USA WATER SKI & WAKE SPORTS FOUNDATION INC

EIN: 941684694 501(c)(3) Arts, Culture & Humanities

CORAL GABLES, FL

Total Revenue
$200,618
Total Expenses
$104,144
Total Assets
$1,501,231
Net Assets
$1,501,231
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
FL
Principal Officer
DENNIS LONGO
Phone
3055823700
Tax Period
2025-01-01 to 2025-12-31

USA WATER SKI & WAKE SPORTS FOUNDATION INC, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $201K in total revenue in fiscal year 2025. The organization ran a surplus of $96K, a strong 48% operating margin.

Mission

TO ENCOURAGE AND EDUCATE THE PUBLIC ABOUT THE HISTORY AND SAFETY OF WATER SPORTS.TO PROMOTE EDUCATION THROUGH SCHOLARSHIPS AND GRANTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $138,505
Program Service Revenue $0
Investment Income $60,836
Other Revenue $1,277
TOTAL REVENUE $200,618

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $73,417
Other Expenses $104,144
TOTAL EXPENSES $104,144

Year-over-Year Comparison

2025 2024 Change
Revenue $200,618 $-231,567 -1.9%
Expenses $104,144 $119,401 -0.1%
Net Income $96,474 $-350,968 -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
25
Independent Members
25
Employees
N/A
Volunteers
33

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
5
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETSY ANDERSON-GILMAN TRUSTEE 0.00
Director
$0 $0 $0
MIKE AVILA TRUSTEE 0.00
Director
$0 $0 $0
DON BUCHER TRUSTEE 0.00
Director
$0 $0 $0
JEFF CLARK TRUSTEE 0.00
Director
$0 $0 $0
JOHN CORNISH TRUSTEE 0.00
Director
$0 $0 $0
MIKE DEHLINGER TRUSTEE 0.00
Director
$0 $0 $0
FRANK HARRISON TRUSTEE 0.00
Director
$0 $0 $0
ED HICKEY TRUSTEE 0.00
Director
$0 $0 $0
JODY JOHNSON TRUSTEE 0.00
Director
$0 $0 $0
MIKE KIRSHENBAUM TRUSTEE 0.00
Director
$0 $0 $0
LORI KRUEGER-COVINGTON TRUSTEE 0.00
Director
$0 $0 $0
TERRI LARSON-JONES TRUSTEE 0.00
Director
$0 $0 $0
KIM LASKOFF TRUSTEE 0.00
Director
$0 $0 $0
RACHEL MORMAND TRUSTEE 0.00
Director
$0 $0 $0
ROGER OLSON TRUSTEE 0.00
Director
$0 $0 $0
MARY PELTO TRUSTEE 0.00
Director
$0 $0 $0
LANCE RENFROW TRUSTEE 0.00
Director
$0 $0 $0
ZANE SCHWENK TRUSTEE 0.00
Director
$0 $0 $0
GLEN SPERRY TRUSTEE 0.00
Director
$0 $0 $0
KYLE TATE TRUSTEE 0.00
Director
$0 $0 $0
CRAIG TIMM TRUSTEE 0.00
Director
$0 $0 $0
TIM HUSTON VICE PRESIDENT 0.00
Officer
$0 $0 $0
DENNIS LONGO TREASURER 0.00
Officer
$0 $0 $0
KERRY MORGAN SECRETARY 0.00
Officer
$0 $0 $0
MARK OVERBYE CHAIRMAN 0.00
Officer
$0 $0 $0
BRENDA NICHOLS TATE PRESIDENT 0.00
Officer
$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 $200,618 $104,144 $1,501,231 $96,474
2024 $-231,567 $119,401 $1,404,757 $-350,968
2023 $278,214 $174,980 $2,671,365 $103,234
2022 $140,132 $180,407 $2,689,670 $-40,275
2021 $349,862 $184,256 $2,927,026 $165,606
2020 $269,033 $330,453 $2,866,274 $-61,420
2018 $558,432 $433,653 $2,747,173 $124,779
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