ONE MORE WAVE SURF CORP (EIN 473300674) - 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

2015

Legal Domicile

Principal Officer

ALEX WEST

Phone

6192615095

Tax Period

2023-05-01 to 2024-04-30

ONE MORE WAVE SURF CORP, founded in 2015, is a small nonprofit in the Public & Societal Benefit sector that reported $817K in total revenue in fiscal year 2023. Revenue surged 141% from the prior year, signaling strong growth momentum.

Mission

PROVIDES SURFBOARDS AND/OR SURFING EQUIPMENT TO VETERANS CUSTOMIZED TO THEIR INJURIES, AS WELL AS COMMUNITY SO THEY CAN ACHIEVE SURF THERAPY ON A DAILY BASIS

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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 $817,312

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $817,320

Expense Breakdown

Grants Paid $216,890

Salaries & Benefits $141,845

Fundraising Expenses $0

Program Expenses $789,383

Other Expenses $489,316

TOTAL EXPENSES $848,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$817,320	$339,822	+1.4%
Expenses	$848,051	$422,091	+1.0%
Net Income	$-30,731	$-82,269	-0.6%

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

N/A

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

Total Directors

Key Employees

$104,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX WEST	CHAIRMAN/BOARD MEMBER	1.00	Officer	$0	$0	$0
TED HAASE	DIRECTOR	1.00	Officer	$0	$0	$0
ROB GARRETT	KEY EMPLOYEE	40.00	Key Emp	$104,000	$0	$104,000
ROBIN MILLER	BOARD MEMBER	1.00	Officer	$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	$817,320	$848,051	$110,909	$-30,731
2023	$339,822	$422,091	$130,138	$-82,269
2022	$570,640	$429,900	$219,266	$140,740
2021	$448,129	$566,643	$116,731	$-118,514
2020	$453,064	$496,277	$189,176	$-43,213
2019	$233,867	$356,954	$226,765	$-123,087
2018	$563,998	$259,914	No data	$304,084

ONE MORE WAVE SURF CORP