American Water Works Association North Carolina Section (EIN 566045934) - Form 990 Financial Analysis & Trantor Score

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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

1921

Legal Domicile

Principal Officer

Kevin Irby

Phone

9197849030

Tax Period

2024-01-01 to 2024-12-31

American Water Works Association North Carolina Section, founded in 1921, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

Dedicated to providing water education, training and leadership to protect public health and the environment.

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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 (2024)

Revenue Breakdown

Contributions & Grants $136,541

Program Service Revenue $917,301

Investment Income $24,537

Other Revenue $10,201

TOTAL REVENUE $1,088,580

Expense Breakdown

Grants Paid $25,874

Salaries & Benefits $251,689

Fundraising Expenses $12,497

Program Expenses $761,400

Other Expenses $934,636

TOTAL EXPENSES $1,212,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,088,580	$775,727	+0.4%
Expenses	$1,212,199	$1,012,207	+0.2%
Net Income	$-123,619	$-236,480	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

300

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

$171,283

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Picarella	Executive Dir.	40.00	Officer	$63,352	$19,343	$121,003
Bryan Gossage	Executive Dir.	40.00	Officer	$28,879	$3,938	$50,280
Courtney Driver	Past-Chair	0.25	Officer Director	$0	$0	$0
Ben Kearns	Past-Chair	7.00	Officer Director	$0	$0	$0
Kevin Irby	Chair	3.00	Officer Director	$0	$0	$0
Lamya Badr	Vice Chair	1.80	Officer Director	$0	$0	$0
Terry Houk	Secretary	0.25	Officer Director	$0	$0	$0
Carolyn Ross	Chair-Elect	0.50	Officer Director	$0	$0	$0
Mike Strader	Prof WW Rep	0.25	Director	$0	$0	$0
Corey King	WEF Delegate	1.00	Director	$0	$0	$0
Tom Bach	WEF Delegate	0.25	Director	$0	$0	$0
Melinda Ward	Prof Water Rep	0.25	Director	$0	$0	$0
David Saunders	AWWA Director	0.25	Director	$0	$0	$0
Keller Schnier	Secretary	1.80	Officer Director	$0	$0	$0
Carl Wilson	Trustee	0.25	Director	$0	$0	$0
Chris White	Prof Water Rep	1.00	Director	$0	$0	$0
David Melton	Prof WW Rep	0.77	Director	$0	$0	$0
Jacob Mueller	Trustee	1.00	Director	$0	$0	$0
Gregory Jenkins	Trustee	0.50	Director	$0	$0	$0
Mike Osborne	WEF Delegate	1.00	Director	$0	$0	$0
Bill Brewer	AWWA Director	1.25	Director	$0	$0	$0
Mary Knosby	Treasurer	0.25	Officer Director	$0	$0	$0
Matt Hargett	Trustee	0.25	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	$1,088,580	$1,212,199	$1,359,172	$-123,619
2023	$775,727	$1,012,207	$917,203	$-236,480
2022	$778,869	$719,061	$977,744	$59,808
2021	$645,026	$569,529	$973,300	$75,497
2020	$446,809	$542,677	$826,428	$-95,868
2019	$856,583	$798,014	$888,350	$58,569
2018	$856,745	$805,463	$794,002	$51,282

American Water Works Association North Carolina Section