SOUNDCORPS INC (EIN 464519201) - 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

JONATHAN SUSMAN

Phone

4236052334

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

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.

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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 $399,628

Program Service Revenue $13,019

Investment Income $0

Other Revenue $-6,259

TOTAL REVENUE $406,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,535

Fundraising Expenses $21,409

Program Expenses $302,444

Other Expenses $247,847

TOTAL EXPENSES $389,382

Year-over-Year Comparison

	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%

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

$76,426

Total Directors

$76,426

Key Employees

Highest Compensated

reported

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

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	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

SOUNDCORPS INC