THE AMERICAN PUBLIC POWER ASSOCIAT… - 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

1940

Legal Domicile

Principal Officer

R SCOTT CORWIN

Phone

2024672900

Tax Period

2023-01-01 to 2023-12-31

THE AMERICAN PUBLIC POWER ASSOCIATION, founded in 1940, is a mid-sized nonprofit that reported $29.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $27.6M left a modest 7% surplus.

Mission

PURPOSE STATEMENT: APPA PARTNERS WITH ITS MEMBERS TO PROMOTE PUBLIC POWER, HELPING COMMUNITY-OWNED UTILITIES DELIVER SUPERIOR SERVICES THROUGH JOINT ADVOCACY, EDUCATION, AND COLLABORATION. VISION STATEMENT: SHAPING THE FUTURE OF PUBLIC POWER TO DRIVE A NEW ERA OF COMMUNITY-OWNED ELECTRIC SERVICE.

Program Service Accomplishments

Program 1

EDUCATION/TRAINING: ANNUAL CONFERENCE, SPECIALIZED WORKSHOPS, 25+ TRAINING SESSIONS ON RATE DESIGN, POLICY MAKING, UTILITY ACCOUNTING, COST SERVICES, ETC.

Program 2

MEMBER SERVICES: INFORMATION GATHERING AND ANALYSIS, ON LEGISLATIVE, REGULATORY, TECHNICAL, AND STATISTICAL ISSUES.

Program 3

TECHNICAL AND OPERATIONS SERVICES:THE TECHNICAL AND OPERATIONS SERVICES DEPARTMENT (TOSO) PROVIDES TECHNICAL ASSISTANCE TO INTERNAL PROGRAMS/DEPARTMENTS AND THE APPA MEMBERSHIP. THE DEPARTMENT STAFF REPRESENTS APPA ON CODE/STANDARD MAKING COMMITTEES AND FILES COMMENTS OR PROVIDES TESTIMONY AS NECESSARY BEFORE FEDERAL AGENCIES SUCH AS EPA, OSHA/DOL, DOE, OMB, FMCSA, EIA, NERC AND DHS/FEMA. THE TOSO IS RESPONSIBLE FOR THE APPA SAFETY MANUAL, THE RELIABLE PUBLIC POWER PROVIDER (RP3) PROGRAM, THE E-RELIABILITY TRACKER PROGRAM, THE MUTUAL AID PROGRAM, AND ASSISTS THE EDUCATION DEPARTMENT WITH PROGRAMMING FOR THE ENGINEERING & OPERATIONS CONFERENCE. THE PROGRAM HAS SEVERAL COOPERATIVE AGREEMENTS WITH THE DEPARTMENT OF ENERGY (DOE) TOTALING OVER $23.5M.DEMONSTRATION OF ENERGY & EFFICIENCY DEVELOPMENTS (DEED) PROGRAMAPPA'S DEMONSTRATION OF ENERGY & EFFICIENCY DEVELOPMENTS (DEED) PROGRAM IS THE ONLY RESEARCH AND DEMONSTRATION PROGRAM FUNDED BY AND FOR PUBLIC POWER UTILITIES. ESTABLISHED IN 1980, DEED IS DEDICATED TO IMPROVING THE OPERATIONS AND SERVICES OF PUBLIC POWER UTILITIES BY SUPPORTING AND DEMONSTRATING ITS MEMBERS' INNOVATIVE ACTIVITIES THROUGH RESEARCH, FUNDING, AND EDUCATION. DEED MEMBERS PILOT-TEST CUTTING-EDGE TECHNOLOGIES, EVALUATE NEW SERVICE OFFERINGS, CREATE NEW RESOURCES AND TOOLS, AND SHARE THE KNOWLEDGE GAINED THROUGH THE PROGRAM WITH THEIR PUBLIC POWER PEERS. DEED ALSO AWARDS SCHOLARSHIPS TO SUPPORT AND MENTOR STUDENTS INTERESTED IN ENERGY-RELATED CAREERS OR PERFORMING RESEARCH AND INTERNSHIPS WITH PUBLIC POWER UTILITIES.

