RICE LAKE AQUATICS AND RECREATIONAL CENTER INC

EIN: 852376718 501(c)(3) Recreation & Sports

RICE LAKE, WI

Total Revenue
$506,638
Total Expenses
$6,734
Total Assets
$16,288,397
Net Assets
$1,695,922
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
WI
Principal Officer
PATRICK BLACKALLER
Phone
7156512501
Tax Period
2024-01-01 to 2024-12-31

RICE LAKE AQUATICS AND RECREATIONAL CENTER INC, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $507K in total revenue in fiscal year 2024. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $500K, a strong 99% operating margin.

Mission

THE PURPOSE OF SUCH CORPORATION SHALL BE: SOCIAL, LITERARY, EDUCATIONAL, FRATERNAL, BENEVOLENT, CHARITABLE, AND RELIGIOUS OR REFORMATORY PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTENAL REVENUE CODE. TO THE EXTENT CONSISTENT WITH THE ABOVE GENERAL PURPOSES, THE SPECIFIC PURPOSES OF THIS CORPORATION: SHALL BE TO ACQUIRE, CONSTRUCT, OWN, AND OPERATE AN AQUATIC FACILITY AT THE LOWEST SUSTAINABLE COST FOR THE BENEFIT OF THE RESIDENTS OF THE CITY OF RICE LAKE AND THE SURROUNDING AREA. SERVICES MAY INCLUDE SWIMMING LESSONS, HEALTHY LIVING PROGRAMS, AND THE LIKE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $390,132
Program Service Revenue $0
Investment Income $10,238
Other Revenue $106,268
TOTAL REVENUE $506,638

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $6,734
TOTAL EXPENSES $6,734

Year-over-Year Comparison

2024 2023 Change
Revenue $506,638 $159,981 +2.2%
Expenses $6,734 $13,606 -0.5%
Net Income $499,904 $146,375 +2.4%
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
N/A
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
PATRICK BLACKALLER PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK JOHNSON JR VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TYLER WESTPHAL BOARD MEMBER 1.00
Director
$0 $0 $0
STEFANI FIEDLER TREASURER 1.00
Officer Director
$0 $0 $0
LORI ZAHRBOCK BOARD MEMBER 1.00
Director
$0 $0 $0
RANDY DROST BOARD MEMBER 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
2024 $506,638 $6,734 $16,288,397 $499,904
2023 $159,981 $13,606 $3,865,813 $146,375
2022 $462,610 $13,071 $1,049,644 $449,539
2021 $600,180 $75 $600,105 $600,105
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