BLACK FRET DBA SONIC GUILD (EIN 460576111) - 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

2012

Legal Domicile

Principal Officer

COLIN KENDRICK

Phone

5126569312

Tax Period

2023-01-01 to 2023-12-31

BLACK FRET DBA SONIC GUILD, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 6% surplus.

Mission

SONIC GUILD BUILDS COMMUNITIES TO SUPPORT THE CREATION AND PERFORMANCE OF EXTRAORDINARY NEW MUSIC.

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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 $1,796,136

Program Service Revenue $370,187

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,166,323

Expense Breakdown

Grants Paid $280,000

Salaries & Benefits $646,080

Fundraising Expenses $178,759

Program Expenses $1,359,155

Other Expenses $1,105,777

TOTAL EXPENSES $2,031,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,166,323	$1,993,547	+0.1%
Expenses	$2,031,857	$2,032,447	0.0%
Net Income	$134,466	$-38,900	-4.5%

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

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

$204,000

Total Directors

$204,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN KENDRICK	BOARD CHAIR & PRESIDENT	40.00	Officer Director	$102,000	$0	$102,000
MATTHEW OTT	BOARD VICE-CHAIR & VICE PR	40.00	Officer Director	$102,000	$0	$102,000
MATT MCDONNELL	TREASURER & SECRETARY	2.00	Officer Director	$0	$0	$0
FAY WELLS	BOARD MEMBER	2.00	Director	$0	$0	$0
TRACIE VERLINDE	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$2,166,323	$2,031,857	$796,958	$134,466
2022	$1,993,547	$2,032,447	$650,764	$-38,900
2021	$1,735,350	$1,386,745	$793,318	$348,605
2020	$1,215,649	$1,198,460	$429,461	$17,189
2019	$1,179,928	$1,073,066	$396,455	$106,862
2018	$1,003,790	$966,652	$291,957	$37,138

BLACK FRET DBA SONIC GUILD