National Association of Water Comp… - Form 990 Financial Data

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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

1895

Legal Domicile

Principal Officer

ROBERT POWELSON

Phone

2676917765

Tax Period

2023-01-01 to 2023-12-31

National Association of Water Companies - Group Return, founded in 1895, is a small nonprofit that reported $653K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

THE NINE REGIONAL CHAPTERS OF THE NATIONAL ASSOCIATION OF WATER COMPANIES (NAWC) LOCATED THROUGHOUT THE COUNTRY BRING NAWC'S NATIONAL MISSION TO THE LOCAL LEVEL AND KEEP MOVING WATER FORWARD THROUGH COMMUNITY OUTREACH, PUBLIC AFFAIRS AND ADVOCACY EFFORTS. THE CHAPTERS INITIATE PROJECTS OF INTEREST TO INVESTOR OWNED WATER COMPANIES AND THEIR CUSTOMERS. THE CHAPTER MEMBER COMPANIES BENEFIT FROM THE EXCHANGE OF INFORMATION REGARDING COMMON INTERESTS AND PROBLEMS.

Program Service Accomplishments

Program 1

MEETINGS AND SEMINARS PROVIDED FOR THE EXCHANGE OF INFORMATION AND INDUSTRY UPDATES AMONG CHAPTER MEMBERS WHICH BENEFIT THEIR MEMBER COMPANIES.

Program 2

LEGISLATIVE SERVICES PROVIDE INFORMATION ON STATE LEGISLATION AND DISTRIBUTE UPDATES TO CHAPTER MEMBERS.

Program 3

REGULATORY SERVICES MONITOR NEW REGULATIONS ON STATE LEGISLATION AND INFORM MEMBERS IN DIFFERENT CHAPTERS.

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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 $652,886

Investment Income $42

Other Revenue $0

TOTAL REVENUE $652,928

Expense Breakdown

Grants Paid $66,200

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $633,595

TOTAL EXPENSES $699,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$652,928	$500,188	+0.3%
Expenses	$699,795	$398,908	+0.8%
Net Income	$-46,867	$101,280	-1.5%

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

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
larry finnicum	Chair - delaware Chapter	1.0	Officer Director	$0	$0	$0
John Thaeder	Vice Chair - Delaware Chap	1.0	Officer Director	$0	$0	$0
Kelly Sahorchak	secretary - Delaware Chapt	1.0	Officer Director	$0	$0	$0
Kirsten Higgins	treasurer - Delaware Chapt	1.0	Officer Director	$0	$0	$0
Jim Bilotta	CHAIR - ILLINOIS CHAPTER	1.0	Officer Director	$0	$0	$0
Sean Flynn	SECRETARY - ILLINOIS CHAPT	1.0	Officer Director	$0	$0	$0
Matt Prine	VICE CHAIR - INDIANA CHAPT	1.0	Officer Director	$0	$0	$0
jeff willman	Vice Chair - Indiana Chapt	1.0	Officer Director	$0	$0	$0
Bill Reedy	Treasurer - Indiana Chapte	1.0	Officer Director	$0	$0	$0
Jay L Kooper Esq	President - New Jersey Cha	1.0	Officer Director	$0	$0	$0
gary Prettyman	Treasurer - New Jersey Cha	1.0	Officer Director	$0	$0	$0
Christine Soares	Secretary - New Jersey Cha	1.0	Officer Director	$0	$0	$0
Deb Kirven	Co-Chair - New England Ch	1.0	Officer Director	$0	$0	$0
Mary Hiney	Co-Chair - New England Ch	1.0	Officer Director	$0	$0	$0
Sheryl Fairchild	Treasurer - New England Ch	1.0	Officer Director	$0	$0	$0
tim michaelson	chair - New York Chapt	1.0	Officer Director	$0	$0	$0
JT Hand	President - Pennsylvania C	1.0	Officer Director	$0	$0	$0
Matt Poff	Treasurer - Pennsylvania C	1.0	Officer Director	$0	$0	$0
Don Denton	Chair - Southeast Chapter	1.0	Officer Director	$0	$0	$0
shannon becker	vice chair - southeast Cha	1.0	Officer Director	$0	$0	$0
Sonal Modi	Treasurer - Southeast chap	1.0	Officer 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
2024	No data	No data	No data	No data
2023	$652,928	$699,795	$796,208	$-46,867
2022	$500,188	$398,908	$843,075	$101,280
2021	$306,274	$270,158	$741,795	$36,116
2020	$80,928	$173,097	$645,897	$-92,169
2019	$169,279	$135,125	$738,010	$34,154
2018	$156,022	$125,418	$700,591	$30,604

National Association of Water Companies - Group Return