USA WATER SKI & WAKE SPORTS FOUNDA… - Form 990 Financial Data

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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

1973

Legal Domicile

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.

Program Service Accomplishments

Program 1

Revenue: $49,312

BUILDINGS, DISPLAYS AND MUSEUM WITH HALL OF FAME. OPEN TO THE PUBLIC

Program 2

Expenses: $73,417

SCHOLARSHIPS AND GRANTS

Program 3

N/A

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BETSY ANDERSON-GILMAN	TRUSTEE	Director	$0	$0	$0
MIKE AVILA	TRUSTEE	Director	$0	$0	$0
DON BUCHER	TRUSTEE	Director	$0	$0	$0
JEFF CLARK	TRUSTEE	Director	$0	$0	$0
JOHN CORNISH	TRUSTEE	Director	$0	$0	$0
MIKE DEHLINGER	TRUSTEE	Director	$0	$0	$0
FRANK HARRISON	TRUSTEE	Director	$0	$0	$0
ED HICKEY	TRUSTEE	Director	$0	$0	$0
JODY JOHNSON	TRUSTEE	Director	$0	$0	$0
MIKE KIRSHENBAUM	TRUSTEE	Director	$0	$0	$0
LORI KRUEGER-COVINGTON	TRUSTEE	Director	$0	$0	$0
TERRI LARSON-JONES	TRUSTEE	Director	$0	$0	$0
KIM LASKOFF	TRUSTEE	Director	$0	$0	$0
RACHEL MORMAND	TRUSTEE	Director	$0	$0	$0
ROGER OLSON	TRUSTEE	Director	$0	$0	$0
MARY PELTO	TRUSTEE	Director	$0	$0	$0
LANCE RENFROW	TRUSTEE	Director	$0	$0	$0
ZANE SCHWENK	TRUSTEE	Director	$0	$0	$0
GLEN SPERRY	TRUSTEE	Director	$0	$0	$0
KYLE TATE	TRUSTEE	Director	$0	$0	$0
CRAIG TIMM	TRUSTEE	Director	$0	$0	$0
TIM HUSTON	VICE PRESIDENT	Officer	$0	$0	$0
DENNIS LONGO	TREASURER	Officer	$0	$0	$0
KERRY MORGAN	SECRETARY	Officer	$0	$0	$0
MARK OVERBYE	CHAIRMAN	Officer	$0	$0	$0
BRENDA NICHOLS TATE	PRESIDENT	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

USA WATER SKI & WAKE SPORTS FOUNDATION INC