USA WATER SKI & WAKE SPORTS 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

1946

Legal Domicile

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 ALL TOWED WATER SPORTS THROUGH WIDESPREAD RECREATIONAL PARTICIPATION, EDUCATION, PROMOTION AND SUSTAINED WORLDWIDE COMPETITIVE EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $420,992 Revenue: $417,162

SPORT DEVELOPMENT PROGRAMS- TO PROVIDE MATERIALS AND TO ESTABLISH CRITERIA TO MEMBERS FOR WATER SKIER CLINICS FOR BETTER TRAINING AND SAFETY INSTRUCTION AND TO PROVIDE GRASSROOTS MATERIALS &...

SPORT DEVELOPMENT PROGRAMS- TO PROVIDE MATERIALS AND TO ESTABLISH CRITERIA TO MEMBERS FOR WATER SKIER CLINICS FOR BETTER TRAINING AND SAFETY INSTRUCTION AND TO PROVIDE GRASSROOTS MATERIALS & INSTRUCTION TO CERTIFY INSTRUCTORS IN THE DEVELOPMENT OF THE SPORT. GRANTS ARE DISTRIBUTED TO SPORT DISCIPLINES FOR WATER SKIING DEVELOPMENT.

Program 2

Expenses: $551,038 Revenue: $943,683

MEMBERSHIP - PROVIDES MEMBERS ACCESS TO SANCTIONED TOURNAMENTS AND EVENTS, INSTRUCTIONAL ASSISTANCE, AND INSURANCE PROTECTION.

Program 3

Expenses: $180,711 Revenue: $66,466

PUBLICATION - INCLUDES THE PUBLICATION OF A MAGAZINE, THE WATER SKIER, WHICH IS SENT TO ALL MEMBERS AND OTHER PERSONS WITH INTEREST IN THE SPORT, AND NUMEROUS EDUCATIONAL MATERIALS ADDRESSING ALL...

PUBLICATION - INCLUDES THE PUBLICATION OF A MAGAZINE, THE WATER SKIER, WHICH IS SENT TO ALL MEMBERS AND OTHER PERSONS WITH INTEREST IN THE SPORT, AND NUMEROUS EDUCATIONAL MATERIALS ADDRESSING ALL ASPECTS OF WATER SKIING.

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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 $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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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

$152,077

Total Directors

Key Employees

Highest Compensated

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