Uncharted Waters (EIN 841369489) - 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

1996

Legal Domicile

Phone

4348413221

Tax Period

2024-10-01 to 2025-09-30

Uncharted Waters, founded in 1996, is a small nonprofit in the Religion sector that reported $367K in total revenue in fiscal year 2024. Expenses of $405K exceeded revenue, resulting in a 10% operating deficit.

Mission

The organization is an equipping ministry that enhances the vision of the church by providing sports-related resources for the effective communication of the Gospel

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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 (2024)

Revenue Breakdown

Contributions & Grants $233,631

Program Service Revenue $133,353

Investment Income $3

Other Revenue $179

TOTAL REVENUE $367,166

Expense Breakdown

Grants Paid $325

Salaries & Benefits $174,694

Fundraising Expenses $10,609

Program Expenses $345,722

Other Expenses $230,480

TOTAL EXPENSES $405,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,166	$373,370	0.0%
Expenses	$405,499	$371,289	+0.1%
Net Income	$-38,333	$2,081	-19.4%

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

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
Mike Hagan	Board Director	1.00	Officer Director	$0	$0	$0
Jeremy Minor	Secretary	1.00	Officer Director	$0	$0	$0
Cory Bradow	President	50.00	Officer Director	$0	$0	$0
Craig Anderson	Treasurer	1.00	Officer Director	$0	$0	$0
Julia Clark	Board Member	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	$367,166	$405,499	$47,289	$-38,333
2024	$373,370	$371,289	$83,993	$2,081
2023	$394,692	$360,601	$82,951	$34,091
2022	$389,931	$349,463	$50,353	$40,468
2021	$438,573	$283,462	$26,469	$155,111
2020	$221,313	$304,578	$8,021	$-83,265
2019	$597,094	$608,527	$40,911	$-11,433
2018	$850,328	$905,068	$52,305	$-54,740

Uncharted Waters