ELKHART HEALTH FITNESS & AQUATICS INC

EIN: 384018882 501(c)(3) Health Care

SOUTH BEND, IN

Total Revenue
$1,195,513
Total Expenses
$2,234,092
Total Assets
$54,044,763
Net Assets
$49,394,388
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
IN
Principal Officer
JEFFREY COSTELLO
Phone
5746473460
Tax Period
2023-01-01 to 2023-12-31

ELKHART HEALTH FITNESS & AQUATICS INC, founded in 2016, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $2.2M exceeded revenue, resulting in a 87% operating deficit.

Mission

THE ORGANIZATION EXISTS TO PROMOTE HEALTH, WELLNESS AND WELLBEING OF INDIVIDUALS WITHIN THE COMMUNITIES, ALONG WITH OTHER CIVIC AND COMMUNITY PURPOSES. THIS IS CARRIED OUT PRINCIPALLY THROUGH THE MANAGEMENT OF A FACILITY HOUSING A HEALTHCARE FACILITY, A FITNESS CENTER, AN AQUATICS CENTER AND A COMMUNITY CENTER.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $895,450
Program Service Revenue $300,000
Investment Income $63
Other Revenue $0
TOTAL REVENUE $1,195,513

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,004,601
Other Expenses $2,234,092
TOTAL EXPENSES $2,234,092

Year-over-Year Comparison

2023 2022 Change
Revenue $1,195,513 $1,159,451 +0.0%
Expenses $2,234,092 $2,214,941 +0.0%
Net Income $-1,038,579 $-1,055,490 0.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
6
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
4
$177,937
Total Directors
8
$177,937
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLE PATUZZI TREASURER, SECRETARY 0.50
Officer Director
$0 $17,604 $177,937
DIANE BENKO BOARD MEMBER 0.50
Director
$0 $0 $0
CARL RISK BOARD MEMBER 0.50
Director
$0 $0 $0
JILL SIGSBEE BOARD MEMBER 0.50
Director
$0 $0 $0
DOUG WEAVER BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL SCHOEFFLER CHAIRMAN, SECRETARY 1.00
Officer Director
$0 $0 $0
JEFFREY COSTELLO VICE CHAIRMAN, PRESIDENT 1.00
Officer Director
$0 $0 $0
DAN MORRISON CHAIRMAN 1.00
Officer 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 $1,195,513 $2,234,092 $54,044,763 $-1,038,579
2022 $1,159,451 $2,214,941 $55,598,302 $-1,055,490
2021 $1,159,539 $2,265,508 $56,716,737 $-1,105,969
2020 $2,010,812 $2,258,711 $58,318,729 $-247,899
2019 $24,325,032 $1,252,607 $58,976,757 $23,072,425
2018 $14,318,902 $86,021 $35,744,203 $14,232,881
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