STREETWAVES INC (EIN 270264330) - 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

2008

Legal Domicile

Phone

3059019752

Tax Period

2023-01-01 to 2023-12-31

STREETWAVES INC, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $242K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 73% operating margin.

Mission

StreetWaves was founded by Maurice Maui Goodbeer, a Soul Surfer from San Diego, California who has dedicated his life to bringing youth from under-served communities out to the ocean to swim, surf and sail. In 2003 Maui Goodbeer's younger brother Melvyn W. Patterson III was brutally gunned down in an Oceanside, California shopping mall by a 16-year-old gang member. Maui, while delivering his brothers eulogy, made a promise that he would personally do "something" to help youth in need. In 2008 the vision for StreetWaves came to him while out on a lone surf session in Miami Beach. Our 501(c)(3) nonprofit organization offers all of our programs free of charge to youth participants through generous donations, grants and volunteerism. StreetWaves has successfully taught thousands of youth surfing, swimming, boating, maritime career training, and provides an enriching outdoor experience that connects participants with nature, their community at large, and themselves.

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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 $242,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $242,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,000

Fundraising Expenses $0

Program Expenses $190,000

Other Expenses $0

TOTAL EXPENSES $65,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,500	$180,903	+0.3%
Expenses	$65,000	$106,610	-0.4%
Net Income	$177,500	$74,293	+1.4%

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

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
Maurice C Goodbeer	Executive Director	40.00	Key Emp Highest	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$242,500	$65,000	No data	$177,500

STREETWAVES INC