WATERFEST 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

1994

Legal Domicile

Principal Officer

MICHAEL P DEMPSEY

Phone

9203032266

Tax Period

2025-01-01 to 2025-12-31

WATERFEST INC, founded in 1994, is a small nonprofit that reported $547K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

PROMOTE AND DRAW ATTENTION TO DOWNTOWN OSHKOSH.

Program Service Accomplishments

Program 1

Expenses: $580,267 Revenue: $301,834

THE OBJECTIVE OF THE ORGANIZATION IS TO PROMOTE AND DRAW ATTENTION TO THE DOWNTOWN AREA OF OSHKOSH BY HIRING BANDS TO PERFORM CONCERTS AT THE LEACH AMPHITHEATER. THE ACTIVITY IS OPEN TO THE PUBLIC. A NOMINAL FEE IS CHARGED FOR ADULTS. THE WATERFEST PROGRAM RUNS FOR APPROXIMATELY 9 EVENINGS DURING SUMMER MONTHS. THE ESTIMATED ATTENDANCE FOR THE SUMMER ACTIVITY IS 30,000 TO 35,000. THE ORGANIZATION OBTAINS SPONSORSHIP FEES FROM AREA BUSINESSES AS A MEANS OF FINANCIAL SUPPORT. ALSO, THE ORGANIZATION RECEIVES ROYALTIES FROM OTHER NONPROFIT ORGANIZATIONS THAT RUN CONCESSION STANDS AT THE CONCERTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $245,401

Program Service Revenue $301,834

Investment Income $0

Other Revenue $0

TOTAL REVENUE $547,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $580,267

Other Expenses $580,267

TOTAL EXPENSES $580,267

Year-over-Year Comparison

	2025	2024	Change
Revenue	$547,235	$479,128	+0.1%
Expenses	$580,267	$708,357	-0.2%
Net Income	$-33,032	$-229,229	-0.9%

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

550

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
MICHAEL P DEMPSEY	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHARLES J HERTEL	VICE-PRESIDENT	0.10	Officer Director	$0	$0	$0
JOHN CASPER	TREASURER	0.10	Officer Director	$0	$0	$0
ROBERT KLEMAN	SECRETARY	5.00	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
2025	$547,235	$580,267	$7,144	$-33,032
2024	No data	No data	No data	No data
2023	$750,040	$851,505	$298,658	$-101,465
2022	$702,805	$713,116	$370,870	$-10,311
2021	$876,865	$525,246	$381,181	$351,619
2019	$528,060	$523,234	$23,042	$4,826
2018	$575,417	$617,655	$19,512	$-42,238