THE WAVE FOUNDATION

EIN: 843224211 501(c)(3) Environment

PORTLAND, OR

Total Revenue
$775,516
Total Expenses
$852,734
Total Assets
$178,038
Net Assets
$178,038
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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
2020
Legal Domicile
OR
Principal Officer
JUSTIN ZEULNER
Phone
5033071630
Tax Period
2024-01-01 to 2024-12-31

THE WAVE FOUNDATION, founded in 2020, is a small nonprofit in the Environment sector that reported $776K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring.

Mission

THE WAVE FOUNDATION STRENGTHENS COMMUNITY HEALTH, LOCAL ECONOMIES, AND ENVIRONMENTAL SUSTAINABILITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $774,994
Program Service Revenue $0
Investment Income $522
Other Revenue $0
TOTAL REVENUE $775,516

Expense Breakdown

Grants Paid $558,593
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $828,855
Other Expenses $294,141
TOTAL EXPENSES $852,734

Year-over-Year Comparison

2024 2023 Change
Revenue $775,516 $1,441,520 -0.5%
Expenses $852,734 $1,383,654 -0.4%
Net Income $-77,218 $57,866 -2.3%
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
3
Independent Members
2
Employees
N/A
Volunteers
30

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN ZEULNER PRESIDENT 40.00
Officer Director
$0 $0 $0
CARMEN DOUGLASS SECRETARY 5.00
Officer Director
$0 $0 $0
KELLEY MARTIN TREASURER 5.00
Officer 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 $775,516 $852,734 $178,038 $-77,218
2023 $1,441,520 $1,383,654 $255,256 $57,866
2022 $691,815 $694,912 $197,390 $-3,097
2021 $1,071,113 $1,786,042 $200,487 $-714,929
2020 $1,806,654 $891,238 $915,416 $915,416
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