Wurstfest Assoc of New Braunfels

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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

1964

Legal Domicile

Principal Officer

Sherman Krause

Phone

8306259167

Tax Period

2023-01-01 to 2023-12-31

Wurstfest Assoc of New Braunfels, founded in 1964, is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 29% operating margin.

Mission

To promote trade and commerce, especially through tourism, in New Braunfels, Texas and preserve the communitys heritage

Program Service Accomplishments

Program 1

Expenses: $5,410,006

Hosts an annual 10 day festival to promote local commerce in New Braunfels, Texas and promote its German Heritage. It provides a vehicle for local civic organizations to raise large amounts of money for a wide variety of community projects. Wurstfest is a special event that visitors can attend, enjoy themselves, and leave gratified, knowing that their expenditures will go for worthwhile projects.

Program 2

Expenses: $356,412

Landa Falls is a river recreational facility where the association rents tubes and charges an admission fee to patrons for access to the Comal River on Wurstfest grounds. All of the proceeds are used...

Program 3

Expenses: $25,596

Donations to local charities to promote the interest of trade and commerce in New Braunfels, Texas.

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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 $0

Program Service Revenue $9,541,049

Investment Income $489,190

Other Revenue $49,028

TOTAL REVENUE $10,079,267

Expense Breakdown

Grants Paid $25,596

Salaries & Benefits $2,026,352

Fundraising Expenses $0

Program Expenses $5,792,014

Other Expenses $5,118,793

TOTAL EXPENSES $7,170,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,079,267	$4,746,029	+1.1%
Expenses	$7,170,741	$2,077,073	+2.5%
Net Income	$2,908,526	$2,668,956	+0.1%

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

767

Volunteers

325

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

$240,831

Total Directors

$189,831

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Suzanne Herberline	Executive Dir.	40.00	Officer Director	$185,224	$4,607	$189,831
Christopher Crosby	Property Manager	40.00		$120,014	$14,277	$134,291
Al Leach	Finance Directo	40.00	Officer	$51,000	$0	$51,000
Darren Hill	Vice President	0.00	Officer Director	$0	$0	$0
Marc Allen	Vice President	0.00	Officer Director	$0	$0	$0
John Archer	Director	0.00	Director	$0	$0	$0
Don Austin	Director	0.00	Director	$0	$0	$0
Chris Humphries	Director	0.00	Director	$0	$0	$0
Cesar Castilleja	Director	0.00	Director	$0	$0	$0
Steve Lange	Director	0.00	Director	$0	$0	$0
Michael Hindman	Director	0.00	Director	$0	$0	$0
David Huddleston	Immed Past Pres	0.00	Officer Director	$0	$0	$0
Jason Hurta	Director	0.00	Director	$0	$0	$0
Sherman Krause	President	0.00	Officer Director	$0	$0	$0
Michael Leach	Director	0.00	Director	$0	$0	$0
Dusty Owens	Director	0.00	Director	$0	$0	$0
Miles Granzin	Immed Past Pres	0.00	Officer Director	$0	$0	$0
Frank Suhr	Director	0.00	Director	$0	$0	$0
Keith Wersterfer	Vice President	0.00	Officer Director	$0	$0	$0
Tim Zunker	Director	0.00	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
2024	No data	No data	No data	No data
2023	$10,079,267	$7,170,741	$31,700,415	$2,908,526
2022	$4,746,029	$2,077,073	$29,965,836	$2,668,956
2021	$5,287,079	$855,559	$28,976,733	$4,431,520
2021	$6,316,239	$2,295,803	$28,433,214	$4,020,436
2020	$-68,314	$890,446	$25,185,916	$-958,760
2019	$5,278,851	$1,247,150	$19,268,684	$4,031,701
2018	$3,363,510	$1,167,151	$15,335,167	$2,196,359