BREAD UPON THE WATERS (EIN 273019505) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

MICHAEL P GLAESEMANN

Phone

4092249955

Tax Period

2022-01-01 to 2022-12-31

BREAD UPON THE WATERS, founded in 2010, is a small nonprofit in the International Affairs sector that reported $359K in total revenue in fiscal year 2022. Revenue surged 275% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 17% operating margin.

Mission

BUTW SENDS SUPPORT TO IMPOVERISHED CHRISTIANS IN THE PHILIPPINES. WE ASSIST WITH MEDICAL AID, FUNERAL EXPENSES, HOUSING, BALAKBAYAN BOXES (CARE PACKAGES OF FOOD & CLOTHING), BIBLES, SONG BOOKS, AND OTHER BASIC NEEDS. WE ALSO SUPPORT GOSPEL PREACHERS WHOSE CHURCHES CANNOT SUPPORT THEM AND THEIR FAMILIES. WE ARE CONCERNED INDIVIDUALS SEEKING TO ORGANIZE OUR EFFORTS SO THAT OTHERS CONCERNED MAY JOIN US IN RELIEVING IMPOVERISHED CHRISTIANS IN FOREIGN COUNRIES WHERE POVERTY IS MOST PREVALENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $359,406

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $359,406

Expense Breakdown

Grants Paid $296,953

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $299,866

Other Expenses $2,913

TOTAL EXPENSES $299,866

Year-over-Year Comparison

	2022	2021	Change
Revenue	$359,406	$95,763	+2.8%
Expenses	$299,866	$86,032	+2.5%
Net Income	$59,540	$9,731	+5.1%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL P GLAESEMANN	PRESIDENT	2.00	Officer Director	$0	$0	$0
SARAH E GLAESEMANN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DONNA GLAESEMANN	TREASURER/SE	6.00	Officer Director	$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
2022	$359,406	$299,866	$81,013	$59,540
2021	$253,605	$245,484	$21,473	$8,121
2020	$229,730	$231,368	$13,352	$-1,638

BREAD UPON THE WATERS