Womens Association of Venture & Eq… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

Helen Quick President

Phone

8559283606

Tax Period

2023-01-01 to 2023-12-31

Womens Association of Venture & Equity Inc, founded in 2004, is a small nonprofit in the Mutual Benefit sector that reported $692K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $664K left a modest 4% surplus.

Mission

Women's Association of Venture and Equity (WAVE) is a nonprofit organization, which was founded in 2003 and is committed to the development and advancement of women in private equity and venture capital.WAVE's mission is to promote a spirit of cooperation and understanding among its members and to create professional opportunities for them by providing a strong network of contacts in the private equity and venture capital industry.

Program Service Accomplishments

Program 1

Expenses: $382,668 Revenue: $605,639

Program service accomplishments include: o The 2023 Career Forum was the seventh annual event. o In 2023, WAVE held 23 educational and networking events in Boston, New York City, Chicago, Los...

Program service accomplishments include: o The 2023 Career Forum was the seventh annual event. o In 2023, WAVE held 23 educational and networking events in Boston, New York City, Chicago, Los Angeles, San Francisco, Miami, and Washington DC. WAVE held 21 virtual educational and networking events throughout the country. o Networking events were hosted by organizations for which expenses were covered by the sponsors and are not reported in Form 990.

Program 2

Expenses: $76,912

Grants to 185 participants to reimburse for travel to the Career Forum in New York City and to the Insight Experience event.

Program 3

Expenses: $57,986 Revenue: $86,585

Two 2023 member golf events at Harborside International Golf Center, Chicago and Mount Kisco Country Club, New York, with over 200 participants in the two events.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $692,224

Investment Income $0

Other Revenue $0

TOTAL REVENUE $692,224

Expense Breakdown

Grants Paid $78,912

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $519,566

Other Expenses $585,519

TOTAL EXPENSES $664,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$692,224	$598,831	+0.2%
Expenses	$664,431	$708,456	-0.1%
Net Income	$27,793	$-109,625	-1.3%

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
Helen Quick	President	2.00	Officer Director	$0	$0	$0
Julie Gionfriddo	Director	1.00	Director	$0	$0	$0
Eileen Neill	VP Membership	1.00	Officer Director	$0	$0	$0
Sarah Camougis	Vice President	2.00	Officer Director	$0	$0	$0
Anna Dayn	VP Finance	2.00	Officer Director	$0	$0	$0
Beth L Steinberg	Director	1.00	Director	$0	$0	$0
Shannon Zoller	MidwestSC Chair	2.00	Officer Director	$0	$0	$0
Yue Bonnet	Director	1.00	Director	$0	$0	$0
Chrissie Pariso	MidWest Chair	2.00	Officer Director	$0	$0	$0
Kathryn Regan	Director	1.00	Director	$0	$0	$0
Sheryl Schwartz	Director	1.00	Director	$0	$0	$0
Tina Sodhi	Director	1.00	Director	$0	$0	$0
Pamela Brylski	SE Chair	2.00	Officer Director	$0	$0	$0
Anna Marie Curran	VP Sponsorship	2.00	Officer Director	$0	$0	$0
Susan A Keller	Director	1.00	Director	$0	$0	$0
Kay Parry	DC Chair	1.00	Officer Director	$0	$0	$0
Julianne Tamasy	Boston Chair	1.00	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
2024	No data	No data	No data	No data
2023	$692,224	$664,431	$189,241	$27,793
2022	$598,831	$708,456	$284,689	$-109,625
2021	$355,533	$358,618	$282,437	$-3,085
2020	$353,655	$329,929	$272,021	$23,726
2019	$590,892	$416,145	$328,059	$174,747
2019	$590,892	$529,801	$214,403	$61,091
2018	$381,439	$337,852	$115,405	$43,587

Womens Association of Venture & Equity Inc