Songs for Sound Inc (EIN 274519248) - 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

2011

Legal Domicile

Principal Officer

Jaime Motes

Phone

6157391194

Tax Period

2023-01-01 to 2023-12-31

Songs for Sound Inc, founded in 2011, is a small nonprofit in the Human Services sector that reported $159K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

SONGS FOR SOUND IS A FRANKLIN TN BASED 501C3 THAT STRIVES TO PROTECT AND RESTORE HEARING. WE DO THIS THROUGH AWARENESS & OUTREACH CAMPAIGNS SERVING COMMUNITIES AT-LARGE WITH FREE HEARING SCREENINGS AND CARE TEAM GUIDANCE DOMESTIC AND INTERNATIONAL HEARING MISSIONS METRO SCHOOLS SUPPORT.

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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 $158,991

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $158,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,989

Fundraising Expenses $4,182

Program Expenses $161,876

Other Expenses $83,406

TOTAL EXPENSES $170,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$158,991	$178,159	-0.1%
Expenses	$170,395	$227,695	-0.3%
Net Income	$-11,404	$-49,536	-0.8%

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

N/A

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

Total Directors

Key Employees

$32,450

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAIME MOTES-formerly Jaime Vernon	Executive Director	60.00	Key Emp	$32,450	$0	$32,450
Jason Hopper	President of BoardBoard Chair Treasurer	1.00	Director	$0	$0	$0
Nick Myers	Board Chair	1.00	Officer	$0	$0	$0
Stephanie Grear	Board Chair	1.00	Officer	$0	$0	$0
Cassie Erickson	Board Chair	1.00	Officer	$0	$0	$0
Gina Angley	Board Chair	1.00	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
2025	No data	No data	No data	No data
2023	$158,991	$170,395	$162,162	$-11,404
2022	$178,159	$227,695	$55,813	$-49,536
2021	$317,130	$428,510	$23,395	$-111,380
2020	$173,968	$329,145	$64,028	$-155,177
2019	$469,334	$546,292	$46,190	$-76,958
2018	$418,328	$442,882	$57,701	$-24,554

Songs for Sound Inc