CHATTANOOGA, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUNDCORPS INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $406K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $389K left a modest 4% surplus.
WE DEVOTE OUR ENERGIES TO BUILDING LOCAL MUSIC INFRASTRUCTURE AND PROFESSIONAL EXPERTISE THROUGH ONGOING PROGRAMS, EVENTS AND INITIATIVES. THESE EFFORTS WILL TRANSLATE INTO INCREASED OPPORTUNITIES TO EXPERIENCE CHATTANOOGA MUSIC.
THE CHATTANOOGA HIP-HOP SUMMIT - A MUSIC INDUSTRY CONFERENCE DEDICATED TO ACCELERATING THE CAREERS OF CHATTANOOGA HIP-HOP ARTISTS AND MUSIC INDUSTRY PROFESSIONALS THROUGH NETWORKING, PROFESSIONAL...
THE CHATTANOOGA HIP-HOP SUMMIT - A MUSIC INDUSTRY CONFERENCE DEDICATED TO ACCELERATING THE CAREERS OF CHATTANOOGA HIP-HOP ARTISTS AND MUSIC INDUSTRY PROFESSIONALS THROUGH NETWORKING, PROFESSIONAL DEVELOPMENT WORKSHOPS, PANEL SESSIONS, COMMUNITY EVENTS, AND PERFORMANCE OPPORTUNITIES THAT HIGHLIGHT THE WEALTH OF CHATTANOOGA AREA TALENT TO BE CULTIVATED LOCALLY, REGIONALLY, AND BEYOND.IMPACT: 2500 INDIVIDUALS
TN PERSON CENTERED MUSIC PROGRAM - SOUNDCORPS PARTNERED WITH THE TN ARTS COMMISSION TO BECOME THE PRIMARY NONPROFIT ADMINISTRATOR OF THE TN PERSON CENTERED MUSIC PROGRAM, WHICH OFFERS TENNESSEE...
TN PERSON CENTERED MUSIC PROGRAM - SOUNDCORPS PARTNERED WITH THE TN ARTS COMMISSION TO BECOME THE PRIMARY NONPROFIT ADMINISTRATOR OF THE TN PERSON CENTERED MUSIC PROGRAM, WHICH OFFERS TENNESSEE NURSING HOME RESIDENTS, INCLUDING THOSE WITH DEMENTIA AND ALZHEIMER'S, PERSONALIZED MUSIC THROUGH DIGITAL DEVICES TO DELIVER INDIVIDUALIZED PLAYLISTS TO REDUCE MEDICATION USAGE AND ADVERSE BEHAVIORS WHILE IMPROVING QUALITY OF LIFE AND HEALTH OUTCOMES. THE PROGRAM IS OFFERED TO ALL TN NURSING HOMES, WITH APPROXIMATELY 150 PARTICIPATING FACILITIES. THIS PROGRAM HAS ENABLED SOUNDCORPS TO EXPAND WITH THREE NEW STAFF POSITIONS WHICH SPLIT TIME BETWEEN THE TN PERSON CENTERED MUSIC PROGRAM AND OTHER SOUNDCORPS INITIATIVES AND DUTIES.IMPACT: 1,500 ASSISTED LIVING FACILITY RESIDENTS
SOUNDCORPS PROGRAMMING IS DESIGNED TO HELP THE LOCAL MUSIC INDUSTRY PROFESSIONALS BUILD THEIR CAREERS THROUGH TRAINING, RESOURCE DEVELOPMENT, AND NETWORKING. INDIVIDUALS IMPACTED DURING THE 2023...
SOUNDCORPS PROGRAMMING IS DESIGNED TO HELP THE LOCAL MUSIC INDUSTRY PROFESSIONALS BUILD THEIR CAREERS THROUGH TRAINING, RESOURCE DEVELOPMENT, AND NETWORKING. INDIVIDUALS IMPACTED DURING THE 2023 NUMBER AT 18,900. THESE PROGRAMS INCLUDE ONLINE ACTIVITIES, INCLUDING BANDWIDTH, AND EVENTS INCLUDING ROCK'N ROLL DRAFT, ST PADDY'S DAY ON THE PARKWAY, RAIL AND HOPS BREWERS FESTIVAL, NOONTUNES, MAIN X 24 ADULT BIG WHEEL RACE, GEAR SWAP AND SUMMERWEEN. AN ONLINE MUSIC INDUSTRY DIRECTORY IS ALSO AVAILABLE WITH OVER 1,200 PROFILES. NEW YEAR'S EVE CELEBRATION: 8,000 PARTICIPANTSST PADDY'S PARTY IMPACT: 3,000 PARTICIPANTSRAIL & HOPS IMPACT: 1,200 PARTICIPANTSMAIN X 24 IMPACT: 20 MUSICIAN, 20 RACE PARTICIPANTS, 5,000 PARADE ATTENDEES, 350 RACE ATTENDEESSUMMERWEEN IMPACT: 1,200 ATTENDEESMUSIC & BUSINESS SPEAKER SERIES: 700 INDIVIDUALS IMPACTEDRISE CHATTANOOGA BLOCK PARTY: 700 INDIVIDUALS IMPACTEDSOUNDCORPS TRAILER STAGE ACTIVATIONS THROUGHOUT THE COMMUNITY - 3,000 INDIVIDUALS IMPACTED
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $406,388 | $321,294 | +0.3% |
| Expenses | $389,382 | $300,392 | +0.3% |
| Net Income | $17,006 | $20,902 | -0.2% |
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 |
|---|---|---|---|---|---|---|
| STRATTON TINGLE | EXECUTIVE DIRECTOR | 40.00 |
Officer
Director
|
$70,000 | $6,426 | $76,426 |
| STEVE O'NEIL | BOARD CHAIR | 2.12 |
Officer
Director
|
$0 | $0 | $0 |
| REED BOBO | BOARD TREASURER | 0.92 |
Officer
Director
|
$0 | $0 | $0 |
| KRISTY GRAVES | SECRETARY | 0.92 |
Officer
Director
|
$0 | $0 | $0 |
| SAMMY LOWDERMILK | BOARD MEMBER | 0.92 |
Director
|
$0 | $0 | $0 |
| XAVIER COTTO | BOARD MEMBER | 0.92 |
Director
|
$0 | $0 | $0 |
| KEVIN LOVE | BOARD MEMBER | 0.92 |
Director
|
$0 | $0 | $0 |
| CARLA PRITCHARD | BOARD MEMBER | 0.92 |
Director
|
$0 | $0 | $0 |
| LIZ MORIN | BOARD MEMBER | 0.92 |
Director
|
$0 | $0 | $0 |
| RICK BOWERS | BOARD MEMBER | 0.92 |
Director
|
$0 | $0 | $0 |
| JAMAAL HICKS | BOARD MEMBER | 0.92 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $406,388 | $389,382 | $98,202 | $17,006 |
| 2022 | $321,294 | $300,392 | $81,196 | $20,902 |
| 2021 | $225,885 | $253,482 | $60,294 | $-27,597 |
| 2020 | $351,008 | $279,254 | $87,892 | $71,754 |
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