATION INCLUDING PROMOTING CONSUMER CONFIDENCE IN WATER SUPPLIES

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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 $0

Program Service Revenue $66,424

Investment Income $2,124

Other Revenue $0

TOTAL REVENUE $68,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,560

Other Expenses $60,335

TOTAL EXPENSES $60,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,548	$92,601	-0.3%
Expenses	$60,335	$88,072	-0.3%
Net Income	$8,213	$4,529	+0.8%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
MARTY BRASTER	PRESIDENT	Director	$0	$0	$0
DALE ACHESON	PAST PRESIDENT	Director	$0	$0	$0
CHAD COON	SECOND TRUSTEE	Director	$0	$0	$0
JOHN DUNN	SECRETARY-TREAS	Director	$0	$0	$0
MATT MAHLER	FIRST TRUSTEE	Director	$0	$0	$0
SHELLI LOVELL	VP - ADMIN	Director	$0	$0	$0
TODD STEIGERWALDT	VP - TECHNICAL	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	$68,548	$60,335	$218,126	$8,213
2023	$92,601	$88,072	$209,912	$4,529
2022	$98,498	$43,837	$205,383	$54,661
2021	$68,838	$48,029	$150,722	$20,809
2020	$74,904	$37,408	$129,913	$37,496
2019	$62,511	$70,966	$92,417	$-8,455