WATERHAWKS SKI TEAM

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Phone

3192330525

Tax Period

2024-10-01 to 2025-09-30

WATERHAWKS SKI TEAM, founded in 1958, is a small nonprofit in the Recreation & Sports sector that reported $150K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $62K, a strong 41% operating margin.

Mission

WATERHAWKS WATER SKI TEAM TO EDUCATE CLUB MEMBERS, AS WELL AS THE GENERAL PUBLIC, ON TECHNIQUES, RULES, REGULATIONS AND SAFETY IN THE SPORT OF WATER-SKIING. BY PROMOTING OUR ALTERNATIVE ACTIVITIES IN THE COMMUNITY, WE HOPE TO INFLUENCE FUTURE GENERATIONS OF WATER-SKIERS BY FOSTERING RELATIONSHIPS FOCUSED ON COACHING, MENTORING, TEAMWORK, COOPERATION, AND LEADERSHIP IN THE FAMILY ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $43,299

PROMOTING THE SPORT OF WATERSKIING THROUGH WATERSKI INSTRUCTION AND HOSTING EVENTS FOR THE GENERAL PUBLIC, INCLUDING EVENTS DESIGNED FOR THE DISABLED, HANDICAPPED AND DISADVANTAGED.

Program 2

Expenses: $25,130

HOSTING EVENTS FOR COMMUNITY ENTERTAINMENT, INCLUDING PERFORMNCE SHOWS, TOURNAMENTS AND OTHER COMPETITIONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,115

Program Service Revenue $25,492

Investment Income $32,286

Other Revenue $88,599

TOTAL REVENUE $150,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,429

Other Expenses $88,704

TOTAL EXPENSES $88,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,492	$163,054	-0.1%
Expenses	$88,704	$124,581	-0.3%
Net Income	$61,788	$38,473	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

150

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
MARILYN SCHMITZ	President	10.00	Director	$0	$0	$0
STEVE FORSSBERG	FUNDRAISING DIR	2.00	Director	$0	$0	$0
KEEGAN ULRICH	SHOW BUS MGR	2.00	Director	$0	$0	$0
LARRY MEANY	Treasurer	10.00	Director	$0	$0	$0
JAKE DOUGHERTY	MASTER-AT-ARMS	2.00	Director	$0	$0	$0
PAT COOK	TOURNAMENT DIR	2.00	Director	$0	$0	$0
EMILY FORSSBERG	FUNDRAISING DIR	2.00	Director	$0	$0	$0
LIV NASUTION	PUBLICITY DIR	2.00	Director	$0	$0	$0
LEXIE HEATH	MEMBERSHIP DIR	2.00	Director	$0	$0	$0
MOLLI WELLMAN	Secretary	2.00	Director	$0	$0	$0
DEREK DEZARN	Vice President	2.00	Director	$0	$0	$0
TERRY WALEN	SAFETY DIR	2.00	Director	$0	$0	$0
CJ SCHMITZ	SHOW TOURN.DIR.	2.00	Director	$0	$0	$0
KAELYNN CLARK	YOUTH DIR.	2.00	Director	$0	$0	$0
JOE SCHMITZ	FIRST BOARD	2.00	Director	$0	$0	$0
MIKE WELLMAN	Treasurer	2.00	Director	$0	$0	$0
KODY MCCRACKEN	SHOW DIRECTOR	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	$150,492	$88,704	$536,210	$61,788
2024	$163,054	$124,581	$509,085	$38,473
2023	$169,965	$128,492	$397,726	$41,473