NORTH CAROLINA WATERWORKS OPERATORS ASSOCIATION

EIN: 562232268 501(c)(3) Environment

HIGH POINT, NC

Total Revenue
$400,715
Total Expenses
$362,480
Total Assets
$998,022
Net Assets
$981,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
NC
Principal Officer
CHAD FLANNAGAN
Phone
2527642094
Tax Period
2024-07-01 to 2025-06-30

NORTH CAROLINA WATERWORKS OPERATORS ASSOCIATION, founded in 1939, is a small nonprofit in the Environment sector that reported $401K in total revenue in fiscal year 2024. Expenses of $362K left a modest 10% surplus.

Mission

TO PROVIDE KNOWLEDGE, SKILLS, AND EDUCATIONAL OPPORTUNITIES FOR DRINKING WATER PROFESSIONALS, DEVELOP WORKING RELATIONSHIPS WITH OTHER WATER TREATMENT ORGANIZATIONS, AND PROJECT A POSITIVE IMAGE AND COMMUNICATE THE IMPORTANCE OF SAFE DRINKING WATER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $101,670
Program Service Revenue $264,908
Investment Income $34,137
Other Revenue $0
TOTAL REVENUE $400,715

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $242,360
Other Expenses $362,480
TOTAL EXPENSES $362,480

Year-over-Year Comparison

2024 2023 Change
Revenue $400,715 $420,060 0.0%
Expenses $362,480 $349,668 +0.0%
Net Income $38,235 $70,392 -0.5%
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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Governance

Voting Members
14
Independent Members
14
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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD FLANNAGAN PRESIDENT 0.50
Officer Director
$0 $0 $0
JASON GREEN VICE-PRESIDE 0.50
Officer Director
$0 $0 $0
MICHELLE CLEMENTS SECRETARY 0.50
Officer Director
$0 $0 $0
DEL COFFMAN TREASURER 0.50
Officer Director
$0 $0 $0
STEVE POPE PAST PRESIDE 0.50
Officer Director
$0 $0 $0
JULIUS PATRICK CHAIR-BOARD 0.50
Director
$0 $0 $0
ALLEN DANIELS COCHAIR PUBL 0.50
Director
$0 $0 $0
DAIL BOOTH COCHAIR PUBL 0.50
Director
$0 $0 $0
WAYNE EAGAN CHAIR NOMINA 0.50
Director
$0 $0 $0
BRENDAN KELLEY CHAIR WESTER 0.50
Director
$0 $0 $0
CHRISTY LIPSCOMB CHAIR NORTH 0.50
Director
$0 $0 $0
ALEX ANDERSON CHAIR SOUTH 0.50
Director
$0 $0 $0
COURTNEY BARNES CHAIR SOUTHE 0.50
Director
$0 $0 $0
RYAN GREGORY CHAIR NORTHE 0.50
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 $400,715 $362,480 $998,022 $38,235
2024 $674,651 $349,668 $1,169,818 $324,983
2023 $301,708 $267,009 $1,053,170 $34,699
2022 $287,863 $221,340 $986,214 $66,523
2021 $261,757 $153,449 $985,856 $108,308
2020 $239,570 $247,254 $814,443 $-7,684
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