North Carolina Water Environment Association Inc (EIN 581454018) - 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

1928

Legal Domicile

Principal Officer

Kevin Irby

Phone

9197849030

Tax Period

2023-01-01 to 2023-12-31

North Carolina Water Environment Association Inc, founded in 1928, is a small nonprofit in the Environment sector that reported $908K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 19% 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 (2023)

Revenue Breakdown

Contributions & Grants $97,095

Program Service Revenue $796,863

Investment Income $14,863

Other Revenue $-826

TOTAL REVENUE $907,995

Expense Breakdown

Grants Paid $7,750

Salaries & Benefits $241,132

Fundraising Expenses $12,159

Program Expenses $842,372

Other Expenses $827,528

TOTAL EXPENSES $1,076,410

Year-over-Year Comparison

	2023	2022	Change
Revenue	$907,995	$631,218	+0.4%
Expenses	$1,076,410	$701,129	+0.5%
Net Income	$-168,415	$-69,911	+1.4%

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

$154,297

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryan Gossage	Executive Dir.	40.00	Officer	$72,245	$9,807	$154,297
Courtney Driver	Chair	2.88	Officer Director	$0	$0	$0
Ben Kearns	Chair-Elect	5.00	Officer Director	$0	$0	$0
Terry Houk	Secretary	0.77	Officer Director	$0	$0	$0
Carolyn Ross	Treasurer	0.48	Officer Director	$0	$0	$0
Lamya King	Trustee	0.77	Officer Director	$0	$0	$0
Kevin Irby	Vice Chair	0.67	Officer Director	$0	$0	$0
Brian Tripp	Past-Chair	3.80	Officer Director	$0	$0	$0
Tom Bach	WEF Delegate	1.15	Director	$0	$0	$0
Corey King	WEF Delegate	0.77	Director	$0	$0	$0
Ken Vogt	WEF Delegate	1.50	Director	$0	$0	$0
David Saunders	AWWA Director	1.54	Director	$0	$0	$0
Keller Schnier	Trustee	0.92	Director	$0	$0	$0
Carl Wilson	Trustee	0.96	Director	$0	$0	$0
David Melton	Prof WW Rep	0.77	Director	$0	$0	$0
Jacob Mueller	Trustee	0.58	Director	$0	$0	$0
Gregory Jenkins	Trustee	0.48	Director	$0	$0	$0
Mike Osbourne	WEF-Deleg Elect	0.20	Director	$0	$0	$0
Bill Brewer	AWWA Dir Elect	4.00	Director	$0	$0	$0
Chris White	Prof Water Rep	0.92	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	$907,995	$1,076,410	$499,388	$-168,415
2022	$631,218	$701,129	$812,805	$-69,911
2021	$552,219	$559,718	$779,629	$-7,499
2020	$362,959	$513,363	$682,789	$-150,404
2019	$803,003	$809,302	$845,911	$-6,299
2018	$745,060	$770,024	$778,945	$-24,964

North Carolina Water Environment Association Inc