PHOENIX, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUNDS ACADEMY, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $882K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.
OUR VISION IS TO PROVIDE MUSIC EDUCATION OPPORTUNITIES TO A WIDE VARIETY OF CHILDREN WHILE REMOVING ANY BARRIERS THAT CHILDREN MAY HAVE IN RECEIVING QUALITY MUSIC EDUCATION.
SOUNDS ACADEMY IS A NON-PROFIT MUSIC EDUCATION ORGANIZATION THAT TEACHES, MENTORS, AND PROVIDES MUSICAL EXPERIENCES AND OPPORTUNITIES FOR UNDERSERVED YOUTH. STUDENTS RECEIVE INDIVIDUAL LESSONS AND...
SOUNDS ACADEMY IS A NON-PROFIT MUSIC EDUCATION ORGANIZATION THAT TEACHES, MENTORS, AND PROVIDES MUSICAL EXPERIENCES AND OPPORTUNITIES FOR UNDERSERVED YOUTH. STUDENTS RECEIVE INDIVIDUAL LESSONS AND GROUP CLASSES ON ALL INSTRUMENTS AND VOICE. INSTRUMENTS ARE PROVIDED TO THOSE WHO CANNOT AFFORD ONE. SOUNDS ACADEMY STUDENTS LEARN THE CHARACTER VALUES OF CREATIVITY, LEADERSHIP, PERSEVERANCE, RESILIENCE, AND TEAMWORK THROUGH MUSIC EDUCATION. WE TEACH THESE VALUES IN OUR MUSICAL ACCESS PROGRAM, WHICH CONNECTS STUDENTS TO LIVE MUSIC AND INSTRUMENTS THROUGH OUR INSTRUMENT PETTING ZOOS, OUR SCHOOL PROGRAMS FOR LOWER INCOME SCHOOLS AND COMMUNITY CENTERS, OUR SOLO PROGRAM, WHICH PROVIDES ONE-ON-ONE INSTRUCTION, AND THE COLLECTIVE ENSEMBLES THAT TEACH MUSIC THEORY AND ENSEMBLE PLAYING TECHNIQUES.
SINCE SEPTEMBER OF 2014, WE HAVE GIVEN OVER 73,000 LESSONS AND CLASSES. OVER 25,000 STUDENTS HAVEBEEN EXPOSED TO LIVE MUSIC AND INSTRUMENTS THROUGH OUR MUSICAL ACCESS PROGRAM. WE HAVE GIVEN...
SINCE SEPTEMBER OF 2014, WE HAVE GIVEN OVER 73,000 LESSONS AND CLASSES. OVER 25,000 STUDENTS HAVEBEEN EXPOSED TO LIVE MUSIC AND INSTRUMENTS THROUGH OUR MUSICAL ACCESS PROGRAM. WE HAVE GIVEN OVER$500,000 IN SCHOLARSHIPS FOR STUDENTS TO PARTICIPATE IN MUSIC EDUCATION PROGRAMS, CAMPS, ANDCOLLEGE. TODAY WE HAVE OVER 400 STUDENTS IN OUR SOLO AND SCHOOL PROGRAMS THAT RECEIVE INSTRUMENTSAND WEEKLY INSTRUCTION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $882,117 | $802,464 | +0.1% |
| Expenses | $899,536 | $714,665 | +0.3% |
| Net Income | $-17,419 | $87,799 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHNSON K | FOUNDER/CEO | 40.00 |
Officer
Director
|
$0 | $0 | $80,997 |
| LARSON M | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BABIC S | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| HALAVAIS J | BOARD CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $882,117 | $899,536 | $444,398 | $-17,419 |
| 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 |
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