SO PERCUSSION INC (EIN 204485651) - 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

2006

Legal Domicile

Principal Officer

TIM THOMAS

Phone

9179090212

Tax Period

2023-07-01 to 2024-06-30

SO PERCUSSION INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $901K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATIONS MISSION IS TO PROMOTE AND FOSTER THE PERFORMING ARTS AND SUSTAIN THE GROWTH AND DEVELOPMENT OF THE PERFORMING ARTS AND TO REPLENISH THE AUDIENCE AND INCREASE THE NUMBER OF PARTICIPANTS IN THE PERFORMING ARTS.

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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 $581,957

Program Service Revenue $283,474

Investment Income $13,656

Other Revenue $21,488

TOTAL REVENUE $900,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,826

Fundraising Expenses $43,769

Program Expenses $685,233

Other Expenses $497,462

TOTAL EXPENSES $965,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$900,575	$889,928	+0.0%
Expenses	$965,288	$930,251	+0.0%
Net Income	$-64,713	$-40,323	+0.6%

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

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

$108,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM THOMAS	EXECUTIVE DIRECTOR	40.00	Officer	$108,000	$0	$108,000
RUSSELL MAKOWSKY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MICHELLE PRESTON	VICE CHAIR AND SECRETARY	2.00	Officer Director	$0	$0	$0
RACHEL ELSON	TREASURER	2.00	Officer Director	$0	$0	$0
ASTRID BAUMGARDNER	BOARD CHAIR EMERITUS	2.00	Officer Director	$0	$0	$0
JAZMIN CORREA	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE KOH STILLMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES FOURNIER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAWN BATSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LANG	BOARD MEMBER	1.00	Director	$0	$0	$0
GRACE ROW	BOARD MEMBER	1.00	Director	$0	$0	$0
DR LARRY SNYDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN GREENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE MACKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
WALTER K BOOKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOON HUR	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$900,575	$965,288	$646,204	$-64,713
2023	$889,928	$930,251	$718,209	$-40,323
2022	$829,016	$667,909	$630,950	$161,107
2021	$589,755	$452,680	$507,595	$137,075
2020	$647,615	$635,055	$350,028	$12,560
2019	$761,685	$747,294	$350,703	$14,391
2018	$720,292	$671,042	$358,140	$49,250

SO PERCUSSION INC