Wave Pool Corp (EIN 475054823) - 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

Phone

5136006117

Tax Period

2024-10-01 to 2025-09-30

Wave Pool Corp, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $235K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring.

Mission

Wave Pool Contemporary Art Centers purpose is to exhibit, educate, and support artists and help provide services to the community by guest artists, programs, and other events.

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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 $190,975

Program Service Revenue $23,489

Investment Income $0

Other Revenue $20,786

TOTAL REVENUE $235,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,737

Fundraising Expenses $23,346

Program Expenses $151,202

Other Expenses $147,143

TOTAL EXPENSES $236,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,250	$403,451	-0.4%
Expenses	$236,880	$505,473	-0.5%
Net Income	$-1,630	$-102,022	-1.0%

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

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
Carrington Broeman	Interim Executive Director	40.00	Officer	$0	$0	$0
Jenna Shaifer	Board Chair	2.00	Officer Director	$0	$0	$0
Lee Bower	Vice Chair and Treasurer	1.00	Officer Director	$0	$0	$0
Geoffrey Cullen	Secretary	1.00	Officer Director	$0	$0	$0
Sara Vance Waddell	Member	1.00	Director	$0	$0	$0
Diane Fishbein	Member	1.00	Director	$0	$0	$0
Michael Mann	Member	1.00	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	$235,250	$236,880	$581,222	$-1,630
2024	$403,451	$505,473	$562,392	$-102,022
2023	$464,015	$605,372	$316,743	$-141,357
2022	No data	No data	No data	No data
2022	$524,272	$627,773	$458,787	$-103,501
2021	$737,630	$472,314	$573,921	$265,316
2020	$413,798	$308,538	$312,724	$105,260
2020	$413,798	$308,538	$312,724	$105,260
2019	$218,299	$212,856	$185,510	$5,443
2018	$232,224	$197,561	$191,255	$34,663

Wave Pool Corp