TAMPA BAY WAVE INC

EIN: 274779851 501(c)(3) Community Improvement

TAMPA, FL

Total Revenue
$2,553,769
Total Expenses
$2,512,960
Total Assets
$1,548,870
Net Assets
$584,265
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Principal Officer
LINDA OLSON
Phone
8669283066
Tax Period
2024-01-01 to 2024-12-31

TAMPA BAY WAVE INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

TO DRIVE OPPORTUNITY & PROSPERTY IN TAMPA BAY BY HELPING ENTREPRENEURS BUILD, LAUNCH, AND GROW BREAKOUT TECH COMPANIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,545,015
Program Service Revenue $455
Investment Income $1,320
Other Revenue $6,979
TOTAL REVENUE $2,553,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,371,584
Fundraising Expenses $195,393
Program Expenses $1,777,098
Other Expenses $1,141,376
TOTAL EXPENSES $2,512,960

Year-over-Year Comparison

2024 2023 Change
Revenue $2,553,769 $1,902,546 +0.3%
Expenses $2,512,960 $2,078,214 +0.2%
Net Income $40,809 $-175,668 -1.2%
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

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Governance

Voting Members
29
Independent Members
28
Employees
13
Volunteers
354

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
5
$164,055
Total Directors
29
$164,055
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA OLSON PRESIDENT/CEO 40.00
Officer Director
$143,000 $21,055 $164,055
SANTO CANNONE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
ALFRED GOLDBERG VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MADELINE DENT SECRETARY 1.00
Officer Director
$0 $0 $0
CATHERINE WILHELM TREASURER 1.00
Officer Director
$0 $0 $0
LAUREN WEINER DIRECTOR 1.00
Director
$0 $0 $0
ANDREW SMITH DIRECTOR 1.00
Director
$0 $0 $0
DAVID EASON DIRECTOR 1.00
Director
$0 $0 $0
ALEX SINK DIRECTOR 1.00
Director
$0 $0 $0
PENNY PARKS DIRECTOR 1.00
Director
$0 $0 $0
YVETTE SEGURA DIRECTOR 1.00
Director
$0 $0 $0
CHARLOTTE BAKER DIRECTOR 1.00
Director
$0 $0 $0
CATHLEEN RYAN RENEER DIRECTOR 1.00
Director
$0 $0 $0
LANCE RAAB DIRECTOR 1.00
Director
$0 $0 $0
KOSTAS STOILAS DIRECTOR 1.00
Director
$0 $0 $0
BRIAN DEMING DIRECTOR 1.00
Director
$0 $0 $0
MIRAJ PATEL DIRECTOR 1.00
Director
$0 $0 $0
NICHOLAS OUTMAN DIRECTOR 1.00
Director
$0 $0 $0
GREG CELESTAN DIRECTOR 1.00
Director
$0 $0 $0
INGA SCHMITZER DIRECTOR 1.00
Director
$0 $0 $0
KATHY CHIU DIRECTOR 1.00
Director
$0 $0 $0
AMANDA MILLIGAN DIRECTOR 1.00
Director
$0 $0 $0
BRIAN MODEL DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN SHANAHAN DIRECTOR 1.00
Director
$0 $0 $0
KAILAH MATYAS DIRECTOR 1.00
Director
$0 $0 $0
DIANA HAYES DIRECTOR 1.00
Director
$0 $0 $0
ROB BROWN DIRECTOR 1.00
Director
$0 $0 $0
JACK MURRAY DIRECTOR 1.00
Director
$0 $0 $0
MARCUS ADOLFSSON DIRECTOR 1.00
Director
$0 $0 $0
DOLORES GARCIA DIRECTOR OF DEVELOPMENT 40.00
Highest
$128,600 $21,414 $150,014
RICHARD MUNASSI ACCELERATOR MANAGING DIRECTOR 40.00
Highest
$204,217 $24,380 $228,597
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 $2,553,769 $2,512,960 $1,548,870 $40,809
2023 $1,902,546 $2,078,214 $1,899,329 $-175,668
2022 $1,528,826 $1,585,898 $2,088,301 $-57,072
2021 $1,625,044 $1,495,587 $1,054,674 $129,457
2021 $1,625,044 $1,495,587 $1,054,674 $129,457
2020 $1,233,736 $1,102,194 $1,097,900 $131,542
2019 $1,088,072 $1,039,693 $652,064 $48,379
2018 $1,141,084 $1,083,904 $334,751 $57,180
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