Aqua Skiers 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

1960

Legal Domicile

Principal Officer

Mike Wiberg

Phone

7157120919

Tax Period

2024-01-01 to 2024-12-31

Aqua Skiers Inc, founded in 1960, is a small nonprofit in the Recreation & Sports sector that reported $331K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $287K left a modest 13% surplus.

Mission

To promote safe water skiing practice, water/boat safety and community spirit. 35 of the members are high school age or younger. The team hosts clinics and promotes community pride.

Program Service Accomplishments

Program 1

The Club practiced and put on waterski shows which develop skill of the members and promote waterskiing with the community

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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 $0

Program Service Revenue $331,200

Investment Income $0

Other Revenue $0

TOTAL REVENUE $331,200

Expense Breakdown

Grants Paid $3,384

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $283,346

TOTAL EXPENSES $286,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$331,200	$241,231	+0.4%
Expenses	$286,730	$203,191	+0.4%
Net Income	$44,470	$38,040	+0.2%

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
Brennan Livermore	President	003.00	Director	$0	$0	$0
Darci Laudenbach	Vice-President	004.00	Director	$0	$0	$0
Katie Ness	Treasurer	003.00	Director	$0	$0	$0
Jesse Becker	Secretary	002.00	Director	$0	$0	$0
Faith Dix	Show Director/membership secretary	004.00	Director	$0	$0	$0
Autumn Steenes	Skier Delegate	001.00	Director	$0	$0	$0
Casey Christensen	Skier Delegate	001.00	Director	$0	$0	$0
mark Haferman	Skier Delegate	001.00	Director	$0	$0	$0
Brock Lyshek	Membership Director	001.00	Director	$0	$0	$0
Karyn Hansen	Representive	001.00	Director	$0	$0	$0
Amber Dix	Alt Rep	001.00	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	$331,200	$286,730	$197,452	$44,470
2023	$241,231	$203,191	$152,982	$38,040
2022	$202,355	$235,639	$114,942	$-33,284
2021	$236,761	$229,868	$148,226	$6,893
2020	$58,912	$45,526	$141,333	$13,386
2019	$139,911	$213,249	$127,947	$-73,338