SOUNDS OF THE NATIONS

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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

2008

Legal Domicile

Phone

7075802856

Tax Period

2018-01-01 to 2018-12-31

SOUNDS OF THE NATIONS, founded in 2008, is a small nonprofit in the Religion sector that reported $202K in total revenue in fiscal year 2018. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $172K left a modest 15% surplus.

Mission

THE ORGANIZATION IS ESTABLISHED FOR THE PURPOSE OF TRAINING MUSICIANS, SINGERS AND SONGWRITERS TO WRITE AND RECORD ORIGINAL EXPRESSIONS OF WORSHIP IN THEIR OWN SOUND, LANGUAGE AND STYLE. WE TEACH, TRAIN AND EQUIP WITH MATERIALS, MUSICAL EQUIPMENT AND RECORDING GEAR TO IMPACT WORLD CULTURES WITH THE GOSPEL OF JESUS CHRIST.

Program Service Accomplishments

Program 1

Expenses: $166,518

Sounds of the nations continues to train indigenous worship leaders to write and record the authentic ethnic song of the Lord in the sound of the people. Our three major events included: 1...

Sounds of the nations continues to train indigenous worship leaders to write and record the authentic ethnic song of the Lord in the sound of the people. Our three major events included: 1. Establishing an AVID ProTools Training/ Certification Center. We installed 6 computers with ProTools recording software to help our directors and global partners record their ethnic songs of worship. The AVID USER CERTIFICATION will give our partners the ability to record better projects and an edge of credibility in advertising their global studios. 2. AVID TEACHER CERTIFICATION. We paid to train 6 instructors who now can teach and certify people to record their songs of worship. These instructors can train our partners at cost and educate other students for a fee that benefits SOTN. 3. GLOBAL PARTNER GATHERING. We brought SOTN directors from 9 nations for strategic training and commissioning of future SOTN leaders. We also performed a live Christmas Around the World concert which was attended by 500 people and recorded and distributed for donations.

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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 (2018)

Revenue Breakdown

Contributions & Grants $152,463

Program Service Revenue $0

Investment Income $0

Other Revenue $49,353

TOTAL REVENUE $201,816

Expense Breakdown

Grants Paid $28,649

Salaries & Benefits $47,042

Fundraising Expenses $0

Program Expenses $166,518

Other Expenses $96,615

TOTAL EXPENSES $172,306

Year-over-Year Comparison

	2018	2017	Change
Revenue	$201,816	$147,390	+0.4%
Expenses	$172,306	$115,263	+0.5%
Net Income	$29,510	$32,127	-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

N/A

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

$46,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HARRIS	Director	1.00	Director	$0	$0	$0
RAMON SANTOS	Director	1.00	Director	$0	$0	$0
DANIEL MCCOLLAM	President	40.00	Officer	$41,745	$0	$41,745
REGINA McCOLLAM	Secretary/Treas	10.00	Officer	$4,544	$0	$4,544

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
2018	$201,816	$172,306	$139,461	$29,510