WALTER SCHROEDER AQUATIC CENTER LTD

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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

2007

Legal Domicile

Principal Officer

DAVID ANDERSON

Phone

4143640275

Tax Period

2023-01-01 to 2023-12-31

WALTER SCHROEDER AQUATIC CENTER LTD, founded in 2007, is a community nonprofit in the Recreation & Sports sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 13% surplus.

Mission

TO SECURE WALTER SCHROEDER AQUATIC CENTER (WASC) FOR FUTURE GENERATIONS OF COMPETITIVE AQUATIC PARTICIPANTS IN METROPOLITAN MILWAUKEE, WISCONSIN AND MIDWEST REGION.

Program Service Accomplishments

Program 1

Expenses: $1,370,318 Revenue: $1,445,346

TO SECURE WALTER SCHROEDER AQUATIC CENTER (WASC) FOR FUTURE GENERATIONS OF COMPETITIVE AQUATIC PARTICIPANTS IN METROPOLITAN MILWAUKEE, WISCONSIN AND MIDWEST REGION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $407,688

Program Service Revenue $1,445,346

Investment Income $47,861

Other Revenue $19,024

TOTAL REVENUE $1,919,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $907,072

Fundraising Expenses $70,580

Program Expenses $1,370,318

Other Expenses $769,882

TOTAL EXPENSES $1,676,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,919,919	$1,667,883	+0.2%
Expenses	$1,676,954	$1,578,085	+0.1%
Net Income	$242,965	$89,798	+1.7%

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

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
DAVID ANDERSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
MATT MILLER	VICE PRES./T	N/A	Officer Director	$0	$0	$0
LINDSEY KING	SECRETARY	N/A	Officer Director	$0	$0	$0
MICHAEL OXMAN	DIRECTOR	N/A	Director	$0	$0	$0
VICTOR LECLERE	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$1,919,919	$1,676,954	$3,084,412	$242,965
2022	$1,667,883	$1,578,085	$2,859,013	$89,798
2021	$1,771,521	$1,365,110	$2,876,227	$406,411
2020	$1,331,937	$1,144,712	$2,494,044	$187,225
2019	$1,583,496	$1,358,636	$2,105,552	$224,860
2018	$1,335,593	$1,403,078	$1,773,427	$-67,485