WAVESTARTERS A NON PROFIT CORPORATION (EIN 844960343) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Principal Officer

ANDREW C BRUNSON

Phone

8282755655

Tax Period

2023-01-01 to 2023-12-31

WAVESTARTERS A NON PROFIT CORPORATION is a small nonprofit in the Religion sector that reported $372K in total revenue in fiscal year 2021. The organization ran a surplus of $224K, a strong 60% operating margin.

Mission

ENCOURAGING AND EQUIPPING CHRISTIAN BELIEVERS TO PURSUE INTIMACY WITH GOD SO THAT THEY WILL BE POSITIONED TO RECEIVE THE SPIRITUAL AUTHOIRTY NECESSARY TO START WAVES OF THE HOLY SPIRIT. ADVANCING THE KINGDOM OF JESUS CHRIST IN DEVELOPING NATIONS AND BEYOND BY ENCOURAGING THE LOCAL CHRISTIAN CHURCH THROUGH MOBILIZING, EQUIPPING, AND HELPING MISSION WORKERS GAIN ACCESS TO THOSE IN NEED. PREPARING THE NEXT GENERATION AND THOSE WHO LEAD THEM FOR A DEEPER COMMITMENT AND FAITH IN FOLLOWING JESUS CHRIST IN THE FACE OF PERSECUTION. ADVOCATING FOR RELIGIOUS FREEDOM AND EQUIPPING AND ENCOURAGING THE PERSECUTED CHURCH AROUND THE WORLD.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $299,870

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $299,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,072

Fundraising Expenses $8,657

Program Expenses $246,386

Other Expenses $146,199

TOTAL EXPENSES $281,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,870	$208,754	+0.4%
Expenses	$281,271	$259,638	+0.1%
Net Income	$18,599	$-50,884	-1.4%

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

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

$136,837

Total Directors

$120,709

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW C BRUNSON	EXECUTIVE DI	40.00	Officer Director	$87,787	$32,922	$120,709
NORINE BRUNSON	SECRETARY/TR	40.00	Officer	$16,128	$0	$16,128
JOHN LEE	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD WHITE	DIRECTOR	N/A	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	$299,870	$281,271	$215,800	$18,599
2022	$208,754	$259,638	$194,951	$-50,884
2021	$371,769	$147,537	$235,663	$224,232

WAVESTARTERS A NON PROFIT CORPORATION