WAVE ACADEMY (EIN 364690777) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

Elizabeth Berg

Phone

6194530953

Tax Period

2025-01-01 to 2025-12-31

WAVE ACADEMY, founded in 2010, is a small nonprofit in the Education sector that reported $425K in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $603K exceeded revenue, resulting in a 42% operating deficit.

Mission

To support individual wellness and management of complex stress through aquatic therapy.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $384,157

Program Service Revenue $33,773

Investment Income $7,260

Other Revenue $17

TOTAL REVENUE $425,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,070

Fundraising Expenses $119,909

Program Expenses $422,649

Other Expenses $241,354

TOTAL EXPENSES $603,424

Year-over-Year Comparison

	2025	2024	Change
Revenue	$425,207	$615,720	-0.3%
Expenses	$603,424	$638,741	-0.1%
Net Income	$-178,217	$-23,021	+6.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$113,508

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Berg	Executive Director	040.00	Officer	$108,508	$5,000	$113,508
Will Dendy	Treasurer	002.00	Officer Director	$0	$0	$0
Andrew Feaster	Secretary	002.00	Officer Director	$0	$0	$0
Sean Keith	President	002.00	Officer Director	$0	$0	$0
Rob Green	Member	002.00	Director	$0	$0	$0
Danny Carreon	Member	002.00	Director	$0	$0	$0
Justin Earp	Member	002.00	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
2025	$425,207	$603,424	$1,205,103	$-178,217
2024	$615,720	$638,741	$1,554,256	$-23,021
2023	$590,624	$574,592	$1,621,931	$16,032
2022	$819,918	$644,877	$1,662,365	$175,041
2021	$974,644	$374,384	$987,539	$600,260
2020	$306,966	$308,580	$336,166	$-1,614
2019	$413,408	$390,502	$343,093	$22,906
2018	$360,690	$323,644	$314,515	$37,046

WAVE ACADEMY