Civic Intelligence

Hydraulic Institute Inc

EIN 22-3525903 • 501(c)6 • Parsippany, NJ

Profile

Form 990 - part iii page 2 no. 1 to be a global authority on pumps and pumping systems. To be a value adding resource to member companies and pump users worldwide by developing industry standards, education and providing a forum for the exchange of industry information.

300 Interpace Parkway Bld AParsippany, NJ 07054

www.pumps.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.38x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.67x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

60th percentile

7.7%

Higher net margin than 60% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$476,983

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 12.7% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

70th percentile

10%

Faster asset growth than 70% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

7.2%

Faster revenue growth than 55% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,583,083

Up $623,933 (+10%) from 2023

Liabilities

Up

$2,515,641

Up $332,471 (+15%) from 2023

Net Assets

Up

$4,067,442

Up $291,462 (+7.7%) from 2023

Revenue

Up

$3,765,828

Up $252,419 (+7.2%) from 2023

Expenses

Up

$3,476,522

Up $233,394 (+7.2%) from 2023

Net Income

Up

$289,306

Up $19,025 (+7.0%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,275,258Liabilities 2010: $1,122,407Net Assets 2010: $2,152,8512010Assets 2011: $3,471,556Liabilities 2011: $1,305,290Net Assets 2011: $2,166,2662011Assets 2012: $3,814,651Liabilities 2012: $1,389,892Net Assets 2012: $2,424,7592012Assets 2013: $3,919,311Liabilities 2013: $1,411,609Net Assets 2013: $2,507,7022013Assets 2014: $4,030,571Liabilities 2014: $1,533,711Net Assets 2014: $2,496,8602014Assets 2015: $3,895,868Liabilities 2015: $1,459,753Net Assets 2015: $2,436,1152015Assets 2016: $4,141,574Liabilities 2016: $1,643,573Net Assets 2016: $2,498,0012016Assets 2017: $4,307,867Liabilities 2017: $1,574,318Net Assets 2017: $2,733,5492017Assets 2018: $4,605,019Liabilities 2018: $1,680,052Net Assets 2018: $2,924,9672018Assets 2019: $5,269,551Liabilities 2019: $1,835,487Net Assets 2019: $3,434,0642019Assets 2020: $5,540,699Liabilities 2020: $1,751,197Net Assets 2020: $3,789,5022020Assets 2021: $5,955,075Liabilities 2021: $1,977,721Net Assets 2021: $3,977,3542021Assets 2022: $5,778,517Liabilities 2022: $2,272,818Net Assets 2022: $3,505,6992022Assets 2023: $5,959,150Liabilities 2023: $2,183,170Net Assets 2023: $3,775,9802023Assets 2024: $6,583,083Liabilities 2024: $2,515,641Net Assets 2024: $4,067,4422024

Highlighted filing

2024

Assets$6,583,083
Liabilities$2,515,641
Net Assets$4,067,442

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2010: $1,980,878Expenses 2010: $1,888,626Net Income 2010: $92,2522010Revenue 2011: $2,150,258Expenses 2011: $2,053,224Net Income 2011: $97,0342011Revenue 2012: $2,431,315Expenses 2012: $2,269,527Net Income 2012: $161,7882012Revenue 2013: $2,673,066Expenses 2013: $2,630,957Net Income 2013: $42,1092013Revenue 2014: $2,868,714Expenses 2014: $2,866,106Net Income 2014: $2,6082014Revenue 2015: $2,996,263Expenses 2015: $2,987,124Net Income 2015: $9,1392015Revenue 2016: $2,640,869Expenses 2016: $2,650,421Net Income 2016: -$9,5522016Revenue 2017: $3,029,057Expenses 2017: $2,879,084Net Income 2017: $149,9732017Revenue 2018: $2,760,160Expenses 2018: $2,568,742Net Income 2018: $191,4182018Revenue 2019: $3,187,038Expenses 2019: $2,691,941Net Income 2019: $495,0972019Revenue 2020: $2,889,367Expenses 2020: $2,533,929Net Income 2020: $355,4382020Revenue 2021: $2,798,484Expenses 2021: $2,610,632Net Income 2021: $187,8522021Revenue 2022: $2,654,517Expenses 2022: $3,126,172Net Income 2022: -$471,6552022Revenue 2023: $3,513,409Expenses 2023: $3,243,128Net Income 2023: $270,2812023Revenue 2024: $3,765,828Expenses 2024: $3,476,522Net Income 2024: $289,3062024

