ASSOCIATION OF STATE DAM SAFETY OF… - 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

1991

Legal Domicile

Principal Officer

LORI SPRAGENS

Phone

8595502788

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION OF STATE DAM SAFETY OFFICIALS INC, founded in 1991, is a community nonprofit in the Public Safety sector that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.7M left a modest 8% surplus.

Mission

ASDSO IS A PROFESSIONAL ORGANIZATION FOCUSING ON IMPROVING DAM SAFETY PRACTICES IN THE U.S THROUGH EDUCATION, COMMUNICATION, POLICY ADVOCACY AND DATA ANALYSIS.

Program Service Accomplishments

Program 1

Expenses: $910,782 Revenue: $2,507,072

THE ASSOC WORKS TOWARD INCREASING DAM SAFETY IN THE US BY PROVIDING EDUCATIONAL TOOLS & FORUMS FOR DAM ENGINEERS & DAM OWNERS, BY COORDINATING A COMMUNICATION NETWORK WITHIN THE DAM...

THE ASSOC WORKS TOWARD INCREASING DAM SAFETY IN THE US BY PROVIDING EDUCATIONAL TOOLS & FORUMS FOR DAM ENGINEERS & DAM OWNERS, BY COORDINATING A COMMUNICATION NETWORK WITHIN THE DAM COMMUNITY,OFFERING AN INFORMATION CLEARINGHOUSE ON DAM SAFETY ADVOCATING FOR STRONG STATE AND FEDERAL POLICIES ON DAM SAFETY AND ADMINISTERING PUBLIC AWARENESS PROGRAMS. AS PART OF THE ASSOCIATION'S GOAL TO PROMOTE AND SHARE BEST PRACTICES IN DAM SAFETY, IN ORDER TO REDUCE THE RISK ASSOCIATED WITH THEIR DAM(S), THE ASSOCIATION OFFERED A NUMBER OF PEER REVIEWS TO DAM OWNERS/OPERATORS. SERVICES INCLUDED PROVIDING A TEAM OF DAM SAFETY PROGRAM EXPERTS TO THE OWNER TO REVIEW, WRITE A REPORT AND MAKE RECOMMENDATIONS TO THE OWNERS ON HOW TO IMPROVE THEIR PROGRAMS BASED ON ASSOCIATION GUIDELINES AND INDUSTRY STANDARDS. NEW SERVICES UNDER THIS PROGRAM INCLUDED THE DEVELOPMENT OF PROCEDURES FOR PERFORMING FERC-MANDATED OWNERS' DAM SAFETY PROGRAM AUDITS.

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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 $1,391,676

Program Service Revenue $2,606,841

Investment Income $-906

Other Revenue $0

TOTAL REVENUE $3,997,611

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $784,147

Fundraising Expenses $0

Program Expenses $910,782

Other Expenses $2,870,348

TOTAL EXPENSES $3,674,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,997,611	$3,599,333	+0.1%
Expenses	$3,674,495	$3,261,139	+0.1%
Net Income	$323,116	$338,194	0.0%

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

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

Total Directors

$237,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON TAPIA	PAST PRESIDENT	6.00	Officer Director	$0	$0	$0
JOHN ROCHE	TREASURER	4.00	Officer Director	$0	$0	$0
DAVID GRIFFIN	PRESIDENT-ELECT	4.00	Officer Director	$0	$0	$0
MIA KANNIK	PRESIDENT	4.00	Officer Director	$0	$0	$0
JON EGGAN	DIRECTOR	2.00	Director	$0	$0	$0
SUSHIL CHAUDHARY	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM MCKERCHER	DIRECTOR	2.00	Director	$0	$0	$0
TERRY MEDLEY	SECRETARY	4.00	Officer Director	$0	$0	$0
KENT FINEMORE	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE HASE	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM VINSON	DIRECTOR	2.00	Director	$0	$0	$0
BEN WAGNER	DIRECTOR	2.00	Director	$0	$0	$0
LORI C SPRAGENS	EXECUTIVE DIRECTOR	40.00	Director	$213,048	$24,677	$237,725
JANICE SHUTE	DIRECTOR	2.00	Director	$0	$0	$0
KEITH CONRAD	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER WILLIAMS	ADVISORY COMMITTEE CHAIR	2.00	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	$3,997,611	$3,674,495	$3,734,958	$323,116
2024	$3,599,333	$3,261,139	$3,321,708	$338,194
2023	$2,987,950	$3,179,786	$2,916,650	$-191,836
2022	$3,233,595	$3,212,893	$3,255,214	$20,702
2021	$2,325,365	$1,889,924	$3,317,113	$435,441
2020	$2,582,557	$2,466,498	$2,441,473	$116,059
2019	$2,844,598	$2,838,614	$2,362,614	$5,984

ASSOCIATION OF STATE DAM SAFETY OFFICIALS INC