BIG WAVES INC

EIN: 611913895 501(c)(3) Recreation & Sports

BROOMFIELD, CO

Total Revenue
$200,181
Total Expenses
$99,308
Total Assets
$591,137
Net Assets
$589,436
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CO
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.

Program Service Accomplishments

Program 1
Expenses: $70,525

THIS YEAR BIG WAVES ENTERS THE HOLIDAY SEASON WITH MILESTONES TO BOTH CELEBRATE AND REFLECT UPON. THIS DECEMBER MARKS OUR 6TH YEAR AS AN ORGANIZATION WHICH WE CELEBRATE. THE DETERMINATION AND...

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THIS YEAR BIG WAVES ENTERS THE HOLIDAY SEASON WITH MILESTONES TO BOTH CELEBRATE AND REFLECT UPON. THIS DECEMBER MARKS OUR 6TH YEAR AS AN ORGANIZATION WHICH WE CELEBRATE. THE DETERMINATION AND PERSEVERANCE OF OUR BOARD MEMBERS AND VOLUNTEERS WARMS MY HEART IN A WAY THAT CANNOT BE EXPLAINED. WITH YOUR SUPPORT BIG WAVES CONTINUES TO PUSH FORWARD AND STRENGTHEN THE COMMUNITIES IT SERVES WITH HOPES OF HELPING POEPLE IN TIMES OF NEED. WE CONTINUE TO EXPAND EXISTING PROGRAMS AND MAKE STRIDES IN THE DEVELOPMENT OF NEW PROGRAMS. HERE ARE JUST SOME OF OUR ACCOMPLISHMENTS FROM 2024: FOUR COMMUNITY BLOOD DRIVES THAT GENERATED 113 UNITS OF BLOOD HELPING AS MANY AS 196 PEOPLE. AWARDED 35,000 IN SCHOLARSHIPS TO SIX STUDENT RECIPIENTS TOWARDS SECONDARY EDUCATION. SUPPORTED YOUTH WATER POLO PROGRAMMING IN COLORADO WITH EQUIPMENT AND VOLUNTEER HOURS. FUNDED YOUTH GUN SAFETY TRAINING CLASSES EDUCATING 60+ YOUTH BOTH IN NEW JERSEY. SUPPORTED SAFE GUN STORAGE ORGANIZATIONS WITH GUN LOCKS AND LITERATURE. SHIPPED 500+ FREE GUN LOCKS TO RESPONSIBLE GUN OWNERS ACROSS THE COUNTY. DONATED 300 GUN LOCKS TO ORGANIZATIONS, EDUCATORS, AND MEDICAL PROVIDERS ACROSS THE COUNTRY. VOLUNTEERED 100'S OF HOURS SUPPORTING COLORADO HIGH SCHOOL YOUTH. AS I PUT THESE NUMBERS ON PAPER, I AM BLOWN AWAY WITH THE PROGRESS WE HAVE MADE IN OUR FIRST 6 YEARS. ALL OF THIS WAS DONE ON A 100% VOLUNTEER BASIS. OUR OVERHEAD IS APPROXIMATELY 8% OF OUR BUDGET WHICH MEANS THAT NEARLY ALL OF THE MONEY RAISED GOES BACK INTO THE COMMUNITY WITH THE INTENTION OF SUPPORTING ITS YOUTH AND SAVING LIVES. IN THE COMING YEAR WE WILL CONTINUE SUPPORTING YOUTH THROUGH SPORT AND EXPANDED MENTAL HEALTH PROGRAMMING. OUR COMMITTED SUPPORT TO COLORADO HIGH SCHOOL YOUTH SPORTS THROUGH WATER POLO HAS HAD A MAJOR IMPACT, INCLUDING THE FIRST ALL GIRLS SPRING LEAGUE SET FOR 2025. PLEASE KEEP US IN MIND AS 2024 COMES TO A CLOSE AND YOU ARE CONSIDERING MAKING DONATIONS OR CONTRIBUTIONS. WE ARE A CERTIFIED NONPROFIT 501(C)3 ORGANIZATION AND ALL DONATIONS MADE QUALIFY AS TAX DEDUCTIBLE CONTRIBUTIONS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
50

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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