WAVES FOR WATER INC (EIN 271319189) - 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

2009

Legal Domicile

Principal Officer

JONATHAN ROSE

Phone

8185363927

Tax Period

2024-01-01 to 2024-12-31

WAVES FOR WATER INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $775K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

To get clean water to every single person who needs it. Waves for Water has initiated the Clean Water Couriers program to bring clean water to catastrophic stricken regions around the world.

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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 $775,093

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $775,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,171

Fundraising Expenses $693

Program Expenses $831,388

Other Expenses $451,851

TOTAL EXPENSES $837,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$775,093	$819,354	-0.1%
Expenses	$837,022	$792,594	+0.1%
Net Income	$-61,929	$26,760	-3.3%

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

Volunteers

300

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

$359,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN ROSE	President	60.00	Officer	$359,100	$0	$359,100
ZEB STEWART	Director	3.00	Director	$0	$0	$0
PATRICIA ARQUETTE	Director	3.00	Director	$0	$0	$0
JORDAN TAPPIS	Director	3.00	Director	$0	$0	$0
GUGA KETZER	Director	3.00	Director	$0	$0	$0
CAREY KOLAJA	Director	3.00	Director	$0	$0	$0
CHRISTIAN TROY	Treasurer	40.00	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	$775,093	$837,022	$409,924	$-61,929
2023	$819,354	$792,594	$473,619	$26,760
2022	$911,206	$934,266	$458,788	$-23,060
2021	$1,009,306	$661,385	$481,875	$347,921
2020	$449,420	$881,877	$253,413	$-432,457
2019	$947,564	$1,461,065	$553,486	$-513,501
2018	$1,635,092	$1,776,191	$1,065,081	$-141,099

WAVES FOR WATER INC