Highlighted filing

2024

Revenue$3,765,828
Expenses$3,476,522
Net Income$289,306

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$2.52$4.07$3.77$3.48$0.29
2023Detailed filing. Detailed filing data is available for this year.$5.96$2.18$3.78$3.51$3.24$0.27
2022Detailed filing. Detailed filing data is available for this year.$5.78$2.27$3.51$2.65$3.13$0.47
2021Detailed filing. Detailed filing data is available for this year.$5.96$1.98$3.98$2.80$2.61$0.19
2020Detailed filing. Detailed filing data is available for this year.$5.54$1.75$3.79$2.89$2.53$0.36
2019Detailed filing. Detailed filing data is available for this year.$5.27$1.84$3.43$3.19$2.69$0.50
2018Detailed filing. Detailed filing data is available for this year.$4.61$1.68$2.92$2.76$2.57$0.19
2017Detailed filing. Detailed filing data is available for this year.$4.31$1.57$2.73$3.03$2.88$0.15
2016Summary only. Only limited summary data is available for this year.$4.14$1.64$2.50$2.64$2.65$0.01
2015Summary only. Only limited summary data is available for this year.$3.90$1.46$2.44$3.00$2.99$0.01
2014Summary only. Only limited summary data is available for this year.$4.03$1.53$2.50$2.87$2.87$0.00
2013Summary only. Only limited summary data is available for this year.$3.92$1.41$2.51$2.67$2.63$0.04
2012Summary only. Only limited summary data is available for this year.$3.81$1.39$2.42$2.43$2.27$0.16
2011Summary only. Only limited summary data is available for this year.$3.47$1.31$2.17$2.15$2.05$0.10
2010Summary only. Only limited summary data is available for this year.$3.28$1.12$2.15$1.98$1.89$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$3,765,828
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,864,882$3,393,270▲ $528,388
Accounts Receivable$1,279,420$1,450,609▲ $171,189
Cash and Non-Interest-Bearing Accounts$1,003,486$1,012,224▲ $8,738
Prepaid Expenses and Deferred Charges$199,153$319,108▲ $119,955
Other Notes and Loans Receivable, Net$521,717$312,748▼ $208,969
Inventories for Sale or Use$57,590$55,000▼ $2,590
Land, Buildings, and Equipment, Net$8,477$8,114▼ $363
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$5,959,150$6,583,083▲ $623,933
Other Assets Total$24,425$32,010▲ $7,585
Liabilities
Deferred Revenue$1,711,208$1,947,571▲ $236,363
Accounts Payable and Accrued Expenses$471,962$568,070▲ $96,108
Total Liabilities$2,183,170$2,515,641▲ $332,471
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,775,980$4,067,442▲ $291,462
Total Net Assets Fund Balance$3,775,980$4,067,442▲ $291,462
Total Liabilities and Net Assets / Fund Balance$5,959,150$6,583,083▲ $623,933

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,114$413,420$421,534
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael MichaudExecutive DirectorPT$239,610$123,576$381,586
Peter GaydonDirector of Technical AffairsFT$171,782$68,593$240,375
Mike ReimersControllerPT$108,080$30,414$138,494
Matt DernerManager, Business DevelopmentPT$32,247$97,653$129,900
Denielle GiordanoDirector, Marketing and EventsFT$87,298$51,953$120,851

Board Members and Trustees

NameTitle
Scott KingChairman
John DonatielloPresident
Al PouriaDirector
Dan McgrathDirector
David FlintonDirector
Greg CaseDirector
Greg LevineDirector
Jack ClaxtonDirector
Julian AtchiaDirector
Mike MancusoDirector
Troy PickeringDirector
Tryge DahlDirector
Ansell SimsSecretary
Kerby PopeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,040,050
Investment Income
$454,642
Other Revenue
$271,136
Change in Net Assets
$289,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,793,719
Salaries, Compensation, and Employee Benefits$1,682,803
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$785,852$127,929-$913,781
Conferences and Meetings$589,946--$589,946
Other Salaries and Wages$232,107$37,785-$269,892
Office Expenses$131,957$131,957-$263,914
Pension Plan Contributions$174,638$28,430-$203,068
Travel$178,501--$178,501
Other Employee Benefits$131,128$21,346-$152,474
Payroll Taxes$123,485$20,103-$143,588
Information Technology$109,747$17,863-$127,610
Fees for Services Lobbying$120,000--$120,000
Fees for Services Legal$5,101$111,274-$116,375
Advertising$97,437--$97,437
Occupancy$60,229$9,805-$70,034
Other Expenses$49,226$2,438-$51,664
Insurance-$40,967-$40,967
Fees for Services Accounting$15,033$2,447-$17,480
Fees for Services Other$5,580--$5,580
Depreciation Depletion-$4,376-$4,376
Total Functional Expenses$2,914,620$561,902$0$3,476,522
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Membership eligibility to apply for membership shall be open to corporations and firms engaged in the manufacture of pump or pump related products including software for the use in or with pumping systems, provided the corporation or firm sells into the north american market. The manufacture and sale of these pumps shall have taken place for at least one year. Each member shall be represented in the institute, and the members of the board of directors shall be elected at the annual meeting of the institute. Dissolution of the corporation is upon the unanimous vote of all the members.

