AQUAFEST INC (EIN 391202371) - 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

1974

Legal Domicile

Principal Officer

BECCA TOMESH

Phone

7152346060

Tax Period

2024-01-01 to 2024-12-31

AQUAFEST INC, founded in 1974, is a small nonprofit that reported $250K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $322K exceeded revenue, resulting in a 29% operating deficit.

Mission

ATTRACT TOURISM TO RICE LAKE, WI

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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 (2024)

Revenue Breakdown

Contributions & Grants $110,735

Program Service Revenue $136,625

Investment Income $223

Other Revenue $2,771

TOTAL REVENUE $250,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $318,283

Other Expenses $322,475

TOTAL EXPENSES $322,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,354	$296,127	-0.2%
Expenses	$322,475	$262,029	+0.2%
Net Income	$-72,121	$34,098	-3.1%

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

150

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
ANNE GALLAGHER	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER BURISH	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB ANDERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
DEB LARSON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE GRADY	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN WICK	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN LEHMAN	CO-CHAIR	0.50	Officer Director	$0	$0	$0
MIRANDA SIMPKINS	BOARD MEMBER	0.50	Director	$0	$0	$0
AMBER MUSOLF	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN SCHULTZ	BOARD MEMBER	0.50	Director	$0	$0	$0
BECCA TOMESH	TREASURER	1.00	Officer Director	$0	$0	$0
DRAKE TOMESH	BOARD MEMBER	0.50	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	$250,354	$322,475	$3,327	$-72,121
2023	$296,127	$262,029	$75,448	$34,098
2022	$176,246	$182,944	$41,350	$-6,698
2021	$164,223	$153,438	$48,048	$10,785
2020	$59,538	$48,820	$37,263	$10,718
2019	$274,183	$221,760	$26,545	$52,423
2018	$238,298	$244,609	$4,122	$-6,311

AQUAFEST INC