WAVE SERVICES INC (EIN 954315778) - 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

Principal Officer

SARA COSENTINO

Phone

3105064000

Tax Period

2023-08-01 to 2024-07-31

WAVE SERVICES INC, founded in 1991, is a mid-sized nonprofit in the Education sector that reported $13.7M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13.7M, a strong 100% operating margin.

Mission

WAVE SERVICES, 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 $13,494,987

Program Service Revenue $0

Investment Income $0

Other Revenue $197,247

TOTAL REVENUE $13,692,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $32,076

TOTAL EXPENSES $32,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,692,234	$20,416,756	-0.3%
Expenses	$32,076	$1,658,372	-1.0%
Net Income	$13,660,158	$18,758,384	-0.3%

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

$3,264,210

Total Directors

$1,632,746

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GASH	DIRECTOR & VICE PRESIDENT	1.00	Officer Director	$0	$407,584	$1,201,549
DANIEL DEWALT	DIRECTOR & VICE PRESIDENT	1.00	Officer Director	$0	$66,421	$431,197
JOHN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
JAY WELKER	CHAIR	1.00	Officer Director	$0	$0	$0
FAYE WILLIAMS CRADDOLPH	DIRECTOR (THRU 09/23)	1.00	Director	$0	$0	$0
SARA COSENTINO	PRESIDENT	1.00	Officer	$0	$84,664	$441,508
JEFFREY ROHDE	SECRETARY	1.00	Officer	$0	$78,755	$480,568
SUSAN CHRISTOPHER	VICE PRESIDENT (AS OF 07/23)	5.00	Officer	$0	$10,867	$197,997
FAYE HOLTON	TREASURER	5.00	Officer	$0	$44,320	$293,041
DIANE CARTER	SENIOR TRUST OFFICER	5.00	Officer	$0	$37,294	$218,350

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	$13,692,234	$32,076	$162,494,218	$13,660,158
2023	$20,416,756	$1,658,372	$151,588,755	$18,758,384
2022	$1,167,234	$6,828,782	$134,331,794	$-5,661,548
2021	$36,251,844	$2,109,896	$157,819,377	$34,141,948
2020	$5,338,126	$1,007,069	$70,472,313	$4,331,057
2019	$506,135	$1,495,763	$57,609,360	$-989,628
2018	$606,544	$11,152,439	$60,864,127	$-10,545,895

WAVE SERVICES INC