Mat Rats Wrestling Club

EIN: 923387816 501(c)(3) Recreation & Sports

Odebolt, IA

Total Revenue
$54,183
Total Expenses
$30,070
Total Assets
$112,289
Net Assets
$112,289
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
IA
Principal Officer
Jason Wulf
Phone
7128304214
Tax Period
2024-01-01 to 2024-12-31

Mat Rats Wrestling Club, founded in 2023, is a micro nonprofit in the Recreation & Sports sector that reported $54K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 45% operating margin.

Mission

Mat Rats Wrestling Club is organized for the prupose of providing quality oppotunities for youth to excel in the sport of wrestling, including, but not limited to practices, tournaments and camps.

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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 $54,183
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $54,183

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,070
Other Expenses $30,070
TOTAL EXPENSES $30,070

Year-over-Year Comparison

2024 2023 Change
Revenue $54,183 $99,228 -0.5%
Expenses $30,070 $11,052 +1.7%
Net Income $24,113 $88,176 -0.7%
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
4
Independent Members
N/A
Employees
N/A
Volunteers
30

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jason Wulf President 005.00
Officer Director
$0 $0 $0
Colby Hemer Vice President 005.00
Officer Director
$0 $0 $0
Beth Wulf Treasurer 004.00
Officer Director
$0 $0 $0
BriAnne Hemer Secretary 004.00
Officer 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
2025 No data No data No data No data
2024 $54,183 $30,070 $112,289 $24,113
2023 $99,228 $11,052 $88,176 $88,176
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