Chetek Hydroflites Incorporated
Nonprofit profile at a glance
- EIN
- 391673165
- IRS 990-EZ coverage
- 2010–2025
- Forms available
- Form 990-EZ 2025
- Location
- Chetek, WI, USA
- Phone
- 7156423870
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $64,193
- Expenses
- $61,486
- Assets
- $230,964
- Liabilities
- $26
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- TIM HASELHUHN (PRESIDENT)
People named in this filing
- TRAVIS BOWN (DIRECTOR)
- DAN DECKARD (DIRECTOR)
- RYAN DEWEY (DIRECTOR)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose shall be to engage in any lawful activities authorized by chapter 181; to educate individuals interested in water skiing and such water related activities; to promote water skiing, water safety and good sportsmanship in cheteck, Wisconsin and elsewhere; to serve as an educational, informational and organizational center for water skiers and the general public in chetek, Wisconsin; and to do and preform any act or thing, and exercise any and all powers incidental to these purposes. The organization is organized exlusively for charitable and educational purposes as defined under irc 501(c)(3).
What it reported doing in 2025
Conducted clinics and shows to educate individuals on the appropriate techniques, rules, regulations, and safety involved in the activities of waterskiing and boating.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 58
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.4%; rating input score 94
- Program expense ratio: 98.5%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 4.2%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 3.76; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -0.4% per year; rating input score 0; 46th percentile among comparable filings
- Revenue growth: -1.4% per year; rating input score 0; 44th percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 94.4% of revenue deployed · 98.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $61K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2010 to 2025
- 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: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 52/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.