AZ WATER ASSOCIATION

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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

Phone

4809874888

Tax Period

2024-01-01 to 2024-12-31

AZ WATER ASSOCIATION, founded in 1928, is a community nonprofit in the Environment sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $394K, a strong 21% operating margin.

Mission

ADVOCATE FOR ARIZONAS WATER THROUGH BOLD LEADERSHIP, CONNECTING PROFESSIONALS, PROVIDING EDUCATION, AND INSPIRING ENVIRONMENTAL STEWARDSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,241,673 Revenue: $1,602,993

PROVIDED TRAINING EDUCATION TO 2,200 MEMBERS IN THE WATER INDUSTRY AS WELL AS OTHER INTERESTED INDIVIDUALS. HOSTED A VIRTUAL ANNUAL CONFERENCE, PRODUCED QUARTERLY PUBLICATIONS 4 ANNUAL AND MAINTAINED A WEBSITE. PROVIDED GRANTS AS SCHOLARSHIPS FOR STUDENTS IN THE WATER INDUSTRY, FUNDING FOR INDUSTRY RESEARCH, AND FUNDING FOR WATER AND SANITATION PROJECTS IN THE DEVELOPING WORLD.

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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 $180,538

Program Service Revenue $1,598,593

Investment Income $50,674

Other Revenue $31,849

TOTAL REVENUE $1,861,654

Expense Breakdown

Grants Paid $12,071

Salaries & Benefits $91,390

Fundraising Expenses $22,686

Program Expenses $1,241,673

Other Expenses $1,363,842

TOTAL EXPENSES $1,467,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,861,654	$1,499,135	+0.2%
Expenses	$1,467,303	$1,301,616	+0.1%
Net Income	$394,351	$197,519	+1.0%

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

N/A

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

$91,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE DURKIN-BIGHORN	EXECUTIVE DIRECTOR	040.00	Officer	$91,390	$0	$91,390
ALAN FOREST	PRES FROM 05/01/24/PRES ELECT UNTIL 04/30/24	002.00	Officer Director	$0	$0	$0
ART NUNEZ	PRES ELECT FROM 05/01/24	002.00	Officer Director	$0	$0	$0
JASON JOYNES	VICE-PRES FROM 05/01/24	002.00	Officer Director	$0	$0	$0
MIKE CARUSO	SECRETARY	002.00	Officer Director	$0	$0	$0
PATRICK GOODFELLOW	TREASURER	002.00	Officer Director	$0	$0	$0
JEANNE JENSEN	PAST PRES FROM 05/01/24/PRES UNTIL 04/30/24	002.00	Officer Director	$0	$0	$0
ADAM GORDON	TRUSTEE FROM 05/01/24	002.00	Director	$0	$0	$0
AMY BAKER	WEF DELEGATE	002.00	Director	$0	$0	$0
CHELSEY MCCLUSKEY	TRUSTEE FROM 05/01/24	002.00	Director	$0	$0	$0
CLAYTON FREED	TRUSTEE	002.00	Director	$0	$0	$0
DARLENE HELM	TRUSTEE	002.00	Director	$0	$0	$0
KARLA CAMOU-GUERRA	TRUSTEE FROM 05/01/24	002.00	Director	$0	$0	$0
LISA SNYDERS	TRUSTEE	002.00	Director	$0	$0	$0
NASHITA NAUREEN	TRUSTEE	002.00	Director	$0	$0	$0
NATHAN ANTONNEAU	TRUSTEE FROM 05/01/24	002.00	Director	$0	$0	$0
WALLACE WILSON	TRUSTEE FROM 05/01/24	002.00	Director	$0	$0	$0
MIKE WORLTON	PAST PRES. UNTIL 04/30/24	002.00	Officer Director	$0	$0	$0
ANUPA JAIN	TRUSTEE UNTIL 04/30/24	002.00	Director	$0	$0	$0
CRAIG CAGGIANO	TRUSTEE UNTIL 04/30/24	002.00	Director	$0	$0	$0
JOHN KMIEC	TRUSTEE UNTIL 04/30/24	002.00	Director	$0	$0	$0
LISA MELTON	TRUSTEE UNTIL 04/30/24	002.00	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	$1,861,654	$1,467,303	$1,946,616	$394,351
2023	$1,499,135	$1,301,616	$1,570,352	$197,519
2022	$1,273,954	$1,049,550	$1,267,951	$224,404
2021	$563,289	$403,356	$1,235,458	$159,933
2020	$271,610	$395,292	$1,194,823	$-123,682
2019	$1,339,814	$1,122,433	$1,032,956	$217,381
2018	$1,228,894	$1,116,967	$838,553	$111,927
2017	$962,837	$990,956	$710,214	$-28,119