Waves of Compassion Foundation

Nonprofit profile at a glance

EIN
822256555
IRS 990-EZ coverage
2020–2025
Forms available
Form 990-EZ 2025, Form 990-N 2019
Location
Bodega Bay, CA, USA
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Food Banks, Pantries

Reported finances

Revenue
$149,305
Expenses
$99,250
Assets
$201,377

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

Leadership & pay

8 people listed

Executive titles in this filing

  • Carolyn Connors (President)
  • Lira Filippini (Vice President)
  • Patty Ginochio (Vice President)

People named in this filing

  • Carolyn Connors (President)
  • Lira Filippini (Vice President)
  • Patty Ginochio (Vice President)

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

To support people in need in our community

What it reported doing in 2025

Our organization provides vital assistance to individuals facing financial hardship particularly fishermen by offering small grants for financial support and essential material resources. These grants are designed to help alleviate immediate needs and improve the quality of life for those experiencing economic challenges. Through this initiative we aim to make a tangible impact in the lives of individuals in need fostering resilience and stability within our community. In 2024 we provided support to approximately 25 persons or families.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 100
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.5%; rating input score 63
  • Program expense ratio: 92%; rating input score 92

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 33.5%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 2.03; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 32.1% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 11.2% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 13.1% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 62.5% of revenue deployed · 92% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $91K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.