FRIENDS OF THE MANITOWOC FAMILY AQUATIC CENTER (EIN 204109129) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

CHARLES N KRUEGER

Phone

9206842547

Tax Period

2021-01-01 to 2021-12-31

FRIENDS OF THE MANITOWOC FAMILY AQUATIC CENTER, founded in 2006, is a micro nonprofit that reported $8K in total revenue in fiscal year 2021. Revenue decreased 19% compared to the prior year. Expenses of $609K exceeded revenue, resulting in a 7391% operating deficit.

Mission

TO OFFER A HIGH QUALITY EXPERIENCE, ATTRACTING A BROAD CUSTOMER BASE WITH AFFORDABLE OPPORTUNITIES FOR AQUATIC ACTIVITIES AND INSTRUCTION IN A COMPREHENSIVE FACILITY SETTING THAT IS ACCESSIBLE. WHILE ENHANCING THE QUALITY OF LIFE IN MANITOWOC, WE WILL ENCOURAGE PARTICIPANTS TO JOIN FUN ACTIVITIES, TO IMPROVE THEIR SWIMMING SKILLS, TO ENJOY HEALTH AND FITNESS PROGRAMS AND TO FOSTER A FAMILY ENVIRONMENT.

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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 (2021)

Revenue Breakdown

Contributions & Grants $8,022

Program Service Revenue $0

Investment Income $112

Other Revenue $0

TOTAL REVENUE $8,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,500

Program Expenses $599,951

Other Expenses $609,352

TOTAL EXPENSES $609,352

Year-over-Year Comparison

	2021	2020	Change
Revenue	$8,134	$10,050	-0.2%
Expenses	$609,352	$688,324	-0.1%
Net Income	$-601,218	$-678,274	-0.1%

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

N/A

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
BRYAN ORTH	DIRECTOR	2.00	Director	$0	$0	$0
RYAN GRAFF	DIRECTOR	2.00	Director	$0	$0	$0
ALLAN P BRIXIUS	DIRECTOR	2.00	Director	$0	$0	$0
JEFF JAGODINSKI	DIRECTOR	2.00	Director	$0	$0	$0
JAY MUCHIN	DIRECTOR	2.00	Director	$0	$0	$0
DANA GOETZ	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM MANIS	DIRECTOR	2.00	Director	$0	$0	$0
NANCY KOCH	DIRECTOR	2.00	Director	$0	$0	$0
AMY FRICKE WEIGEL	PRESIDENT	2.00	Officer	$0	$0	$0
CHARLES KRUEGER	TREASURER	2.00	Officer	$0	$0	$0
DEBI SCHAEFER	SECRETARY	2.00	Officer	$0	$0	$0
CHRISTINE KORNELY	VICE PRESIDENT	2.00	Officer	$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
2021	$8,134	$609,352	$269,607	$-601,218
2020	$10,050	$688,324	$690,825	$-678,274
2019	$425,971	$7,249	$1,369,099	$418,722
2018	$488,738	$5,366	$950,377	$483,372

FRIENDS OF THE MANITOWOC FAMILY AQUATIC CENTER