WAVE CREST ACADEMY INC

EIN: 871236053 501(c)(3) Education

Melbourne, FL

Total Revenue
$577,774
Total Expenses
$584,998
Total Assets
$99,410
Net Assets
$65,404
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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
2021
Legal Domicile
FL
Principal Officer
Brandy Arraji
Phone
3217953458
Tax Period
2024-01-01 to 2024-12-31

WAVE CREST ACADEMY INC, founded in 2021, is a small nonprofit in the Education sector that reported $578K in total revenue in fiscal year 2024.

Mission

Were a non-profit school that helps students of all abilities, including Gifted, ASD & ADD kids from families

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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 $19,114
Program Service Revenue $557,631
Investment Income $0
Other Revenue $1,029
TOTAL REVENUE $577,774

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $584,998
Other Expenses $584,998
TOTAL EXPENSES $584,998

Year-over-Year Comparison

2024 2023 Change
Revenue $577,774 N/A N/A
Expenses $584,998 N/A N/A
Net Income $-7,224 N/A N/A
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
2
Independent Members
2
Employees
N/A
Volunteers
2

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
None None N/A
$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 $577,774 $584,998 $99,410 $-7,224
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