SOUNDS ACADEMY (EIN 463932746) - 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

2014

Legal Domicile

Principal Officer

KIRK JOHNSON

Phone

6233494774

Tax Period

2023-08-01 to 2024-07-31

SOUNDS ACADEMY, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $802K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $715K left a modest 11% surplus.

Mission

TO TEACH, MENTOR, AND PROVIDE MUSICAL EXPERIENCES AND OPPORTUNITIES FOR UNDERSERVED YOUTH.

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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 $545,047

Program Service Revenue $188,905

Investment Income $3,299

Other Revenue $65,213

TOTAL REVENUE $802,464

Expense Breakdown

Grants Paid $150,225

Salaries & Benefits $259,634

Fundraising Expenses $90,543

Program Expenses $529,468

Other Expenses $304,806

TOTAL EXPENSES $714,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$802,464	$640,937	+0.3%
Expenses	$714,665	$673,292	+0.1%
Net Income	$87,799	$-32,355	-3.7%

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

$79,510

Total Directors

$79,510

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNSON K	FOUNDER/CEO	40.00	Officer Director	$79,510	$0	$79,510
FISCHER I	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
STOFFLE R	TREASURER	2.00	Officer Director	$0	$0	$0
BABIC S	SECRETARY	2.00	Officer Director	$0	$0	$0
HALAVAIS J	OFFICER	5.00	Officer Director	$0	$0	$0
TONY BELL	MEMBER	2.00	Director	$0	$0	$0
DEVONTE CUMMINGS	MEMBER	2.00	Director	$0	$0	$0
ROBERT DONAT	MEMBER	2.00	Director	$0	$0	$0
HEATHER EYERMAN	MEMBER	2.00	Director	$0	$0	$0
JON FINCH	MEMBER	2.00	Director	$0	$0	$0
VIRGINIA JOHNSON	MEMBER	2.00	Director	$0	$0	$0
ILLYA RISKE	MEMBER	2.00	Director	$0	$0	$0
CHRISTY STRAUCH	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	$802,464	$714,665	$473,680	$87,799
2023	$640,937	$673,292	$383,633	$-32,355
2022	$774,966	$534,939	$396,269	$240,027
2021	$384,848	$347,900	$154,781	$36,948
2020	$326,031	$264,536	$131,348	$61,495
2019	$202,718	$197,298	$53,395	$5,420

SOUNDS ACADEMY