Civic Intelligence

Chetek Hydroflites Incorporated

EIN 39-1673165 • 501(c)3 • Chetek, WI

Profile

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).

PO Box 854Chetek, WI 54728

www.hydroflites.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.05x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

0.24x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

49th percentile

1.2%

Higher net margin than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

44th percentile

-5.3%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-35%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$228,231

Down $17,550 (-7.1%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$228,231

Down $4,416 (-1.9%) from 2023

Revenue

Down

$52,479

Down $2,054 (-3.8%) from 2023

Expenses

Up

$56,895

Up $3,034 (+5.6%) from 2023

Net Income

Down

-$4,416

Down $5,088 (-757%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2010: $62,878Liabilities 2010: $66,979Net Assets 2010: -$4,1012010Assets 2011: $50,339Liabilities 2011: $34,279Net Assets 2011: $16,0602011Assets 2012: $75,242Liabilities 2012: $67,139Net Assets 2012: $8,1032012Assets 2013: $102,390Liabilities 2013: $87,875Net Assets 2013: $14,5152013Assets 2014: $98,394Liabilities 2014: $62,692Net Assets 2014: $35,7022014Assets 2015: $99,348Liabilities 2015: $58,239Net Assets 2015: $41,1092015Assets 2016: $98,410Liabilities 2016: $43,418Net Assets 2016: $54,9922016Assets 2017: $140,131Liabilities 2017: $65,395Net Assets 2017: $74,7362017Assets 2018: $224,836Liabilities 2018: $85,268Net Assets 2018: $139,5682018Assets 2019: $298,725Liabilities 2019: $102,966Net Assets 2019: $195,7592019Assets 2020: $253,927Liabilities 2020: $64,358Net Assets 2020: $189,5692020Assets 2021: $249,527Liabilities 2021: $42,360Net Assets 2021: $207,1672021Assets 2022: $259,607Liabilities 2022: $27,632Net Assets 2022: $231,9752022Assets 2023: $245,781Liabilities 2023: $13,134Net Assets 2023: $232,6472023Assets 2024: $228,231Net Assets 2024: $228,2312024

Highlighted filing

2024

Assets$228,231
Liabilities-
Net Assets$228,231

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $79,384Expenses 2010: $58,708Net Income 2010: $20,6762010Revenue 2011: $76,883Expenses 2011: $61,086Net Income 2011: $15,7972011Revenue 2012: $65,530Expenses 2012: $73,487Net Income 2012: -$7,9572012Revenue 2013: $92,136Expenses 2013: $85,724Net Income 2013: $6,4122013Revenue 2014: $104,839Expenses 2014: $83,652Net Income 2014: $21,1872014Revenue 2015: $86,472Expenses 2015: $81,065Net Income 2015: $5,4072015Revenue 2016: $85,118Expenses 2016: $71,235Net Income 2016: $13,8832016Revenue 2017: $97,603Expenses 2017: $77,859Net Income 2017: $19,7442017Revenue 2018: $139,261Expenses 2018: $74,429Net Income 2018: $64,8322018Revenue 2019: $130,544Expenses 2019: $74,353Net Income 2019: $56,1912019Revenue 2020: $65,267Expenses 2020: $71,457Net Income 2020: -$6,1902020Revenue 2021: $82,357Expenses 2021: $64,759Net Income 2021: $17,5982021Revenue 2022: $83,665Expenses 2022: $58,857Net Income 2022: $24,8082022Revenue 2023: $54,533Expenses 2023: $53,861Net Income 2023: $6722023Revenue 2024: $52,479Expenses 2024: $56,895Net Income 2024: -$4,4162024

