BIG WAVES INC (EIN 611913895) - 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

2018

Legal Domicile

Principal Officer

VAUGHN BIGELOW

Phone

7203930499

Tax Period

2024-01-01 to 2024-12-31

BIG WAVES INC, founded in 2018, is a small nonprofit in the Recreation & Sports sector that reported $200K in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $101K, a strong 50% operating margin.

Mission

OUR MISSION IS TO ENCOURAGE POSITIVE MIND AND BODY HEALTH BY PROVIDING OPPORTUNITY AND OUTLET FOR YOUNG ATHLETES TO PARTICIPATE IN WATER POLO WITH THE INTENTION THAT THIS SPACE CREATES A HEALTHY ENVIRONMENT FOR YOUNG ATHLETES TO FEEL AND PROCESS DIFFERENT EMOTIONS. OUR VISION IS TO PROVIDE A CONSTRUCTIVE OUTLET FOR YOUTH TO OVERCOME DIFFICULT EMOTIONS IN ORDER TO PROCESS THEM IN A HEALTHY WAY. IN DOING THIS,BIG WAVES INTENDS ON FURTHER IMPACTING LEGISLATION AROUND MENTAL HEALTH AND GUN VIOLENCE.

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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 $67,254

Program Service Revenue $0

Investment Income $78,813

Other Revenue $54,114

TOTAL REVENUE $200,181

Expense Breakdown

Grants Paid $63,660

Salaries & Benefits $0

Fundraising Expenses $21,169

Program Expenses $70,525

Other Expenses $35,648

TOTAL EXPENSES $99,308

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,181	$85,609	+1.3%
Expenses	$99,308	$73,051	+0.4%
Net Income	$100,873	$12,558	+7.0%

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

N/A

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
VAUGHN BIGELOW	PRESIDENT/TR	5.00	Officer	$0	$0	$0
JOSEPH PEROTTO	VICE PRESIDE	2.00	Officer	$0	$0	$0
ASHLEY WILKINSON	SECRETARY	2.00	Officer	$0	$0	$0
JOSEPH YOUNGBLOOD III	DIRECTOR	1.00	Director	$0	$0	$0
DR SEAN WHALEN	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTY SCHAEFER	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN HOVEN	DIRECTOR	2.00	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	$200,181	$99,308	$591,137	$100,873
2023	$85,609	$73,051	$489,200	$12,558
2022	$138,269	$68,152	$476,074	$70,117
2021	$165,694	$40,120	$406,182	$125,574
2020	$97,381	$27,270	$281,017	$70,111
2019	$225,073	$14,695	$211,838	$210,378

BIG WAVES INC