OPTIMIST CLUB OF NEW ULM INC

EIN: 411925076

NEW ULM, MN

Total Revenue
$34,600
Total Expenses
$17,774
Total Assets
$57,881
Net Assets
$57,804
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MN
Principal Officer
MICHAEL HENLE
Phone
5073547699
Tax Period
2023-10-01 to 2024-09-30

OPTIMIST CLUB OF NEW ULM INC, founded in 1997, is a micro nonprofit that reported $35K in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17K, a strong 49% operating margin.

Mission

CHARITABLE AND EDUCTIONAL PURPOSES TO DEVELOP OPTIMISM AS A PHILOSOPHY OF LIFE, UTILIZING THE TENETS OF THE OPTIMIST CREED; TO PROMOTE AN ACTIVE INTEREST IN GOOD GOVERNMENTS AND CIVIC AFFAIRS; TO INSPIRE RESPECT FOR THE LAW; TO PROMOTE PATRIOTISM AND WORK FOR INTERNATIONAL ACCORD AND FRIENDSHIP AMONG ALL PEOPLE; TO AID AND ENCOURAGE THE DEVELOPMENT OF YOUTH, IN THE BELIEF THAT THE GIVING OF ONE'S SELF IN SERVICE TO OTHERS WILL ADVANCE THE WELL-BEING OF HUMANKIND, COMMUNITY LIFE AND THE WORLD.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $850
Program Service Revenue $0
Investment Income $794
Other Revenue $32,956
TOTAL REVENUE $34,600

Expense Breakdown

Grants Paid $34,900
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,161
Other Expenses $-17,126
TOTAL EXPENSES $17,774

Year-over-Year Comparison

2023 2022 Change
Revenue $34,600 $17,434 +1.0%
Expenses $17,774 $16,757 +0.1%
Net Income $16,826 $677 +23.9%
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

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
25

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HENLE PRESIDENT 4.00
Officer Director
$0 $0 $0
LIZ ALTMANN SECRETARY 2.00
Officer Director
$0 $0 $0
CINDY BODE TREASURER 2.00
Officer Director
$0 $0 $0
ANGELA GOETZ VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SHELDON RIEKE DIRECTOR 1.00
Director
$0 $0 $0
JENNY JANSSEN DIRECTOR 1.00
Director
$0 $0 $0
LES SCHULTZ DIRECTOR 1.00
Director
$0 $0 $0
DICK SEEBOTH DIRECTOR 1.00
Director
$0 $0 $0
TOM POLICH DIRECTOR 1.00
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 $34,600 $17,774 $57,881 $16,826
2023 $17,434 $16,757 $43,061 $677
2022 $24,823 $13,791 $40,301 $11,032
2021 $7,211 $8,876 $29,703 $-1,665
2020 $12,199 $9,495 $30,934 $2,704
2019 $16,137 $11,467 $29,017 $4,670
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