Just One Wave Inc

Nonprofit profile at a glance

EIN
923052503
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
Cardiff, CA, USA
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Mental Health Association

Reported finances

Revenue
$30,421
Expenses
$15,437
Assets
$15,758

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • Fred Walke (Board Chairman)
  • Mary Callan (Board Secretary and Treasurer)
  • Audreyanna McIntyre (Board Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Just One Waves primary exempt purpose is to support technology innovation in mental health research and to help the underprivileged access cutting-edge mental and cognitive health treatment that they otherwise might not be able to afford.

What it reported doing in 2025

During 2025 Just One Wave provided financial assistance to offset mental health treatment costs for underprivileged patients. Patients applied for support and documented financial need including confirmation from a mental health professional or proof of eligibility for public assistance. Just One Wave identified an appropriate partner clinic near each patient connected the patient with the clinic for clinical evaluation and once the clinic determined that treatment was medically appropriate negotiated reduced treatment rates. The organization then paid the partner clinic directly to partially or fully cover the cost of treatment based on the patients ability to pay. In 2025 Just One Wave paid $9,500 in program service expenses to partner clinics supporting treatment for three individuals including at least one child and two veterans.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 100
  • Sustainability: 63
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 31.2%; rating input score 31
  • Program expense ratio: 61.5%; rating input score 62

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 49.3%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 1.02; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: -118.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 181.3% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 31.2% of revenue deployed · 61.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $10K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.