With new government regulations and emerging knowledge of the risk to the environment posed by the failure of stormwater pipelines, stormwater infrastructure asset management is becoming increasingly important in the U.S. An essential aspect of asset management practice is the accurate performance assessment of one's assets. This paper presents a weighted factor framework to determine the performance of stormwater pipes. This paper prepares a list of 50 parameters affecting the performance of stormwater pipelines; the list is based on a review of the literature, existing asset management plans, and feedback from utilities. This list is broken down into essential and preferential parameters. Indeed, not all utilities necessarily possess sufficient resources to collect such a large set of parameters. This study also develops a three-level hierarchical structure of the degradation of stormwater pipeline infrastructure. The structure consists of five failure modules and the essential parameters only. On the basis of the survey results gathered from 10 utilities across the EPA regions, the study combines the essential parameters into a performance index. The index is a scale of 1 to 5, similar to the National Association of Sewer Service Companies' Pipeline Assessment and Certification Program grading system. Grade 1 implies excellent condition and Grade 5 implies collapse is imminent.