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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 $3,233,931

Program Service Revenue $24,723,575

Investment Income $965,427

Other Revenue $812,999

TOTAL REVENUE $29,735,932

Expense Breakdown

Grants Paid $1,064,172

Salaries & Benefits $13,022,732

Fundraising Expenses $0

Other Expenses $13,481,816

TOTAL EXPENSES $27,568,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,735,932	$26,645,301	+0.1%
Expenses	$27,568,720	$25,629,043	+0.1%
Net Income	$2,167,212	$1,016,258	+1.1%

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

$1,691,096

Total Directors

Key Employees

$2,404,943

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY CANNON	CHAIR (THRU 6/23)	1.00	Officer Director	$0	$0	$0
DAVID OSBURN	CHAIR	1.00	Officer Director	$0	$0	$0
NICHOLAS LAWLER	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
JOHN HAARLOW	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
LAYNE BURNINGHAM	TREASURER	1.00	Officer Director	$0	$0	$0
ANTHONY CANNON	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL BEANS PE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK BRYANT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID CARROLL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRET CARROLL	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS FALCONE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES FULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
NICKI FULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD GERAK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID GESCHWIND	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON GREY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN HAND	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSEMARY HENRY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS J KENT	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD KRIEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL LAU	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LEATHERS	BOARD MEMBER	1.00	Director	$0	$0	$0
BEATRICE P LIMTIACO	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL MAHLBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON MCPHERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY D MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN MORRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSSELL OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL PETERS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY POCHARD	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH J SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN SOLSBEE	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNNE TEJEDA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WALTERS	BOARD MEMBER	1.00	Director	$0	$0	$0
DARREL WENZEL	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY ZUBALLY	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES BROOKS	BOARD MEMBER (THRU 6/23)	1.00	Director	$0	$0	$0
ELLEN BURT	BOARD MEMBER (THRU 6/23)	1.00	Director	$0	$0	$0
COLIN HANSEN	BOARD MEMBER (THRU 6/23)	1.00	Director	$0	$0	$0
JOEL LEDBETTER	BOARD MEMBER (THRU 6/23)	1.00	Director	$0	$0	$0
LAURIE MANGUM	BOARD MEMBER (THRU 6/23)	1.00	Director	$0	$0	$0
SCOTT CORWIN	CEO	40.00	Officer	$256,499	$34,565	$291,064
HARRY OLIBRIS	CFO	40.00	Officer	$367,193	$69,124	$436,317
JOY DITTO	CEO (THRU 1/2023)	40.00	Officer	$909,352	$54,363	$963,715
MICHAEL COE	VP, CYBER SECUIRTY PROG.	40.00	Key Emp	$212,274	$36,931	$249,205
JEFF HAAS	SVP, MEMBERSHIP	40.00	Key Emp	$375,541	$69,452	$444,993
ADRIENNE LOTTO	SVP, TECH & OPERATIONS	40.00	Key Emp	$319,783	$65,357	$385,140
AMY RIGNEY GAY	VP, HUMAN RESOURCES	40.00	Key Emp	$242,512	$62,712	$305,224
URSULA SCHVYER	VP, EDUCATION	40.00	Key Emp	$243,789	$57,979	$301,768
AMY THOMAS	VP, GOVERNENT RELATIONS	40.00	Key Emp	$221,879	$38,488	$260,367
DESMARIE WATERHOUSE	SVP & GENERAL COUNSEL	40.00	Key Emp	$391,147	$67,099	$458,246
RICHARD CONDELLO	DIRECTOR, CYBERSECURITY	40.00	Highest	$200,251	$48,753	$249,004
KOUROSH ADHADPOUR	SR. DIRECTOR, IT	40.00	Highest	$194,174	$37,023	$231,197
CORRY MARSHALL	SR DIRECTOR, GOVT RELATIONS	40.00	Highest	$189,772	$24,630	$214,402
JOHN GODFREY	SR DIRECTOR, GOVT RELATIONS	40.00	Highest	$184,548	$55,533	$240,081
CARLOYN SLAUGHTER	SR DIRECTOR, ENVIRONMENTAL POLICY	40.00	Highest	$203,623	$42,882	$246,505

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	$29,735,932	$27,568,720	$39,491,211	$2,167,212
2022	$26,645,301	$25,629,043	$34,351,952	$1,016,258
2021	$24,009,237	$20,723,401	$27,597,409	$3,285,836
2020	$22,948,492	$19,113,763	$24,314,354	$3,834,729
2019	$28,356,597	$24,103,686	$22,177,979	$4,252,911
2018	$24,967,228	$22,061,691	$17,433,767	$2,905,537

THE AMERICAN PUBLIC POWER ASSOCIATION