SOUND IMPACT (EIN 463299087) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

Michael Sapienza

Phone

7035687392

Tax Period

2023-01-01 to 2023-12-31

SOUND IMPACT, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $241K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum.

Mission

Empower youth through music education programs, musical training and concerts

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $181,266

Program Service Revenue $59,509

Investment Income $0

Other Revenue $0

TOTAL REVENUE $240,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,296

Fundraising Expenses $51,552

Program Expenses $162,975

Other Expenses $97,073

TOTAL EXPENSES $242,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,775	$165,870	+0.5%
Expenses	$242,369	$145,559	+0.7%
Net Income	$-1,594	$20,311	-1.1%

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

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

$63,025

Total Directors

$4,181

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chase Maggiano	Chairman	5.00	Officer	$0	$0	$0
Jerome Gordon	Vice Chair	7.00	Officer	$2,086	$0	$2,086
Danielle Cho	Treasurer then Director	30.00	Officer	$27,994	$0	$27,994
Tiffany Richardson	Secretary	30.00	Officer	$32,945	$0	$32,945
Michael Sapienza	Director then Treasurer	5.00	Director	$0	$0	$0
Wanda Baez	Director	5.00	Director	$0	$0	$0
Keisha Johnstone	Director	8.00	Director	$4,181	$0	$4,181

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
2024	No data	No data	No data	No data
2023	$240,775	$242,369	$82,546	$-1,594

SOUND IMPACT