Balsam Lake Water Ski Show Team Inc

Nonprofit profile at a glance

EIN
800856343
IRS 990-EZ coverage
2013–2023
Forms available
Form 990-EZ 2023
Location
Balsam Lake, WI, USA
Phone
9525488101
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Swimming & Other Water Recreation

Reported finances

Revenue
$10,785
Expenses
$11,728
Assets
$40,875

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • GRANT ROBINSON II (PRESIDENT/TR)

People named in this filing

  • GRANT ROBINSON II (PRESIDENT/TR)
  • JOHN GISEL (SECRETARY)
  • ERIKA ROBINSON (VICE PRESIDE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The balsam lake ski show team, inc has been organized and operated exclusively for educational purposes as follows: 1. To provide instruction in the sport of water skiing. 2. To provide instruction in the art of show skiing. 3. To give public performances of water ski shows. 4. To sponsor special events involving the public performance of any of the first three listed items. 5. To directly engage in and to provide facilities and equipment for others to engage in the promotion of water skiing and show skiing generally.

What it reported doing in 2023

Provided instruction in the sport of water skiing and the art of show skiing. Also gave public performances of water ski shows and sponsored special events involving public performance of water ski shows, including providing facilities and equipment to others to engage in the sport.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 45
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -8.7%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 3.49; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 1.7% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: -7.5% per year; rating input score 0; 30th percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 33rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $12K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2013 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.