MADISON REGATTA INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

KYLE BIPES

Phone

8127015045

Tax Period

2024-09-01 to 2025-08-31

MADISON REGATTA INC, founded in 1955, is a small nonprofit that reported $984K in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE SERVICES RELATED TO THE HYDROPLANE RACE AND FESTIVAL EVENTS

Program Service Accomplishments

Program 1

Expenses: $1,220,820 Revenue: $984,219

TO PROVIDE SERVICES RELATED TO STAGING HYDROPLANE RACE AND FESTIVAL EVENTS IN MADISON, IN

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $984,219

Investment Income $0

Other Revenue $0

TOTAL REVENUE $984,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,220,820

Other Expenses $1,220,820

TOTAL EXPENSES $1,220,820

Year-over-Year Comparison

	2024	2023	Change
Revenue	$984,219	$950,655	+0.0%
Expenses	$1,220,820	$934,837	+0.3%
Net Income	$-236,601	$15,818	-16.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	PRESIDENT	N/A	Officer	$0	$0	$0
TIM BIPES	VICE PRESIDE	N/A	Officer	$0	$0	$0
KIM MAHONEY	TREASURER	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
BRANDON LEE	DIRECTOR	N/A	Director	$0	$0	$0
STEVE WOLF	DIRECTOR	N/A	Director	$0	$0	$0
TOMMY LOWRY	DIRECTOR	N/A	Director	$0	$0	$0
SNAKE PERRY	DIRECTOR	N/A	Director	$0	$0	$0
CANDACE GOINS	DIRECTOR	N/A	Director	$0	$0	$0
MELISSA WOLF	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN CLINE	TREASURER	N/A	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
2025	$984,219	$1,220,820	$27,865	$-236,601
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