ASSOCIATION OF WATER TECHNOLOGIES

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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

1985

Legal Domicile

Principal Officer

MICHELLE LUNN

Phone

3017401421

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION OF WATER TECHNOLOGIES, founded in 1985, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE VIABILITY, GROWTH AND DEVELOPMENT OF OUR MEMBERS BY BEING THE PREMIER WATER TECHNOLOGY AND BUSINESS RESOURCE IN THE INDUSTRY.

Program Service Accomplishments

Program 1

ANNUAL CONVENTION & EXPOSITION - THE GOAL OF THE ANNUAL CONVENTION & EXPOSITION IS: THE CONVENTION WILL BE A FINANCIALLY SUCCESSFUL FORUM WHERE (A) NETWORKING AMONG MEMBERS AND BETWEEN VENDORS OCCURS AND (B) THE BEST AND HIGHLY RELEVANT TECHNICAL PAPERS ARE PRESENTED. THE 2023 ANNUAL MEETING WAS HELD IN WHICH OVER 30 TECHNICAL AND BUSINESS SESSIONS WERE HELD. THE ANNUAL MEETING PROVIDES FIRST CLASS NETWORKING OPPORTUNITIES, DISCUSSIONS, SESSIONS ON THE LATEST TECHNOLOGIES AND OPPORTUNITIES TO MEET WITH SUPPLIERS AND OTHER EXPERTS IN THE INDUSTRY. OVER 800 INDIVIDUALS ATTEND THE ANNUAL CONVENTION. AT THE 2023 CONVENTION, ATTENDEES LEARNED ABOUT BIOCIDES, COOLING WATER, LEGIONELLNA AND WASTEWATER. AWT RECOGNIZES EXCELLENCE IN THE INDUSTRY THROUGH OUR RAY BAUM MEMORIAL AWARD AND THE SUPPLIER OF THE YEAR AWARD.

Program 2

COMMUNICATIONS - THE GOALS OF THE ANALYST PUBLICATION AND AWT COMMUNICATIONS ARE: THE ANALYST IS THE MAGAZINE IN THE WATER TREATMENT INDUSTRY THAT EVERYONE READS AS THE VOICE FOR ALL WATER TREATMENT. THE ANALYST AND OTHER AWT COMMUNICATIONS PROVIDE READERS A WEALTH OF TECHNICAL KNOWLEDGE AND FEATURES ARTICLES FROM THE INDUSTRY'S LEADING EXPERTS. THE ANALYST IS DISTRIBUTED FOUR TIMES PER YEAR. AWT ALSO COMMUNICATES WITH MEMBERS AT LEAST ON A MONTHLY BASIS THROUGH E-COMMUNICATIONS AND OUR GRAM E-BLASTS ON A VARIETY OF WATER TREATEMENT TOPICS.

Program 3

EDUCATION/TECHNICAL TRAINING SEMINARS - THE GOAL OF THE AWT TECHNICAL TRAINING SEMINARS IS: AWT WILL BE VIEWED AS THE PREMIER SOURCE FOR TRAINING AND THE STANDARD FOR EDUCATION IN THE INDUSTRY. AWT LEADS THE INDUSTRY AS THE BEST SOURCE FOR TECHNICAL TRAINING AND CERTIFICATION. TWO TECHNICAL TRAINING MEETINGS WERE HELD IN 2023 (EAST/WEST COAST LOCATIONS). THE TOTAL NUMBER OF ATTENDEES WAS APPROXIMATELY 150 INDIVIDUALS. THERE WERE 14 EDUCATIONAL SESSIONS AT EACH SEMINAR.

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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 $0

Program Service Revenue $2,016,201

Investment Income $35,875

Other Revenue $167,253

TOTAL REVENUE $2,219,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,168,884

TOTAL EXPENSES $2,168,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,219,329	$1,754,108	+0.3%
Expenses	$2,168,884	$2,048,470	+0.1%
Net Income	$50,445	$-294,362	-1.2%

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

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
NOAH BASKIN	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOHN CALORITIS	PRESIDENT-ELECT	4.00	Officer Director	$0	$0	$0
KYLE ROSSI	SECRETARY	4.00	Officer Director	$0	$0	$0
CRAIG BODENMILLER	TREASURER	2.00	Officer Director	$0	$0	$0
STEPHEN HALLIER	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
MATTHEW COFFINDAFFER	EXECUTIVE DIRECTOR	20.00	Officer Director	$0	$0	$0
TAMMY FABER	DIRECTOR	2.00	Director	$0	$0	$0
DERRICK VANDENBERG	DIRECTOR	2.00	Director	$0	$0	$0
GREG GEHRKE	DIRECTOR	2.00	Director	$0	$0	$0
PAM SIMMONS	SUPPLIER REPRESENTATIVE	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
2024	No data	No data	No data	No data
2023	$2,219,329	$2,168,884	$1,583,600	$50,445
2022	$1,754,108	$2,048,470	$1,620,347	$-294,362
2021	$1,676,661	$1,774,418	$1,749,773	$-97,757
2020	$1,284,747	$1,371,407	$1,852,208	$-86,660
2019	$2,007,918	$2,150,783	$1,970,201	$-142,865
2018	$2,011,860	$1,987,055	$2,135,631	$24,805