SONSET SOLUTIONS INC

EIN: 464043025 501(c)(3) Religion

ELKHART, IN

Total Revenue
$2,234,092
Total Expenses
$1,872,010
Total Assets
$3,460,253
Net Assets
$3,330,513
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IN
Principal Officer
DAIVD RUSSELL
Phone
5749704252
Tax Period
2020-01-01 to 2020-12-31

SONSET SOLUTIONS INC, founded in 2013, is a community nonprofit in the Religion sector that reported $2.2M in total revenue in fiscal year 2020. The organization ran a surplus of $362K, a strong 16% operating margin.

Mission

PROVIDING TECHNICAL EQUIPMENT AND RESOURCES, INCLUDING RADIO EQUIPMENT TO VARIOUS CHRISTIAN MISSIONARY ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $1,554,514

THE ACTIVITIES OF SONSET SOLUTIONS, INC. ARE CENTERED ON THE USE OF TRADITIONAL AND EMERGING TECHNOLOGY FOR THE PROPAGATION OF THE CHRISTIAN MESSAGE AND THE STRENGTHENING OF THE CHRISTIAN CHURCH. WE...

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THE ACTIVITIES OF SONSET SOLUTIONS, INC. ARE CENTERED ON THE USE OF TRADITIONAL AND EMERGING TECHNOLOGY FOR THE PROPAGATION OF THE CHRISTIAN MESSAGE AND THE STRENGTHENING OF THE CHRISTIAN CHURCH. WE PROVIDE HIGH QUALITY TECHNOLOGY-BASED EQUIPMENT, SERVICE, CONSULTATION, AND TRAINING TO ORGANIZATIONS WHO SHARE OUR OBJECTIVES. IN 2020 WE ASSISTED 180 MINISTRY ORGANIZATIONS IN 60 COUNTRIES. WE SUPPLIED TRANSMITTERS, ANTENNA SYSTEMS, STUDIO EQUIPMENT, AUTOMATION SOFTWARE AND SHIPPED OVER 8,273 FIXED-TUNED SOLAR-POWER RADIO RECEIVERS FOR COMMUNITY AND REGIONAL RADIO BROADCAST STATIONS. WE DEVELOPED AND DELIVERED 300 SATELLITE-BASED REMOTE MONITORS FOR WATER SYSTEMS THAT HELP ENSURE A DEPENDABLE SUPPLY OF CLEAN WATER IN UNDERPRIVILEGED AREAS OF THE WORLD. THIS CARING FOR HUMAN NEED IS A TANGIBLE DEMONSTRATION OF THE ESSENCE OF THE MESSAGE WE SEEK TO PROPAGATE. IN 2020 WE WELCOMED THE PARTICIPATION OF 3 UNIVERSITY STUDENTS WHO CAUGHT THE VISION AND WORKED ALONGSIDE US IN THESE WORTHY ACTIVITIES. SONSET SOLUTIONS INC. IN ITS 7TH YEAR, CONTINUES THE GOOD WORK IT BEGAN IN 2014.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $2,186,566
Program Service Revenue $0
Investment Income $37,742
Other Revenue $9,784
TOTAL REVENUE $2,234,092

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,547,092
Fundraising Expenses $54,282
Program Expenses $1,554,514
Other Expenses $324,918
TOTAL EXPENSES $1,872,010

Year-over-Year Comparison

2020 2019 Change
Revenue $2,234,092 $2,251,347 0.0%
Expenses $1,872,010 $1,691,503 +0.1%
Net Income $362,082 $559,844 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
22
Volunteers
34

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
7
$248,982
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID WHITE BOARD TREASU 2.00
Officer
$0 $0 $0
MARIAN DOUCE BOARD SECRET 2.00
Officer
$0 $0 $0
PAUL DUCKWORTH BOARD CHAIRM 2.00
Officer
$0 $0 $0
GARY HABEGGER BOARD VICE C 2.00
Officer
$0 $0 $0
JACK HILER BOARD MEMBER 2.00
Director
$0 $0 $0
RAY LABORDE BOARD MEMBER 2.00
Director
$0 $0 $0
TIM STEPHENS BOARD MEMBER 2.00
Director
$0 $0 $0
DAIVD RUSSELL PRESIDENT AN 40.00
Officer
$95,756 $0 $95,756
JONATHAN FIET CHIEF FIN. O 40.00
Officer
$86,316 $0 $86,316
CURTLIN BENDER V.P OPERATIO 40.00
Officer
$66,910 $0 $66,910
SHERI CAMPEAU 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
2020 $2,234,092 $1,872,010 $3,460,253 $362,082
2019 $2,251,347 $1,691,503 $3,085,364 $559,844
2018 $1,874,372 $1,622,622 $2,504,798 $251,750
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