WAVES OF MERCY INC

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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

Legal Domicile

Phone

2705433700

Tax Period

2024-01-01 to 2024-12-31

WAVES OF MERCY INC is a small nonprofit in the International Affairs sector that reported $645K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Net assets of $1.5M represent 27 months of operating reserves.

Mission

Provide auxilliary support to orphanages in Haiti, education programs and execute a nutritian program available to the public. In addition the organization operates emergency relief programs in Haiti.

Program Service Accomplishments

Program 1

Expenses: $636,511

PROVIDE AUXILLIARY SUPPORT TO HAITIAN ORPHANAGES AND EXECUTE A NUTRITION EDUCATION PROGRAM AVAILABLE TO THE PUBLIC.PROVIDE SERVICES TO SICK DISPLACED MALE YOUTH.PROVIDED AUXILLIARY SUPPORT TO AIDS...

PROVIDE AUXILLIARY SUPPORT TO HAITIAN ORPHANAGES AND EXECUTE A NUTRITION EDUCATION PROGRAM AVAILABLE TO THE PUBLIC.PROVIDE SERVICES TO SICK DISPLACED MALE YOUTH.PROVIDED AUXILLIARY SUPPORT TO AIDS VICTIMS IN HAITI.CONTRIBUTE TO OTHER COLLEGES AND LEARNING CENTERS FOR EDUCATIONAL PURPOSES.PROVIDE EMERGENCY CARE TO EARTHQUAKE VICTIMS IN HAITI.INSTITUTE A BOYS EDUCATION PROGRAM IN HAITI.INSTITUTE CONSTRUCTION PROJECTS IN HAITI FOR HOMELESS.

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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 $645,252

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $645,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,976

Fundraising Expenses $0

Program Expenses $636,511

Other Expenses $495,135

TOTAL EXPENSES $637,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$645,252	$456,016	+0.4%
Expenses	$637,111	$517,792	+0.2%
Net Income	$8,141	$-61,776	-1.1%

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

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
JUDSON CHALKLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN CHALKLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL FIELDEN	Treasurer	1.00	Director	$0	$0	$0
LUANNE FIELDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY OWEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MARSHALL	Vice President	1.00	Director	$0	$0	$0
LARRY OWEN	President	2.00	Officer	$0	$0	$0
DIANA OWEN	BOARD MEMBER	2.00	Officer	$0	$0	$0
DEBORAH MCINTOSH	Treasurer	1.00	Officer	$0	$0	$0
LARRY OWEN	DIRECTOR OF SERVICES	40.00		$0	$0	$0
DIANA OWEN	ASSISTANT	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	$645,252	$637,111	$1,459,225	$8,141
2023	$456,016	$517,792	$1,451,084	$-61,776
2022	$506,755	$324,980	$1,512,860	$181,775
2021	$563,478	$360,575	$1,331,085	$202,903
2020	$430,859	$383,952	$1,128,182	$46,907
2019	$477,000	$332,875	$1,081,275	$144,125
2018	$549,383	$289,703	$937,150	$259,680