Produced Water Society Inc

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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

1999

Legal Domicile

Principal Officer

Joseph deAlmeida

Phone

5127168536

Tax Period

2025-01-01 to 2025-12-31

Produced Water Society Inc, founded in 1999, is a small nonprofit in the Environment sector that reported $858K in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $985K exceeded revenue, resulting in a 15% operating deficit.

Mission

The Produced Water Society is a collection of engineers, scientists, and industry professionals with the common mission to study and improve the management of produced water from offshore and onshore wells.

Program Service Accomplishments

Program 1

Expenses: $706,929 Revenue: $805,972

Annual and regional seminars presenting papers on environmental, engineering, and chemical updates with roundtable discussions. Website maintained and improved to serve as an information resouce.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,120

Program Service Revenue $805,972

Investment Income $0

Other Revenue $49,221

TOTAL REVENUE $858,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $706,929

Other Expenses $985,329

TOTAL EXPENSES $985,329

Year-over-Year Comparison

	2025	2024	Change
Revenue	$858,313	$760,574	+0.1%
Expenses	$985,329	$557,530	+0.8%
Net Income	$-127,016	$203,044	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rajendra Ghimire	Vice President	0.60	Officer Director	$0	$0	$0
Steve Coffee	President	0.60	Officer Director	$0	$0	$0
Joe deAlmeida	Treasurer	0.60	Officer Director	$0	$0	$0
Michael Grossman	Secretary	0.60	Officer 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	$858,313	$985,329	$132,004	$-127,016
2024	$760,574	$557,530	$326,206	$203,044
2023	$469,940	$501,721	$56,914	$-31,781
2022	$354,231	$352,488	$37,191	$1,743
2021	$114,493	$192,386	$1,039	$-77,893
2020	$206,965	$213,671	$119,669	$-6,706
2019	$392,048	$373,252	$115,098	$18,796
2018	$409,290	$435,717	$52,510	$-26,427