On The Water Inc

Nonprofit profile at a glance

EIN: 352618522
IRS 990-EZ coverage: 2021–2025
Forms available: Form 990-EZ 2025, Form 990-N 2020
Location: Minot, ND, USA
Rating: 76
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Recreation& Sports N.E.C.

Reported finances

Revenue: $68,230
Expenses: $57,862
Assets: $105,121

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

Charles Betts (President)
Scot Streyle (Vice President)

People named in this filing

Charles Betts (President)
Scot Streyle (Vice President)
Ken Tupa (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide outdoor recreational experiences in a peer setting to U.S. military veterans with emphasis on fun and relaxation.

What it reported doing in 2025

Veteran outdoor recreational events - 4 fishing events on Lake Sakakawea, along with several individual days of fishing for veterans. Seasonal veterans cabin on Lake Sakakawea

Operating model

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

Financial Efficiency: 61
Transparency & Controls: 100
Sustainability: 57
Growth: 60

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 57.2%; rating input score 57
Program expense ratio: 67.4%; rating input score 67

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: 15.2%; rating input score 67; 67th percentile among comparable filings
Total-asset coverage ratio: 1.82; rating input score 63; 63rd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: -1.6% per year; rating input score 0; 43rd percentile among comparable filings
Revenue growth: 4.7% per year; rating input score 100; 68th percentile among comparable filings
Asset growth: 26.8% per year; rating input score 100; 88th percentile among comparable filings

Details

Where the money goes: 57.2% of revenue deployed · 67.4% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $39K in reported program spending
Leadership: top reported pay $0 · 7 people listed
Consistency: 6 of 6 current checks pass
Schedules: 3 filed schedules
Filing history: 5 filing years from 2021 to 2025
Contacts: How to reach this organization
Money network: Resolved incoming and outgoing counterparties from filed money flows.
Related organizations: Filed and resolved organization relationships.
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Review — Financial Efficiency: Mission deployment rate scored 57/100.
High — Growth: Program expense growth scored 0/100.
Review — Sustainability: Officer compensation ratio scored 56/100.