Radio Waves of Love Inc

EIN: 650209394 501(c)(3) Religion

Hialeah Gardens, FL

Total Revenue
$766,769
Total Expenses
$523,495
Total Assets
$308,228
Net Assets
$307,294
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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
1999
Legal Domicile
FL
Tax Period
2023-01-01 to 2023-12-31

Radio Waves of Love Inc, founded in 1999, is a small nonprofit in the Religion sector that reported $767K in total revenue in fiscal year 2023. The organization ran a surplus of $243K, a strong 32% operating margin.

Mission

RADIO WAVES OF LOVE, INC. PROVIDES RELIGIOUS AND SPIRITUAL GUIDANCE TO ITS CONSTITUENTS, IT TEACHES THE GOSPEL, SERVING THE COMMUNITY AND ENGAGING IN LAWFUL NOT FOR PROFIT.

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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 $766,769
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $766,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,469
Fundraising Expenses $0
Program Expenses $523,495
Other Expenses $402,026
TOTAL EXPENSES $523,495

Year-over-Year Comparison

2023 2022 Change
Revenue $766,769 $729,032 +0.1%
Expenses $523,495 $723,582 -0.3%
Net Income $243,274 $5,450 +43.6%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
3
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
0
$0
Total Directors
1
$68,769
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OSCAR AGUERO President 30.00
Director
$68,769 $0 $68,769
ROGELIO MARTINEZ TRUSTEE 20.00
$36,400 $0 $36,400
STELLA AGUERO TREASURER 20.00
$16,300 $0 $16,300
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 $766,769 $523,495 $308,228 $243,274
2022 $729,032 $723,582 $74,715 $5,450
2021 $731,078 $653,800 $194,102 $77,278
2020 $668,083 $799,269 $52,896 $-131,186
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