TENNESSEE ASSOCIATION OF UTILITY D… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

NICK NEWMAN

Phone

6158969022

Tax Period

2024-07-01 to 2025-06-30

TENNESSEE ASSOCIATION OF UTILITY DISTRICTS, founded in 1978, is a community nonprofit in the Community Improvement sector that reported $5.4M in total revenue in fiscal year 2024. Expenses of $5.0M left a modest 8% surplus.

Mission

THE MISSION OF THE TENNESSEE ASSOCIATION OF UTILITY DISTRICTS IS TO PROVIDE THE HIGHEST QUALITY TECHNICAL, LEGAL, AND OPERATION SUPPORT TO ITS MEMBERS IN DELIVERING SAFE AND EFFICIENT SERVICES IN THE PUBLIC INTEREST.

Program Service Accomplishments

Program 1

Expenses: $1,387,124 Revenue: $0

MEMBER SERVICES INCLUDE THOSE SERVICES USED TO PROMOTE MEMBERSHIP.

Program 2

Expenses: $336,729 Revenue: $0

THE TRAINING AND TECHNICAL ASSISTANCE PROVIDES ASSISTANCE TO RURAL WATER SYSTEMS.

Program 3

Expenses: $791,525 Revenue: $0

THE WATER AND WASTEWATER CIRCUIT RIDERS PROVIDE ONSITE TECHNICAL ASSISTANCE TO RURAL WATER AND SEWER SYSTEMS THROUGHOUT TENNESSEE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,640,718

Program Service Revenue $3,583,406

Investment Income $77,354

Other Revenue $80,578

TOTAL REVENUE $5,382,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,409,044

Fundraising Expenses $0

Program Expenses $3,833,691

Other Expenses $1,542,458

TOTAL EXPENSES $4,951,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,382,056	$5,376,542	+0.0%
Expenses	$4,951,502	$4,923,671	+0.0%
Net Income	$430,554	$452,871	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

$308,492

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK NEWMAN	EXECUTIVE DIRECTOR	40	Key Emp Highest	$207,208	$0	$207,208
JOHN HAM	UTILITY MANAGEMENT CONSULTANT	40	Highest	$172,010	$0	$172,010
PENNY FUNK	OFFICE DIRECTOR	40	Highest	$128,114	$0	$128,114
BRENT OGLES	EDUCATION DIRECTOR	40	Highest	$123,444	$0	$123,444
DONALD SCHOLES	ATTORNEY	40	Key Emp Highest	$101,284	$0	$101,284
BRUCE GILES	PRESIDENT	2	Officer Director	$0	$0	$0
PHILLIP COMBS	VICE PRESIDENT	2	Officer Director	$0	$0	$0
ALLEN JOSLYN	SECRETARY	2	Officer Director	$0	$0	$0
CARTER WOODRUFF	TREASURER	2	Officer Director	$0	$0	$0
MICHAEL JOHNSON	DIRECTOR	1	Director	$0	$0	$0
ANTHONY PELHAM	DIRECTOR	1	Director	$0	$0	$0
JAY MULLIN	DIRECTOR	1	Director	$0	$0	$0
CANDACE VANNASDALE	DIRECTOR	1	Director	$0	$0	$0
FREDDIE WESTON JR	DIRECTOR	1	Director	$0	$0	$0
CODY LOVETT	DIRECTOR	1	Director	$0	$0	$0
ALLYSON HORNER	DIRECTOR	1	Director	$0	$0	$0
LAURA WHITE	DIRECTOR	1	Director	$0	$0	$0
SCOTT MILLER	DIRECTOR	1	Director	$0	$0	$0
MICAH WESTERMAN	ASSOCIATE REPRESENTATIVE	1	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	$5,382,056	$4,951,502	$5,108,497	$430,554
2024	$5,376,542	$4,923,671	$4,986,507	$452,871
2023	$5,510,343	$5,215,897	$4,312,147	$294,446
2022	$4,673,368	$4,543,954	$3,407,323	$129,414
2021	$3,948,138	$3,584,589	$3,115,865	$363,549
2020	$3,324,810	$3,363,526	$2,710,477	$-38,716
2019	$3,268,816	$3,419,771	$2,725,456	$-150,955

TENNESSEE ASSOCIATION OF UTILITY DISTRICTS