SOUND LANDING INC (EIN 273199928) - 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

2010

Legal Domicile

Principal Officer

FLORA MITCHELL

Tax Period

2022-01-01 to 2022-12-31

SOUND LANDING INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $119K in total revenue in fiscal year 2022. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $191K exceeded revenue, resulting in a 61% operating deficit.

Mission

TO END THE CYCLE OF HOMELESSNESS BY ASSISTING CLIENTS IN OBTAINING APPROPRIATE SERVICES, EMPLOYMENT, AND HOUSING LOWER THE RATE OF RECIDIVISM AMONG OUR CLIENTS INCREASE CLIENT OPPORTUNITY FOR SELF-SUFFICIENCY AND HOUSING STABILITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $119,186

Investment Income $0

Other Revenue $0

TOTAL REVENUE $119,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,631

Fundraising Expenses $0

Program Expenses $183,653

Other Expenses $150,727

TOTAL EXPENSES $191,358

Year-over-Year Comparison

	2022	2021	Change
Revenue	$119,186	$243,539	-0.5%
Expenses	$191,358	$321,030	-0.4%
Net Income	$-72,172	$-77,491	-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

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

$36,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FLORA MITCHELL	EXECUTIVE DIRECTOR	60.00	Officer	$36,000	$0	$36,000

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
2022	$119,186	$191,358	$105,922	$-72,172
2021	$243,539	$321,030	$183,320	$-77,491
2020	$364,028	$458,575	$265,298	$-94,547
2019	$559,157	$446,325	$178,190	$112,832
2018	$661,637	$602,567	$65,358	$59,070

SOUND LANDING INC