SOUND BODY SOUND MIND FOUNDATION

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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

2005

Legal Domicile

Principal Officer

WILLIAM E SIMON JR

Phone

3102676885

Tax Period

2020-01-01 to 2020-12-31

SOUND BODY SOUND MIND FOUNDATION, founded in 2005, is a micro nonprofit that reported $81K in total revenue in fiscal year 2020. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $381K exceeded revenue, resulting in a 368% operating deficit.

Mission

TO PROMOTE SELF-CONFIDENCE AND HEALTHY LIFESTYLE CHOICES AMONG LOS ANGELES YOUTH.

Program Service Accomplishments

Program 1

Expenses: $326,381

THE FOUNDATION PROVIDES GRANTS OF STATE-OF-THE-ART PHYSICAL FITNESS EQUIPMENT FOR A NEW FITNESS CENTER AT PARTICIPATING LOS ANGELES AREA SCHOOLS. ADDITIONAL FUNDING IS ALSO PROVIDED FOR EQUIPMENT...

THE FOUNDATION PROVIDES GRANTS OF STATE-OF-THE-ART PHYSICAL FITNESS EQUIPMENT FOR A NEW FITNESS CENTER AT PARTICIPATING LOS ANGELES AREA SCHOOLS. ADDITIONAL FUNDING IS ALSO PROVIDED FOR EQUIPMENT MAINTENANCE, PROFESSIONAL DEVELOPMENT FOR PHYSICAL EDUCATION TEACHERS, AND AFTER-SCHOOL SUPERVISION FOR UP TO THREE YEARS. DURING THE 2020 CALENDAR YEAR, THE SOUND BODY SOUND MIND FOUNDATION OPENED FULL FITNESS CENTER PROGRAMS AT 3 NEW SCHOOLS, 2 IN LOS ANGELES UNIFIED AND 1 IN LONG BEACH UNIFIED, FURTHERING OUR REACH IN BOTH DISTRICTS. IN MARCH 2020, ALL SCHOOLS TRANSITIONED TO REMOTE LEARNING DUE TO THE ONSET OF THE COVID-19 PANDEMIC, HALTING ALL DATA COLLECTION EFFORTS AND PROGRAMMING AT OUR SCHOOLS. SBSM BEGAN PROVIDING SCHOOLS A WEEKLY REMOTE LEARNING DIGEST AIMED AT PROVIDING PHYSICAL EDUCATION RESOURCES FOR HOME USE. ADDITIONALLY, SBSM DISTRIBUTED OVER 5,000 HOME PHYSICAL EDUCATION KITS ACROSS LOS ANGELES TO FURTHER ENCOURAGE MOVEMENT AT HOME WHILE SUPPLYING MUCH NEEDED EQUIPMENT. SBSM'S OTHER PRIORITY PROGRAMMING FOCUS WAS THE ENHANCEMENT OF PAST SCHOOL FITNESS CENTERS THROUGH MAINTENANCE AND REPLACEMENT EQUIPMENT. A DOZEN SCHOOLS WERE SUPPORTED THROUGH THIS INITIATIVE. AS THE 2020-2021 SCHOOL YEAR BEGAN, SBSM LAID THE GROUNDWORK TO EXPAND INTO THE GLENDALE UNIFIED SCHOOL DISTRICT OVER THE NEXT TWO ACADEMIC YEARS WITH A TARGET OF 8 NEW FITNESS CENTERS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $81,318

Program Service Revenue $0

Investment Income $109

Other Revenue $0

TOTAL REVENUE $81,427

Expense Breakdown

Grants Paid $256,318

Salaries & Benefits $0

Fundraising Expenses $18,468

Program Expenses $326,381

Other Expenses $124,665

TOTAL EXPENSES $380,983

Year-over-Year Comparison

	2020	2019	Change
Revenue	$81,427	$450,528	-0.8%
Expenses	$380,983	$712,018	-0.5%
Net Income	$-299,556	$-261,490	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM E SIMON JR	CHAIRMAN/DIRECTOR	5.00	Officer Director	$0	$0	$0
CYNTHIA SIMON	PRESIDENT/DIRECTOR	3.00	Officer Director	$0	$0	$0
FRANK E BAXTER	DIRECTOR	0.30	Director	$0	$0	$0
JESSE CASSO	DIRECTOR	0.30	Director	$0	$0	$0
NATHAN NAMBIAR	DIRECTOR	0.30	Director	$0	$0	$0
LANCE T IZUMI	DIRECTOR	0.30	Director	$0	$0	$0
JORDAN L KAPLAN	DIRECTOR	0.30	Director	$0	$0	$0
JOHNESE SPISSO	DIRECTOR	0.30	Director	$0	$0	$0
JEFFREY LIPP	DIRECTOR	0.30	Director	$0	$0	$0
KEITH LEGRO	DIRECTOR	0.30	Director	$0	$0	$0
FRED SIMMONS	DIRECTOR	0.30	Director	$0	$0	$0
HENRY BRANDON	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL T OLIVERI	TREASURER/VICE PRESIDENT	2.00	Officer	$0	$0	$0
MATTHEW FLESOCK	SECRETARY	40.00	Officer	$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
2020	$81,427	$380,983	No data	$-299,556
2019	$450,528	$712,018	$1,526,158	$-261,490
2018	$1,019,241	$611,313	$1,807,406	$407,928