CYPRESS GARDENS WATER SKI TEAM INC (EIN 392079179) - 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

2012

Legal Domicile

Principal Officer

BRAD COPLEY

Tax Period

2024-01-01 to 2024-12-31

CYPRESS GARDENS WATER SKI TEAM INC, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $189K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

ENTERTAIN/EDUCATE SHOW WATER SKIING

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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 $115,147

Program Service Revenue $74,184

Investment Income $-18,247

Other Revenue $17,588

TOTAL REVENUE $188,672

Expense Breakdown

Grants Paid $1,762

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $185,152

TOTAL EXPENSES $186,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,672	$250,798	-0.2%
Expenses	$186,914	$179,355	+0.0%
Net Income	$1,758	$71,443	-1.0%

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

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
STEVE GUNDERSON	VICE PRESIDENT	10	Officer Director	$0	$0	$0
N/A	TREASURER	10	Officer Director	$0	$0	$0
N/A	PRESIDENT	10	Officer Director	$0	$0	$0
N/A	SECRETARY	10	Officer Director	$0	$0	$0
CONNIE CARLIN	DIRECTOR	2	Director	$0	$0	$0
AMY JEMEC	DIRECTOR	2	Director	$0	$0	$0
PAUL O'CONNOR	DIRECTOR	2	Director	$0	$0	$0
JESSICA PALOMAKI	DIRECTOR	2	Director	$0	$0	$0
MARK VOISARD	DIRECTOR	2	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	$188,672	$186,914	$232,214	$1,758
2023	$250,798	$179,355	$254,322	$71,443
2022	$226,170	$226,208	$225,387	$-38

CYPRESS GARDENS WATER SKI TEAM INC