WAVE PROJECT (EIN 831340243) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Todd Gordon

Phone

2488544449

Tax Period

2023-01-01 to 2023-12-31

WAVE PROJECT, founded in 2018, is a small nonprofit in the Human Services sector that reported $228K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

The Corporation has been organized to provide services and basic items to the underserved or people experiencing homelessness in Michigan, and specifically in Macomb, Oakland and Wayne Counties. Our mission: Sharing love by providing mobile showers and essentials to those in need. Our goal is to build relationships.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $225,051

Program Service Revenue $0

Investment Income $3,369

Other Revenue $0

TOTAL REVENUE $228,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,588

Fundraising Expenses $11,056

Program Expenses $193,378

Other Expenses $117,288

TOTAL EXPENSES $236,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,420	$165,497	+0.4%
Expenses	$236,497	$150,799	+0.6%
Net Income	$-8,077	$14,698	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

132

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

$55,325

Total Directors

Key Employees

$20,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura Gordon	Essentials Van Coordinator	25	Officer Highest	$21,525	$0	$21,525
Todd Gordon	Executive Director	30	Officer Key Emp	$20,000	$0	$20,000
Patrick McEachin	Mobile Service Coordinator	16	Officer	$13,800	$0	$13,800
Dr Rocky Pinhero	Chairman	5	Officer Key Emp	$0	$0	$0
Amanda Brey	Secretary	3	Officer	$0	$0	$0
James Asher	Vice Chairman	5	Officer	$0	$0	$0
Tigi Lukose	Treasurer	5	Officer	$0	$0	$0
Steve Perucca	General Member	3	Officer	$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	$228,420	$236,497	$189,901	$-8,077

WAVE PROJECT