THIRD WAVE VOLUNTEERS INC (EIN 823731839) - 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

ALISON THOMPSON

Tax Period

2023-01-01 to 2023-12-31

THIRD WAVE VOLUNTEERS INC, founded in 2018, is a community nonprofit in the Diseases & Disorders sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

THIRD WAVE VOLUNTEERS ARE A FIRST RESPONDER NON-PROFIT RESPONDING TO NATURAL AND MAN-MADE DISASTERS WITH MEDICAL AND NON-MEDICAL VOLUNTEERS IN UNDERSERVED COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,649,532

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,649,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,164

Fundraising Expenses $0

Program Expenses $3,728,573

Other Expenses $3,744,228

TOTAL EXPENSES $3,770,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,649,532	$2,530,334	+0.4%
Expenses	$3,770,392	$2,431,974	+0.6%
Net Income	$-120,860	$98,360	-2.2%

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

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

$24,090

Total Directors

$24,090

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISON THOMPSON	PRESIDENT	40.00	Officer Director	$24,090	$0	$24,090
JUAN PADRO	DIRECTOR	20.00	Director	$0	$0	$0
MELINDA ROY	DIRECTOR	20.00	Director	$0	$0	$0
JAMES BRAZIL	DIRECTOR	20.00	Director	$0	$0	$0
LUCIANA PAVEN	DIRECTOR	20.00	Director	$0	$0	$0
MARK GREEN	DIRECTOR	20.00	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	$3,649,532	$3,770,392	$26,090	$-120,860
2023	$3,649,532	$3,770,392	$26,090	$-120,860
2022	$2,530,334	$2,431,974	$146,793	$98,360
2021	$1,158,461	$1,172,934	$48,114	$-14,473
2020	$900,130	$861,388	$62,587	$38,742
2019	$3,850,017	$3,804,017	$68,973	$46,000

THIRD WAVE VOLUNTEERS INC