WAVE COLLEGE 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

Formation Year

2010

Legal Domicile

Principal Officer

JOSHUA KICKER

Phone

7574016125

Tax Period

2022-07-01 to 2023-06-30

WAVE COLLEGE INC, founded in 2010, is a small nonprofit that reported $200K in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $243K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MISSION OF WAVE LEADERSHIP COLLEGE, AS A EXPERIENCE-RICH, ACADEMICALLY-ADEPT INSTITUTION OF BIBLICAL HIGHER EDUCATION, IS TO EQUIP CHRISTIAN LEADERS TO BUILD THE LOCAL CHURCH AND TRANSFORM THEIR COMMUNITIES FOR THE GLORY OF GOD.

Program Service Accomplishments

Program 1

Expenses: $212,458 Revenue: $100,511

PROVIDING BIBLICAL HIGHER EDUCATION DEDICATED TO TRAINING CHRISTIAN PASTORS AND LEADERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $99,869

Program Service Revenue $100,511

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,380

Expense Breakdown

Grants Paid $2,797

Salaries & Benefits $167,986

Fundraising Expenses $5,551

Program Expenses $212,458

Other Expenses $71,873

TOTAL EXPENSES $242,656

Year-over-Year Comparison

	2022	2021	Change
Revenue	$200,380	$878,283	-0.8%
Expenses	$242,656	$946,458	-0.7%
Net Income	$-42,276	$-68,175	-0.4%

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

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
JOSHUA KICKER	OFFICER/DIRE	10.00	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
2023	$200,380	$242,656	$103,799	$-42,276
2022	$878,283	$946,458	$153,574	$-68,175
2021	$831,964	$801,078	$245,611	$30,886
2020	$777,551	$754,276	$241,229	$23,275
2019	$541,077	$550,006	$167,417	$-8,929