THE VEIL REMOVED (EIN 473966512) - 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

2015

Legal Domicile

Principal Officer

LIL WATERS

Phone

5152026218

Tax Period

2025-01-01 to 2025-12-31

THE VEIL REMOVED, founded in 2015, is a small nonprofit in the Religion sector that reported $154K in total revenue in fiscal year 2025. Revenue surged 590% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 90% operating margin.

Mission

CREATE AND SELL SPIRITUAL FILMS

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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 $153,363

Program Service Revenue $0

Investment Income $821

Other Revenue $0

TOTAL REVENUE $154,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,845

Other Expenses $15,845

TOTAL EXPENSES $15,845

Year-over-Year Comparison

	2025	2024	Change
Revenue	$154,184	$22,353	+5.9%
Expenses	$15,845	$9,863	+0.6%
Net Income	$138,339	$12,490	+10.1%

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

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
LIL WATERS	PRESIDENT	1.00	Director	$0	$0	$0
MATT BISHOP	SECRETARY & VP	1.00	Director	$0	$0	$0
SCOTT PRICKETT	PAST PRESIDENT	1.00	Director	$0	$0	$0
CHRIS MAGRUDER	TREASURER	1.00	Director	$0	$0	$0
PAT FLOERSCH	CFO	1.00	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
2025	$154,184	$15,845	$235,645	$138,339
2024	$22,353	$9,863	$98,224	$12,490
2023	$48,087	$82,290	$84,944	$-34,203
2022	$104,012	$70,932	$119,999	$33,080
2021	$75,385	$50,556	$79,489	$24,829
2020	$55,775	$31,700	$54,660	$24,075
2019	$51,700	$382,296	$30,585	$-330,596
2018	$215,496	$247	$361,181	$215,249

THE VEIL REMOVED