WELLS SPORTS COMPLEX INC

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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

1999

Legal Domicile

Principal Officer

RAY LAMARCHE

Phone

9067895835

Tax Period

2022-07-01 to 2023-06-30

WELLS SPORTS COMPLEX INC, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $326K in total revenue in fiscal year 2022. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 26% operating margin.

Mission

PROVIDE RECREATIONAL AND LEISURE SERVICES

Program Service Accomplishments

Program 1

Expenses: $198,737 Revenue: $325,663

PROVIDED RECREATIONAL AND LEISURE SERVICES TO THE PUBLIC BY OFFERING THE SKATING FACILITY TO PEOPLE OF ALL AGES IN AND AROUND DELTA COUNTY, MICHIGAN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $325,663

Investment Income $747

Other Revenue $0

TOTAL REVENUE $326,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,545

Fundraising Expenses $0

Program Expenses $236,506

Other Expenses $171,679

TOTAL EXPENSES $242,224

Year-over-Year Comparison

	2022	2021	Change
Revenue	$326,410	$227,297	+0.4%
Expenses	$242,224	$208,809	+0.2%
Net Income	$84,186	$18,488	+3.6%

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

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
MIKE BORMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JOSH FISHER	BOARD MEMBER	N/A	Director	$0	$0	$0
KATHY KOHTALA	SECRETARY	N/A	Director	$0	$0	$0
MIKE MARTIN	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE ZUIDEMA SR	BOARD MEMBER	N/A	Director	$0	$0	$0
RICK AIRD	VP/TREASURER	N/A	Officer	$0	$0	$0
RAY LAMARCHE	PRESIDENT	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$326,410	$242,224	$806,318	$84,186
2022	$227,297	$208,809	$721,982	$18,488
2021	$197,748	$195,632	$763,926	$2,116
2020	$183,881	$161,509	$700,816	$22,372
2019	$213,795	$163,520	$679,910	$50,275
2018	$178,898	$169,554	$628,362	$9,344