SAG-AFTRA & INDUSTRY SOUND RECORDINGS DISTRIBUTION FUND (EIN 367630013) - 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

2013

Legal Domicile

Principal Officer

DAVID WALSH

Phone

8182557980

Tax Period

2023-01-01 to 2023-12-31

SAG-AFTRA & INDUSTRY SOUND RECORDINGS DISTRIBUTION FUND, founded in 2013, is a mid-sized nonprofit in the Community Improvement sector that reported $25.7M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.5M, a strong 29% operating margin.

Mission

Established for the purpose of receiving and distributing payments in accordance with the SAG-AFTRA National Code of Fair Practice for Sound Recordings.

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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 $0

Program Service Revenue $23,553,243

Investment Income $2,175,043

Other Revenue $0

TOTAL REVENUE $25,728,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $18,199,288

TOTAL EXPENSES $18,199,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,728,286	$21,528,760	+0.2%
Expenses	$18,199,288	$20,923,933	-0.1%
Net Income	$7,528,998	$604,827	+11.4%

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

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUNCAN CRABTREE-IRELAND	UNION TRUSTEE/CHAIRMAN	5.0	Officer Director	$0	$0	$0
JANICE PENDARVIS	UNION TRUSTEE	5.0	Director	$0	$0	$0
DAVID WALSH	INDUSTRY TRUSTEE	5.0	Director	$0	$0	$0
TRACIE PARRY	INDUSTRY TRUSTEE	5.0	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	No data	No data	No data	No data
2023	$25,728,286	$18,199,288	$61,674,983	$7,528,998
2022	$21,528,760	$20,923,933	$51,642,461	$604,827
2021	$13,604,136	$19,332,651	$48,142,351	$-5,728,515
2021	$19,619,756	$13,241,454	$51,442,911	$6,378,302
2020	$14,382,620	$8,302,585	$42,666,903	$6,080,035
2019	$12,844,357	$5,640,996	$36,463,030	$7,203,361
2018	$11,441,082	$379,974	$27,327,400	$11,061,108

SAG-AFTRA & INDUSTRY SOUND RECORDINGS DISTRIBUTION FUND