Highlighted filing

2024

Revenue$52,479
Expenses$56,895
Net Income-$4,416

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.28$2.28$0.52$0.57$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.46$0.13$2.33$0.55$0.54$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.60$0.28$2.32$0.84$0.59$0.25
2021Detailed filing. Detailed filing data is available for this year.$2.50$0.42$2.07$0.82$0.65$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.54$0.64$1.90$0.65$0.71$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.99$1.03$1.96$1.31$0.74$0.56
2018Detailed filing. Detailed filing data is available for this year.$2.25$0.85$1.40$1.39$0.74$0.65
2017Detailed filing. Detailed filing data is available for this year.$1.40$0.65$0.75$0.98$0.78$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.98$0.43$0.55$0.85$0.71$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.58$0.41$0.86$0.81$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.98$0.63$0.36$1.05$0.84$0.21
2013Detailed filing. Detailed filing data is available for this year.$1.02$0.88$0.15$0.92$0.86$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.67$0.08$0.66$0.73$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.34$0.16$0.77$0.61$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.67$0.04$0.79$0.59$0.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 3, 2025
Return Version
2024v5.0
Gross Receipts
$75,604
Mission and Program 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 chetek, 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 perform any act or thing, and exercise any and all powers incidental to these purposes. The organization is organized exclusively for charitable and educational purposes as defined under irc 501 (c) (3).

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).

Program Services

DescriptionGrantsExpenses
CONDUCTED CLINICS AND SHOWS TO EDUCATE INDIVIDUALS ON THE APPROPRIATE TECHNIQUES, RULES, REGULATIONS, AND SAFETY INVOLVED IN THE ACTIVITIES OF WATERSKIING AND BOATING.-$55,995
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TRAVIS BOWNDirector-$0--
ROSE WARWICKDirector-$0--
DAN DECKARDDirector-$0--
RYAN DEWEYDirector-$0--
JUSTIN BOOKSDirector-$0--
MATT BUCHMANVice Preside-$0--
TIM HASELHUHNPresident-$0--
MATT KLAYDirector-$0--
MEL BOWNTreasurer-$0--
MEGHAN WARWICKSecretary-$0--
RANDY BOOKSDirector-$0--
EMMA HASELHUHMDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ice Fishing Con$17,821$17,821$10,425$7,396
Total Events$17,821$17,821$10,425$7,396
Filing and Contact Details

Filer

Filer Name
Chetek Hydroflites Incorporated
EIN
39-1673165
Phone
7156423870
Address
PO BOX 854, CHETEK, WI 54728

Signing Officer

Name
Mel Bown
Title
Treasurer
Phone
7156423870
Signed
2025-03-03
Discuss with paid preparer
Yes

Preparer

Firm
Carlsonsv Llp
Address
301 KELLER AVE S, AMERY, WI 54001-1283
Preparer
Dirk a Prindle CPA
Phone
7159544995
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Sponsorship income 7,250 other income 436 total 7,686

Form 990-ez, Part I, Line 16

Expenses advertising 1,724 travel 721 interest 553 insurance 4,416 utilities 627 dues & subscriptions 346 other expenses 1,563 office supplies 164 supplies 712 registration fees 16 boat repairs and maintena 965 boat gas 3,087 boat insurance 6,910 show & clinic expense 5,364 team apparel 1,635 facilities and equipment 2,697 non-investment depreciation 15,210 total 46,710

Form 990-ez, Part II, Line 24

283,679 280,679 less accumulated depreciation 240,005 252,215 prepaid expenses 2,857 0 total 46,531 28,464

Form 990-ez, Part II, Line 26

LOANS 13,134 0

Form 990-ez, Part III

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).

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPONSORSHIP INCOME 7,250 OTHER INCOME 436 TOTAL 7,686
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 1,724 TRAVEL 721 INTEREST 553 INSURANCE 4,416 UTILITIES 627 DUES & SUBSCRIPTIONS 346 OTHER EXPENSES 1,563 OFFICE SUPPLIES 164 SUPPLIES 712 REGISTRATION FEES 16 BOAT REPAIRS AND MAINTENA 965 BOAT GAS 3,087 BOAT INSURANCE 6,910 SHOW & CLINIC EXPENSE 5,364 TEAM APPAREL 1,635 FACILITIES AND EQUIPMENT 2,697 NON-INVESTMENT DEPRECIATION 15,210 TOTAL 46,710
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2283,679 280,679 LESS ACCUMULATED DEPRECIATION 240,005 252,215 PREPAID EXPENSES 2,857 0 TOTAL 46,531 28,464
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LOANS 13,134 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
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ReturnHeader/ReturnTs02025-03-15T09:20:42-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
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