MADISON REGATTA INC (EIN 356071199) - 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

1955

Legal Domicile

Principal Officer

JAK MCCORMICK

Phone

8127015045

Tax Period

2023-09-01 to 2024-08-31

MADISON REGATTA INC, founded in 1955, is a small nonprofit that reported $951K in total revenue in fiscal year 2023. Revenue surged 623% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SERVICES RELATED TO THE HYDROPLANE RACE AND FESTIVAL EVENTS

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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 $0

Program Service Revenue $950,655

Investment Income $0

Other Revenue $0

TOTAL REVENUE $950,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $934,837

Other Expenses $934,837

TOTAL EXPENSES $934,837

Year-over-Year Comparison

	2023	2022	Change
Revenue	$950,655	$131,477	+6.2%
Expenses	$934,837	$91,864	+9.2%
Net Income	$15,818	$39,613	-0.6%

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
HANNAH FISHER	SECRETARY	N/A	Officer	$0	$0	$0
KYLE BIPES	VICE PRESIDE	N/A	Officer	$0	$0	$0
TIM BIPES	TREASURER	N/A	Officer	$0	$0	$0
JAK MCCORMICK	PRESIDENT	N/A	Officer	$0	$0	$0
JEREMY SACHLEBEN	PIT CHAIRMAN	N/A	Director	$0	$0	$0
MARK HAMILTON	RACE CHAIR	N/A	Director	$0	$0	$0
KIM WASHER	FESTIVAL CHA	N/A	Director	$0	$0	$0
MIKE LICHLYTER	SPONSORSHIP	N/A	Director	$0	$0	$0
ROGER SNELL	ASST. RACE C	N/A	Director	$0	$0	$0
HAROLD PERRY	DIRECTOR	N/A	Director	$0	$0	$0
LAKEN CRABTREE	DIRECTOR	N/A	Director	$0	$0	$0
TOMMY LOWRY	DIRECTOR	N/A	Director	$0	$0	$0
ROBIN CULL	DIRECTOR	N/A	Director	$0	$0	$0
JOHN KNOEBEL	DIRECTOR	N/A	Director	$0	$0	$0
TIM LAUK	DIRECTOR	N/A	Director	$0	$0	$0
MELISSA WOLF	DIRECTOR	N/A	Director	$0	$0	$0
MIKE HEITZ	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	$950,655	$934,837	$210,654	$15,818
2023	$645,511	$657,919	$195,855	$-12,408
2022	$131,477	$95,608	$261,771	$35,869
2021	$577,913	$433,006	$225,902	$144,907
2020	$83,894	$45,111	$81,019	$38,783
2019	$527,539	$563,210	$63,370	$-35,671
2018	$526,328	$494,327	$108,426	$32,001

MADISON REGATTA INC