GREENWAVE ORGANIZATION CORP (EIN 475438012) - 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

2014

Legal Domicile

Principal Officer

EMILY STENGEL

Phone

2036800365

Tax Period

2024-07-01 to 2025-06-30

GREENWAVE ORGANIZATION CORP, founded in 2014, is a community nonprofit in the Education sector that reported $9.2M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.6M, a strong 28% operating margin.

Mission

TRAIN AND SUPPORT REGENERATIVE OCEAN FARMERS THROUGH TECHNICAL ASSISTANCE, CREATION OF FARMER-FORWARD SEED PRODUCTION AND PROCESS SOLUTIONS, AND DRIVING INDUSTRY SCALE THROUGH MARKET DEVELOPMENT.

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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 $8,873,728

Program Service Revenue $0

Investment Income $253,536

Other Revenue $42,933

TOTAL REVENUE $9,170,197

Expense Breakdown

Grants Paid $686,419

Salaries & Benefits $2,814,664

Fundraising Expenses $694,969

Program Expenses $5,333,697

Other Expenses $3,060,540

TOTAL EXPENSES $6,561,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,170,197	$7,667,756	+0.2%
Expenses	$6,561,623	$5,411,634	+0.2%
Net Income	$2,608,574	$2,256,122	+0.2%

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

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

$409,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN SIMONS	CHAIR AND TREASURER	0.50	Officer Director	$0	$0	$0
CURT ELLIS	DIRECTOR	0.25	Director	$0	$0	$0
LISA HOLMES	SECRETARY	0.25	Officer Director	$0	$0	$0
AYANA JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
MORGAN DIXON	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN IRBY	DIRECTOR	0.25	Director	$0	$0	$0
TRAVIS FORGUES	DIRECTOR	0.25	Director	$0	$0	$0
BRENDAN SMITH	CO-EXECUTIVE DIRECTOR	40.00	Officer	$168,138	$32,277	$200,415
EMILY STENGEL	CO-EXECUTIVE DIRECTOR	40.00	Officer	$176,054	$32,897	$208,951

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	$9,170,197	$6,561,623	$14,124,225	$2,608,574
2024	No data	No data	No data	No data
2023	$6,996,296	$5,197,908	$8,672,214	$1,798,388
2022	$6,204,839	$2,763,614	$6,369,033	$3,441,225
2021	$3,430,392	$1,917,843	$2,963,935	$1,512,549
2020	$1,750,449	$1,105,266	$1,434,609	$645,183
2019	$708,114	$899,706	$653,005	$-191,592
2018	$949,037	$403,293	$826,780	$545,744

GREENWAVE ORGANIZATION CORP