SHADOW ON THE WATER INC

EIN: 882395850 501(c)(3) Religion

SOUTH BEND, IN

Total Revenue
$339,012
Total Expenses
$340,449
Total Assets
$96,733
Net Assets
$88,575
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
IN
Principal Officer
MICHAEL NOLAN
Phone
5743359952
Tax Period
2023-01-01 to 2023-12-31

SHADOW ON THE WATER INC, founded in 2022, is a small nonprofit in the Religion sector that reported $339K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT, INSTRUCT AND MENTOR RELIGIOUS COMMUNITIES VIA INTERACTIVE EVENTS INCLUDING ONLINE PODCASTS FOR DEEPER INTIMACY WITH JESUS THROUGH PRAYER AND PROPHETIC MINISTRY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $339,012
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $339,012

Expense Breakdown

Grants Paid $0
Salaries & Benefits $246,768
Fundraising Expenses $0
Program Expenses $250,341
Other Expenses $93,681
TOTAL EXPENSES $340,449

Year-over-Year Comparison

2023 2022 Change
Revenue $339,012 $238,967 +0.4%
Expenses $340,449 $143,763 +1.4%
Net Income $-1,437 $95,204 -1.0%
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

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Governance

Voting Members
3
Independent Members
1
Employees
5
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
2
$160,000
Total Directors
1
$100,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL NOLAN PRESIDENT 40.00
Officer Director
$100,000 $0 $100,000
LAURA RUBENZER OFFICER 40.00
Officer
$60,000 $0 $60,000
MARY TARSHA BOARD MEMBER 40.00
$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
2024 No data No data No data No data
2023 $339,012 $340,449 $96,733 $-1,437
2022 $238,967 $143,763 $99,541 $95,204
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