COON RAPIDS MAT BANDITS WRESTLING … - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

MELISSA GLENN

Phone

6125183741

Tax Period

2023-09-01 to 2024-08-31

COON RAPIDS MAT BANDITS WRESTLING CLUB, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $440K in total revenue in fiscal year 2023. Net assets of $2.7M represent 73 months of operating reserves.

Mission

WRESTLING PROGRAM FOR YOUTH

Program Service Accomplishments

Program 1

Expenses: $473,990

THE ORGANIZATION OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES TO CONDUCT AND OPERATE A WRESTLING PROGRAM FOR YOUTH PEE WEE THROUGH HIGH SCHOOL AND THE FOSTERING OF NATIONAL & INTERNATIONAL AMATEUR WRESTLING COMPETITIONS. THIS IS DONE THROUGH TOURNAMENTS, CAMPS, AND CLINICS ORGANIZED AND FUNDED BY THE ORGANIZATION.

Program 2

Expenses: $5,000

CRMBWC GIVES SCHOLARSHIPS TO THOSE INDIVIDUALS THAT EXCEL AT WRESTLING TO HELP ASSIST THEM WITH THEIR COLLEGE EDUCATION.

Program 3

GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION DURING THE YEAR ENDED 8/31/2024, INCLUDED PAPER PULL-TABS, NON-LINKED BINGO, PADDLETICKETS, TIPBOARDS, SPORTS-THEMED TIPBOARDS...

GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION DURING THE YEAR ENDED 8/31/2024, INCLUDED PAPER PULL-TABS, NON-LINKED BINGO, PADDLETICKETS, TIPBOARDS, SPORTS-THEMED TIPBOARDS, ELECTRONIC PULL-TABS, AND LINKED BINGO. REVENUE IN EXCESS OF ALLOWABLE EXPENSES GENERATED BY THE LAWFUL GAMBLING FUND WERE USED FOR LAWFUL PURPOSES AND BOARD APPROVED EXPENDITURES AS DEFINED BY MINNESOTA STATUTE. GROSS RECEIPTS FOR THE YEAR ENEDED 8/31/2024 WERE 18,462,887 TOTAL GAMING EXPENSES FOR THE YEAR ENDED 8/31/2024 WERE 18,529,693.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,240

Investment Income $290

Other Revenue $410,256

TOTAL REVENUE $439,786

Expense Breakdown

Grants Paid $239,112

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $478,990

Other Expenses $243,819

TOTAL EXPENSES $482,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$439,786	$445,482	0.0%
Expenses	$482,931	$561,069	-0.1%
Net Income	$-43,145	$-115,587	-0.6%

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

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

$8,240

Total Directors

$189,473

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB ADAMS	GAMBLING MAN	40.00	Director	$86,506	$0	$86,506
MELISSA GLENN	PRESIDENT	5.00	Officer Director	$2,400	$0	$2,400
TONY MORGAN	VICE PRESIDE	5.00	Officer Director	$5,840	$0	$5,840
CATHY ADAMS	SECRETARY/AS	40.00	Director	$60,954	$0	$60,954
TOM LOVIK	TREASURER	5.00	Officer Director	$0	$0	$0
GERRY VAILLANCOURT	FINANCIAL AD	2.00	Director	$0	$0	$0
TONY FRANCIS	PHOTOGRAPHY	2.00	Director	$0	$0	$0
TODD GRIFFITH	COACH CRMS	2.00	Director	$0	$0	$0
STEVE FUERSTENBERG	COACH CRMS	2.00	Director	$0	$0	$0
GARY GRIFFITH	COACH MB	2.00	Director	$0	$0	$0
ADAM THRONSON	COACH JR/CAD	2.00	Director	$5,788	$0	$5,788
RYAN ADAMS	COACH KIDS	2.00	Director	$0	$0	$0
JASON ADAMS	COACH KIDS	2.00	Director	$19,228	$0	$19,228
CHRIS BRIDENSTEIN	COACH	2.00	Director	$3,700	$0	$3,700
TJ MANDYCK	COACH	2.00	Director	$0	$0	$0
JADEN LITECKY	SECURITY	2.00	Director	$0	$0	$0
LISA HARGAVE	AWARDS	2.00	Director	$0	$0	$0
DIANE BRIDENSTEIN	ADMISSIONS	2.00	Director	$0	$0	$0
NOAH GLENN	VIDEO/TECHNO	2.00	Director	$5,057	$0	$5,057
DAN BROWN	WEIGN-INS	2.00	Director	$0	$0	$0
ERIC JAMES	WEIGH-INS	2.00	Director	$0	$0	$0
HOWARD SKILLINGS	AT LARGE	2.00	Director	$0	$0	$0
MEGAN JAMES	HOSPITALITY	2.00	Director	$0	$0	$0
IAN GLENN	ANNOUNCER	2.00	Director	$0	$0	$0
SARA ROSS	PARENT REP 1	2.00	Director	$0	$0	$0
KEVIN KOWALCHYK	AT LARGE	2.00	Director	$0	$0	$0
CANDY BROWN	AT LARGE	2.00	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
2025	No data	No data	No data	No data
2024	$439,786	$482,931	$2,677,572	$-43,145
2023	$445,482	$561,069	$2,368,214	$-115,587
2022	$431,542	$520,577	$2,323,814	$-89,035
2021	$372,204	$231,092	$2,718,364	$141,112
2020	$249,758	$171,427	$2,401,946	$78,331

COON RAPIDS MAT BANDITS WRESTLING CLUB