WAVE ENTERPRISES INC (EIN 954274572) - 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

1989

Legal Domicile

Principal Officer

NICOLLE TAYLOR

Phone

3105064000

Tax Period

2023-08-01 to 2024-07-31

WAVE ENTERPRISES INC, founded in 1989, is a micro nonprofit in the Education sector that reported $31K in total revenue in fiscal year 2023. Expenses of $411K exceeded revenue, resulting in a 1237% operating deficit.

Mission

WAVE ENTERPRISES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY.

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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 $0

Program Service Revenue $0

Investment Income $156,739

Other Revenue $-126,022

TOTAL REVENUE $30,717

Expense Breakdown

Grants Paid $7,953

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,953

Other Expenses $402,783

TOTAL EXPENSES $410,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,717	$-109,014	-1.3%
Expenses	$410,736	$960,360	-0.6%
Net Income	$-380,019	$-1,069,374	-0.6%

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

N/A

Volunteers

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

$2,031,933

Total Directors

$1,632,746

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL DEWALT	DIRECTOR & VICE PRESIDENT	1.00	Officer Director	$0	$66,421	$431,197
JAMES GASH	DIRECTOR	1.00	Director	$0	$407,584	$1,201,549
DEE ANNA SMITH	EX OFFICIO	1.00	Director	$0	$0	$0
NICOLLE TAYLOR	PRESIDENT	1.00	Officer	$0	$49,666	$406,306
JEFFREY ROHDE	VICE PRESIDENT	1.00	Officer	$0	$78,755	$480,568
FAYE HOLTON	SECRETARY	1.00	Officer	$0	$44,320	$293,041
GREG RAMIREZ	CHIEF FINANCIAL OFFICER/TREASURER	1.00	Officer	$0	$36,892	$420,821

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	$30,717	$410,736	$22,459,235	$-380,019
2023	$-109,014	$960,360	$22,362,756	$-1,069,374
2022	$-459,422	$259,218	$21,848,618	$-718,640
2021	$15,038,830	$6,182,117	$44,595,796	$8,856,713
2020	$6,203,057	$6,422,816	$9,587,325	$-219,759
2019	$47,265	$1,745,307	$10,208,295	$-1,698,042
2018	$936,812	$53,289	$11,112,570	$883,523

WAVE ENTERPRISES INC