Western Dredging Association
Nonprofit profile at a glance
- EIN
- 541112342
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-PF 2020
- Location
- Falls Church, VA, USA
- Phone
- 7032314443
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Water Resource, Wetlands Conservation and Management
Reported finances
- Revenue
- $1,405,732
- Expenses
- $1,038,334
- Assets
- $894,649
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Matt Binsfeld (President / Chair)
- Carol Shobrook (Vice President / Director)
People named in this filing
- Shelly Anghera (Director)
- Todd Bridges (Director)
- Chuck Broussard (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To compile, present and publish scientific and technical papers for the advancement of the science and profession of dredging, navigation and marine engineering. To promote the exchange of scientific and technical knowledge in fields related to dredging, navigation, marine engineering and construction by sponsoring or cosponsoring national and international technical conferences, seminars, and symposiums, including publication and dissemination of the proceedings. To provide a forum for the communication of scientific and technical knowledge, through technology transfer and cooperation among associations, societies, and all organizations interested in dredging, navigation, marine engineering and construction. To publicize the importance of understanding and development of scientific and technical solutions for problems related to the protection and enhancement of the marine environment. To support educational institutions for students interested in pursuing dredging.
What it reported doing in 2024
WEDA held its annual Dredging Summit & Expo '23 in Houston, TX in July 2023. We have disseminated the conference proceedings.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 90
- Accountability: 76
- Sustainability: 70
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 26.1%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 0.86; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: -3.1% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 10.6% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 12.7% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 21 of 21 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 9 of 10 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.