THE SOUNDS OF SANFORD INC (EIN 455107134) - 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

2003

Legal Domicile

Principal Officer

LILLIAN BARRETT

Phone

9197743108

Tax Period

2021-01-01 to 2021-12-31

THE SOUNDS OF SANFORD INC, founded in 2003, is a micro nonprofit in the Unknown sector that reported $56K in total revenue in fiscal year 2021. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $71K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROMOTE SANFORD, LEE COUNTY AND SURROUNDING AREAS, THE PEOPLE AND BUSINESSES, AND TO GIVE THE COMMUNITY A LOCALLY OPERATED CHRISTIAN FM RADIO STATION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $30,000

Program Service Revenue $25,614

Investment Income $0

Other Revenue $0

TOTAL REVENUE $55,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,434

Fundraising Expenses $0

Program Expenses $69,283

Other Expenses $29,288

TOTAL EXPENSES $70,722

Year-over-Year Comparison

	2021	2020	Change
Revenue	$55,614	$110,978	-0.5%
Expenses	$70,722	$77,948	-0.1%
Net Income	$-15,108	$33,030	-1.5%

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

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

$6,850

Total Directors

$20,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET CHILTON	EMPLOYEE	20.00	Director	$13,650	$0	$13,650
LILLIAN BARRETT	MANAGER	10.00	Officer Director	$6,850	$0	$6,850
TRACY CARTER	DIRECTOR	2.00	Director	$0	$0	$0
TONY CHILTON	DIRECTOR	2.00	Director	$0	$0	$0
JASON MCKINNEY	DIRECTOR	2.00	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
2021	$55,614	$70,722	$149,841	$-15,108
2020	$110,978	$77,948	$112,029	$33,030
2019	$90,879	$73,832	$79,542	$17,047
2018	$48,376	$61,434	$62,758	$-13,058

THE SOUNDS OF SANFORD INC