Wave Foundation Inc

EIN: 611325992 501(c)(3) Arts, Culture & Humanities

Newport, KY

Total Revenue
$1,073,039
Total Expenses
$786,775
Total Assets
$3,094,611
Net Assets
$2,951,442
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
KY
Principal Officer
Tricia Watts
Phone
8598151404
Tax Period
2023-01-01 to 2023-12-31

Wave Foundation Inc, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $286K, a strong 27% operating margin.

Mission

WAVE Foundation inspires and fosters environmental stewards of aquatic life through education, conservation, and volunteerism.

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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 (2023)

Revenue Breakdown

Contributions & Grants $770,079
Program Service Revenue $257,850
Investment Income $42,306
Other Revenue $2,804
TOTAL REVENUE $1,073,039

Expense Breakdown

Grants Paid $55,485
Salaries & Benefits $564,101
Fundraising Expenses $80,476
Program Expenses $573,311
Other Expenses $167,189
TOTAL EXPENSES $786,775

Year-over-Year Comparison

2023 2022 Change
Revenue $1,073,039 $981,560 +0.1%
Expenses $786,775 $554,709 +0.4%
Net Income $286,264 $426,851 -0.3%
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

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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
14
Independent Members
14
Employees
N/A
Volunteers
100

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
2
$194,289
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tricia Watts Executive Director 60.00
Officer
$134,349 $17,213 $151,562
Julie Uffman Business Manager 30.00
Officer
$39,828 $2,899 $42,727
Jeff Weisker Chair 1.00
Director
$0 $0 $0
Jacob Purcell Treasurer 1.00
Director
$0 $0 $0
Greg Flasch Vice Chair 1.00
Director
$0 $0 $0
Jennifer Gothard Secretary 1.00
Director
$0 $0 $0
Marcus Laifook Member 1.00
Director
$0 $0 $0
Stepahanie Koch Snyder Member 1.00
Director
$0 $0 $0
Zach Weber Member 1.00
Director
$0 $0 $0
Dudley Taft Lifetime Member 1.00
Director
$0 $0 $0
Kim Snyder Member 1.00
Director
$0 $0 $0
Khalid Kareem Member 1.00
Director
$0 $0 $0
Anthony Serelakis Member 1.00
Director
$0 $0 $0
Yashna Patel Member 1.00
Director
$0 $0 $0
Shayna Nevermann Member 1.00
Director
$0 $0 $0
Tabitha Tolliver 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
2024 No data No data No data No data
2023 $1,073,039 $786,775 $3,094,611 $286,264
2022 $981,560 $554,709 $2,577,013 $426,851
2021 $624,379 $333,388 $2,358,026 $290,991
2020 $497,115 $474,034 $1,952,564 $23,081
2019 $691,411 $566,218 $1,754,834 $125,193
2018 $1,005,609 $652,675 $1,461,564 $352,934
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