Form 990, Part VI, Section A, Line 7A

Membership eligibility to apply for membership shall be open to corporations and firms engaged in the manufacture of pump or pump related products including software for the use in or with pumping systems, provided the corporation or firm sells into the north american market. The manufacture and sale of these pumps shall have taken place for at least one year. Each member shall be represented in the institute, and the members of the board of directors shall be elected at the annual meeting of the institute. Dissolution of the corporation is upon the unanimous vote of all the members.

Form 990, Part VI, Section A, Line 7B

Membership eligibility to apply for membership shall be open to corporations and firms engaged in the manufacture of pump or pump related products including software for the use in or with pumping systems, provided the corporation or firm sells into the north american market. The manufacture and sale of these pumps shall have taken place for at least one year. Each member shall be represented in the institute, and the members of the board of directors shall be elected at the annual meeting of the institute. Dissolution of the corporation is upon the unanimous vote of all the members.

Form 990, Part VI, Section B, Line 11B

Form 990 is provided in draft form to the mebers of the finance/audit committee for review and comment. The final draft is reviewed by the controller, executive director and finance/audit committee prior to its filing.

Form 990, Part VI, Section B, Line 12C

Directors, officers employees have a continuing duty to disclose conflicts of interest as they arise. A copy of this policy is furnished for each director, officer and employee who is presently serving the hydraulic institute inc. And is included in the orientation package of all future directors, officers and employees. All directors and officers annually, and employees upon employment, sign acknowledgements that they have received a copy of, understand and will comply with this policy.

Form 990, Part VI, Section B, Line 15A

The ceo appointment is screened and approved by the governing board. Ceo compensation is determined and approved by the governing board. An employment contract is obtained.

Form 990, Part VI, Section B, Line 15B

Key employees are screened by the executive director and appointed with the advice and consent of the governing board.

Form 990, Part VI, Section C, Line 19

By-laws and many company policies and procedures are available on the company website. Financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Hydraulic Institute Inc
EIN
22-3525903
Phone
9732679700
Address
300 INTERPACE PARKWAY BLD A, PARSIPPANY, NJ 07054

Signing Officer

Name
Michael Michaud
Title
Executive Director
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Michaud
Formed
1917
Legal Domicile
Nj
Voting Board Members
11
Independent Board Members
11
Employees
18
Volunteers
150

Preparer

Firm
Peter Gill CPA LLC
Address
11 W ELRO DR, OAK RIDGE, NJ 07438
Preparer
Peter Gill
Phone
9734234949
Supplemental Narrative

Additional Explanations

All Other Accomplishments

Form 990 - part iii line 4d - the hydraulic institute publishes industry standards, the engineering data book, sealing guidelines, the lcc guide, the vsp guide, the optimizing systems guide, power plant guideline, pump test lab approval guide and offers subscriptions to economic reports about the pumping industry. These publications provide information for pump users to enable them to maximize effective application testing, installation, operation and maintenance of pumps and pumping systems.

Classes of Members of Stockholders

Form 990 - part vi - membership eligibility to apply for membership shall be opento corporations and firms engaged in the manufacture of pump or pump-related products including software for the use in or with pumping systems. Typically member firm sell into the north american market and the manufacture and sale of these pumps shall have taken place for at least one year. Each member shall be represented in the institute, and the members of the board of directors shall be elected at the annual meeting of the institute. Dissolution of the corporation is upon the unanimous vote of all the members.

ORGANIZATION'S MISSION

HIs Vision: Drive all Pump System stakeholders towards a sustainable future HIs Mission:Advance Solutions for Pump System Performance and Efficiency Develop Standards and Technical ResourcesEducate the Global MarketplaceAdvocate for the Industry

ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITY

HIs Vision: Drive all Pump System stakeholders towards a sustainable future HIs Mission:Advance Solutions for Pump System Performance and Efficiency Develop Standards and Technical ResourcesEducate the Global MarketplaceAdvocate for the Industry

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR OF TECHNICAL AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt2CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR, MARKETING AND EVENTS
IRS990/Form990PartVIISectionAGrp/TitleTxt4MANAGER, BUSINESS DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11President
IRS990/Form990PartVIISectionAGrp/TitleTxt12Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE HYDRAULIC INSTITUTE PUBLISHES INDUSTRY STANDARDS, THE ENGINEERING DATA BOOK, SEALING GUIDELINES, THE LCC GUIDE, THE VSP GUIDE, THE OPTIMIZING SYSTEMS GUIDE, POWER PLANT GUIDELINE, PUMP TEST LAB APPROVAL GUIDE AND OFFERS SUBSCRIPTIONS TO ECONOMIC REPORTS ABOUT THE PUMPING INDUSTRY. THESE PUBLICATIONS PROVIDE INFORMATION FOR PUMP USERS TO ENABLE THEM TO MAXIMIZE EFFECTIVE APPLICATION TESTING, INSTALLATION, OPERATION AND MAINTENANCE OF PUMPS AND PUMPING SYSTEMS.
IRS990/ProgSrvcAccomActy3Grp/Desc0See Schedule O
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