ALL HANDS BOATWORKS 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

2013

Legal Domicile

Principal Officer

BILL NIMKE

Phone

4144048213

Tax Period

2023-01-01 to 2023-12-31

ALL HANDS BOATWORKS INC, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $434K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $415K left a modest 4% surplus.

Mission

All Hands Boatworks exists to educate and empower Milwaukees disadvantaged youth (ages 10-21) using wooden boatbuilding learning and on-water activities to build skills, character, goal-setting and resilience.

Program Service Accomplishments

Program 1

Expenses: $283,128 Revenue: $69,535

All Hands Boatworks (AHB) has developed an integrated program design that supports youth development and learning. The first level of program design is STE(A)Mboat Learning. These introductory...

All Hands Boatworks (AHB) has developed an integrated program design that supports youth development and learning. The first level of program design is STE(A)Mboat Learning. These introductory programs focus on student in grades 5-9 at their school sites. AHE brings all the tools, lumber and supplies to conduct hands-on progects at the schools location. These manual arts, project-based programs are especially valued by schools or youth programs that do not have shop or tech-ed resources. AHB has conducted an average of 7-10 traveling STE(A)M Learning programs during each school year. Approximately 75% of participants are identified as economically disadvantaged and 17% have identified special educaion needs.

Program 2

Expenses: $36,144 Revenue: $3,220

The second level of AHBs programs is Real Apprenticeship for Teens (RAFT). During the school year, RAFT includes three eight-week sessions of carpentry skills development through advanced...

The second level of AHBs programs is Real Apprenticeship for Teens (RAFT). During the school year, RAFT includes three eight-week sessions of carpentry skills development through advanced boatbuilding projects. Youth develop technical and job-readiness skills in a safe, structured environment that takes place at AHBs shop. After successfully completing RAFT the students are eligible for a paid, summer internship. RAFT interns work as assistants in AHBs RiverVentures day camps and also community rowing days for the public. Throughout, the emphais is on skills, social-emotional development, and environmental education activities. AHB conducts an average of 4-5 weeklong camps over the summer. In fall of 2020, a new program was piloted as part of the RAFT program design. ApprenticePrep is an immersive, mentored job training and carpentry skills program for young adults, ages 17-22.

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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 $344,787

Program Service Revenue $72,755

Investment Income $13,227

Other Revenue $3,558

TOTAL REVENUE $434,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,289

Fundraising Expenses $26,034

Program Expenses $319,272

Other Expenses $164,971

TOTAL EXPENSES $415,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$434,327	$496,150	-0.1%
Expenses	$415,260	$362,562	+0.1%
Net Income	$19,067	$133,588	-0.9%

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

$56,925

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM NIMKE	EXECUTIVE DIRECTOR	40.00	Officer	$56,925	$0	$56,925
MARK KUEHN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH HUGHES	TREASURER	1.00	Officer Director	$0	$0	$0
MARY HELEN SCHULTE	SECRETARY	1.00	Officer Director	$0	$0	$0
ARACELI AREVALO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BARGREN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BRUMDER	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG GRIFFIE	DIRECTOR	1.00	Director	$0	$0	$0
SEAN KEENAN	DIRECTOR	1.00	Director	$0	$0	$0
LYNN RIX	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
TOM TUTTLE	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE COLEMAN	ROTATED OFF BOARD IN 2023	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
2024	No data	No data	No data	No data
2023	$434,327	$415,260	$825,219	$19,067
2022	$496,150	$362,562	$850,528	$133,588
2021	$331,347	$299,566	$535,870	$31,781
2020	$347,863	$237,835	$492,309	$110,028