USA WATER SKI & WAKE SPORTS INC

EIN: 590841458 501(c)(3) Recreation & Sports

AUBURNDALE, FL

Total Revenue
$1,758,827
Total Expenses
$1,703,590
Total Assets
$1,666,895
Net Assets
$1,198,152
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
NJ
Principal Officer
KEVIN MICHAEL
Phone
8633244341
Tax Period
2023-01-01 to 2023-12-31

USA WATER SKI & WAKE SPORTS INC, founded in 1946, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.7M left a modest 3% surplus.

Mission

TO ADVANCE, SUPPORT AND SERVICE THE SPORT OF WATER SKIING AND ALL TOWED WATER SPORTS.

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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 $90,648
Program Service Revenue $1,638,262
Investment Income $21,872
Other Revenue $8,045
TOTAL REVENUE $1,758,827

Expense Breakdown

Grants Paid $52,937
Salaries & Benefits $541,658
Fundraising Expenses $127,461
Program Expenses $1,381,275
Other Expenses $1,108,995
TOTAL EXPENSES $1,703,590

Year-over-Year Comparison

2023 2022 Change
Revenue $1,758,827 $2,264,962 -0.2%
Expenses $1,703,590 $1,918,337 -0.1%
Net Income $55,237 $346,625 -0.8%
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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Governance

Voting Members
25
Independent Members
25
Employees
11
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
5
$152,077
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW ADKISON USOPC/ATHLETE REP 2.00
Director
$0 $0 $0
ALEX LAURETANO ATHLETE REP 2.00
Director
$0 $0 $0
DAVID REZIN ATHLETE REP 2.00
Director
$0 $0 $0
JASON LEE ATHLETE REP 2.00
Director
$0 $0 $0
CONNOR POGGETTO ATHLETE REP 2.00
Director
$0 $0 $0
ROBERT HARRIS MEMBER 2.00
Director
$0 $0 $0
CONNIE BERGMARK MEMBER 2.00
Director
$0 $0 $0
REGINA JAQUESS MEMBER 2.00
Director
$0 $0 $0
JOEL SHAPRIO MEMBER 2.00
Director
$0 $0 $0
GERRY LUITING MEMBER 2.00
Director
$0 $0 $0
CHRISTY KINGSMILL MEMBER 2.00
Director
$0 $0 $0
CATHY WILLIAMS MEMBER 2.00
Director
$0 $0 $0
LAUREN EHLERS MEMBER 2.00
Director
$0 $0 $0
CHERYL RUSTON MEMBER 2.00
Director
$0 $0 $0
CHARLIE BUCKLEY MEMBER 2.00
Director
$0 $0 $0
KENNY STUART MEMBER 2.00
Director
$0 $0 $0
MATT OBERHOLTZ MEMBER 2.00
Director
$0 $0 $0
MICHAEL FLYNN MEMBER 2.00
Director
$0 $0 $0
KELLY KOEHLER MEMBER 2.00
Director
$0 $0 $0
DON BUCHER MEMBER 2.00
Director
$0 $0 $0
KAREN MELNIK MEMBER 2.00
Director
$0 $0 $0
DOUG ROBBINS CHAIR 2.00
Officer Director
$0 $0 $0
ROBERT ARCHAMBEAU MEMBER PRESIDENT 2.00
Officer Director
$0 $0 $0
DALE STEVENS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JOEL JOHANNINGMEIER SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
NATHAN BOUDREAUX EXECUTIVE DIRECTOR 40.00
Officer
$137,333 $14,744 $152,077
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 No data No data No data No data
2023 $1,758,827 $1,703,590 $1,666,895 $55,237
2022 $2,264,962 $1,918,337 $1,605,370 $346,625
2021 $1,825,367 $1,449,922 $1,442,821 $375,445
2020 $1,394,152 $1,394,796 $1,181,082 $-644
2019 $1,802,421 $1,912,851 $975,890 $-110,430
2018 $1,750,803 $1,872,742 $992,386 $-121,939
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