RIVERBEND STADIUM AUTHORITY INC

EIN: 843281289 501(c)(3) Recreation & Sports

BELOIT, WI

Total Revenue
$478,763
Total Expenses
$1,382,610
Total Assets
$42,676,677
Net Assets
$37,042,712
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
WI
Principal Officer
BRENT FOX
Phone
6083682260
Tax Period
2023-01-01 to 2023-12-31

RIVERBEND STADIUM AUTHORITY INC, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $479K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 189% operating deficit.

Mission

PART I, LINE 1TO UNDERTAKE CHARITABLE AND EDUCATIONAL ACTIVITIES AND IN PARTICULAR TO LESSEN THE BURDENS OF GOVERNMENT, PROMOTE ECONOMIC DEVELOPMENT IN DEPRESSED OR DECLINING AREAS, AVOID URBAN BLIGHT AND PROMOTE EDUCATIONAL AND CULTURAL PROGRAMS WITHIN SUCH AREAS WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW) AND SUBJECT TO AND WITHIN THE LIMITS OF SUCH PURPOSES, TO OWN AND OPERATE A MULTI-PURPOSE FACILITY THAT WILL BE AVAILABLE TO BE USED FOR, AMONG OTHER ACTIVITIES, MINOR LEAGUE BASEBALL AND COMMUNITY AND YOUTH ATHLETIC, EDUCATIONAL AND CULTURAL EVENTS.

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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 $58,930
Program Service Revenue $382,714
Investment Income $37,119
Other Revenue $0
TOTAL REVENUE $478,763

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,341,256
Other Expenses $1,382,610
TOTAL EXPENSES $1,382,610

Year-over-Year Comparison

2023 2022 Change
Revenue $478,763 $5,094,441 -0.9%
Expenses $1,382,610 $1,557,756 -0.1%
Net Income $-903,847 $3,536,685 -1.3%
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

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Governance

Voting Members
6
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENT FOX CHAIRMAN, PRESIDENT 1.00
Officer Director
$0 $0 $0
KEITH ROZOLIS DIRECTOR, VP AND SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES PACKARD DIRECTOR 1.00
Director
$0 $0 $0
DENNIS CONERTON DIRECTOR, VP AND TREASURER 1.00
Officer Director
$0 $0 $0
TIMOTHY MCKEVETT DIRECTOR 1.00
Director
$0 $0 $0
JOHN GACKSTETTER DIRECTOR 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 $478,763 $1,382,610 $42,676,677 $-903,847
2022 $5,094,441 $1,557,756 $44,460,712 $3,536,685
2021 $16,532,160 $740,729 $41,590,002 $15,791,431
2020 $13,530,250 $22,693 $16,474,002 $13,507,557
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