WAVE ENTERPRISES INC

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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

2024-08-01 to 2025-07-31

WAVE ENTERPRISES INC, founded in 1989, is a micro nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 8220% from the prior year — a significant decline worth monitoring.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $6,900

WAVE ENTERPRISES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. AS SUCH, WAVE ENTERPRISES, INC. MANAGES ASSETS, EARNS INCOME, AND PAYS EXPENSES SOLELY FOR THE BENEFIT OF PEPPERDINE...

WAVE ENTERPRISES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. AS SUCH, WAVE ENTERPRISES, INC. MANAGES ASSETS, EARNS INCOME, AND PAYS EXPENSES SOLELY FOR THE BENEFIT 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-2,236,339

Other Revenue $-257,772

TOTAL REVENUE $-2,494,111

Expense Breakdown

Grants Paid $6,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,900

Other Expenses $383,585

TOTAL EXPENSES $390,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-2,494,111	$30,717	-82.2%
Expenses	$390,485	$410,736	0.0%
Net Income	$-2,884,596	$-380,019	+6.6%

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

$2,201,144

Total Directors

$1,781,174

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	$68,421	$458,169
JAMES GASH	DIRECTOR	1.00	Director	$0	$405,190	$1,323,005
DEE ANNA SMITH	EX OFFICIO	1.00	Director	$0	$0	$0
NICOLLE TAYLOR	PRESIDENT	1.00	Officer	$0	$51,461	$461,094
JEFFREY ROHDE	VICE PRESIDENT	1.00	Officer	$0	$76,885	$524,413
FAYE HOLTON	SECRETARY	1.00	Officer	$0	$44,705	$293,230
GREG RAMIREZ	CHIEF FINANCIAL OFFICER/TREASURER	1.00	Officer	$0	$36,961	$464,238

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
2025	$-2,494,111	$390,485	$20,212,007	$-2,884,596
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