SONGS OF LOVE FOUNDATION (EIN 113314191) - 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

1996

Legal Domicile

Principal Officer

JOHN BELTZER

Phone

7184414588

Tax Period

2023-01-01 to 2023-12-31

SONGS OF LOVE FOUNDATION, founded in 1996, is a small nonprofit in the Human Services sector that reported $619K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $800K exceeded revenue, resulting in a 29% operating deficit.

Mission

ITS MISSION IS TO BRING JOY AND COMFORT, LAUGHTER AND HEALING TO CHILDREN AND YOUNG ADULTS WHO ARE CHRONICALLY OR TERMINALLY ILL. IT DOES SO THROUGH PERSONALIZED SONGS THAT HONOR THE CHILD. ITS MOTTO IS: THE MEDICINE OF MUSIC.

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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 $500,870

Program Service Revenue $0

Investment Income $145,275

Other Revenue $-27,072

TOTAL REVENUE $619,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $300,044

Fundraising Expenses $66,674

Program Expenses $665,018

Other Expenses $499,496

TOTAL EXPENSES $799,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$619,073	$1,322,181	-0.5%
Expenses	$799,540	$633,107	+0.3%
Net Income	$-180,467	$689,074	-1.3%

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

Volunteers

N/A

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

$165,000

Total Directors

$165,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BELTZER	CEO	40.00	Officer Director	$165,000	$0	$165,000
JEFF BALTIMORE	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD BERARDI	BOARD PRESID	1.00	Officer Director	$0	$0	$0
ANTHONY CARRION	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT CURRAN	BOARD MEMBER	0.50	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$619,073	$799,540	$2,172,048	$-180,467
2022	$1,322,181	$633,107	$2,338,292	$689,074
2021	$546,584	$570,241	$1,668,057	$-23,657
2020	$767,553	$607,512	$1,650,743	$160,041
2019	$1,663,345	$638,910	$1,479,718	$1,024,435
2018	$764,556	$563,453	$463,391	$201,103

SONGS OF LOVE FOUNDATION