SOUND START BABIES PROGRAM FOR DEAF AND HARD OF HEARING CHILDREN

EIN: 223473606 501(c)(3) Education

MOUNTAIN LAKES, NJ

Total Revenue
$1,072,175
Total Expenses
$899,978
Total Assets
$758,882
Net Assets
$718,318
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NJ
Principal Officer
LAURA MCKIRDY PHD
Phone
9734063955
Tax Period
2023-09-01 to 2024-08-31

SOUND START BABIES PROGRAM FOR DEAF AND HARD OF HEARING CHILDREN, founded in 1996, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $172K, a strong 16% operating margin.

Mission

Historically, the Sound Start Babies Foundation for Deaf and Hard of Hearing Children, a non-profit corporation conducted charitable and educational activities and sought funding to support infants and children with hearing loss from birth through age three and their families through identification, therapy, and education. Effective July 20, 2020, the Sound Start Babies Foundation for Deaf and Hard of Hearing Children, a 501(c) (3) corporation, took a new name and became the Sound Start Babies Program for Deaf and Hard of Hearing Children (the Program) emphasizing the programmatic portion of their responsibilities. At that time the Program board of dedicated volunteers began to fully manage and administer the early intervention program including payroll and operational activities. A new entity known as the Sound Start Foundation (the Foundation) was created to continue fundraising efforts to provide financial support to the Sound Start Babies Program. The Sound Start Babies Program has

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $583,140
Program Service Revenue $461,775
Investment Income $27,260
Other Revenue $0
TOTAL REVENUE $1,072,175

Expense Breakdown

Grants Paid $0
Salaries & Benefits $730,530
Fundraising Expenses $0
Program Expenses $889,186
Other Expenses $169,448
TOTAL EXPENSES $899,978

Year-over-Year Comparison

2023 2022 Change
Revenue $1,072,175 $777,648 +0.4%
Expenses $899,978 $656,046 +0.4%
Net Income $172,197 $121,602 +0.4%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
18
Volunteers
7

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORRAINE SOLIMINE Program Coordinato 40.00
$106,368 $0 $106,368
ANN RYAN Treasurer 5.00
Officer Director
$0 $0 $0
LINDSEY BOITEL Secretary 5.00
Officer Director
$0 $0 $0
MARGHERITA MOZER Vice President 5.00
Officer Director
$0 $0 $0
MARJORIE SOLOMON Trustee 5.00
Director
$0 $0 $0
THOMAS OLSON ESQ Trustee 5.00
Director
$0 $0 $0
KAITLIN STAHL Trustee 5.00
Director
$0 $0 $0
LAURA MCKIRDY PHD President 5.00
Officer 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 $1,072,175 $899,978 $758,882 $172,197
2023 $777,648 $656,046 $1,130,107 $121,602
2022 $718,340 $563,247 $852,123 $155,093
2021 $224,726 $325,828 $361,123 $-101,102
2020 $300,542 $303,098 $573,205 $-2,556
2019 $439,894 $356,111 $2,512,718 $83,783
2018 $678,134 $363,424 $2,458,824 $314,710
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