OPTIMIST CLUB OF NEW ULM 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

1997

Legal Domicile

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 EDUCATIONAL 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.

Program Service Accomplishments

Program 1

Expenses: $2,000

CONTRIBUTIONS TO LOCAL NONPROFIT ORGANIZATIONS, NEEDY INDIVIDUALS, YOUTH PROGRAMS AND SCHOLARSHIPS WHICH BENEFIT MANY PEOPLE AND KIDS IN THE COMMUNITY IN THE AMOUNT OF $26,630 INCLUDED IN LAWFUL...

CONTRIBUTIONS TO LOCAL NONPROFIT ORGANIZATIONS, NEEDY INDIVIDUALS, YOUTH PROGRAMS AND SCHOLARSHIPS WHICH BENEFIT MANY PEOPLE AND KIDS IN THE COMMUNITY IN THE AMOUNT OF $26,630 INCLUDED IN LAWFUL GAMBLING EXPENSES.

Program 2

Expenses: $1,400

DONATIONS TO THE CITY OF NEW ULM, BROWN COUNTY, AND NEW ULM AREA SCHOOLS IN SUPPORT OF VARIOUS PROGRAMS SUCH AS REACH OUT FOR WARMTH, LIBRARY, PARK AND REC, SAFETY PATROL, AND POST-PROM. MANY LOCAL...

Program 3

Expenses: $5,044

REACHING OUT TO LOCAL YOUTH THROUGH SPECIAL OPTIMIST PROGRAMS SUCH AS ORATORICAL CONTEST, ESSAY CONTEST, VISUAL ARTS CONTEST, PHOTO CONTEST, BOY SCOUTS, YOUTH POWER, AND HONORS BREAKFAST. ALSO CANCER...

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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 $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

Governance

Voting Members

Independent Members

Employees

Volunteers

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 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