WAVE AQUATICS (EIN 911386855) - 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

1991

Legal Domicile

Phone

2065502833

Tax Period

2023-09-01 to 2024-08-31

WAVE AQUATICS, founded in 1991, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 6% surplus.

Mission

WAVE PROVIDES A RANGE OF PUBLIC AQUATICS PROGRAMS AND FACILITIES MANAGEMENT SERVICES IN ORDER TO ENHANCE HEALTH, FITNESS, SAFETY, RECREATION, AND QUALITY OF LIFE FOR OUR COMMUNITY.

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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 $30,170

Program Service Revenue $4,074,520

Investment Income $95

Other Revenue $0

TOTAL REVENUE $4,104,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,183,355

Fundraising Expenses $0

Program Expenses $3,534,201

Other Expenses $1,664,489

TOTAL EXPENSES $3,847,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,104,785	$3,426,931	+0.2%
Expenses	$3,847,844	$3,446,173	+0.1%
Net Income	$256,941	$-19,242	-14.4%

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

209

Volunteers

353

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

$139,307

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD WINKLE	Executive Dir.	40.00	Officer	$130,715	$8,592	$139,307
CARI BRUMFIELD	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNA MANGUAL	Secretary	2.00	Officer Director	$0	$0	$0
JULIE SOEDEL	FRMR TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS GEITZ	President	2.00	Officer Director	$0	$0	$0
BO CAO	BOARD MEMBER	2.00	Director	$0	$0	$0
BEN KABAKCI	Treasurer	2.00	Officer Director	$0	$0	$0
MIKE BRICE	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY WASSER	INTERIM EXC DIR	24.00	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	$4,104,785	$3,847,844	$1,058,190	$256,941
2023	$3,426,931	$3,446,173	$842,584	$-19,242
2022	$3,003,058	$2,888,931	$728,556	$114,127
2021	$2,501,805	$2,381,293	$630,453	$120,512
2020	$1,501,870	$1,930,371	$725,593	$-428,501
2019	$2,553,061	$2,414,910	$938,895	$138,151
2018	$2,684,028	$2,488,238	$854,424	$195,790

WAVE AQUATICS