SOUND OFF (EIN 464875047) - 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

2015

Legal Domicile

Principal Officer

WILLIAM NEGLEY

Phone

8002274460

Tax Period

2024-01-01 to 2024-12-31

SOUND OFF, founded in 2015, is a community nonprofit in the Public & Societal Benefit sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 181% from the prior year, signaling strong growth momentum. The organization ran a surplus of $913K, a strong 43% operating margin.

Mission

TO PROVIDE MENTAL HEALTH SUPPORT TO VETERANS AND SERVICE MEMBERS IN SUCH A WAY THAT THE 47%+ OF THOSE SUFFERING WHO OTHERWISE REFUSE TO SEEK HELP FEEL CULTURALLY, BUREAUCRATICALLY AND PSYCHOLOGICALLY COMFORTABLE DOING SO. WE ACKNOWLEDGE AND PRECISELY ADDRESS THE WELL KNOWN BARRIERS TO ENTRY (WHICH PREVENT THESE MEN AND WOMEN FROM SEEKING HELP) BY CHANGING SEVERAL ELEMENTS OF THE TRADITIONAL DELIVERY OF SUPPORT, THEREBY BRINGING A SIGNIFICANT POPULATION OF PREVIOUSLY UNSERVED VETERANS AND SERVICE MEMBERS INTO HELP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,150,409

Program Service Revenue $0

Investment Income $0

Other Revenue $-26,122

TOTAL REVENUE $2,124,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $625,467

Fundraising Expenses $202,714

Program Expenses $838,009

Other Expenses $586,264

TOTAL EXPENSES $1,211,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,124,287	$755,315	+1.8%
Expenses	$1,211,731	$1,018,315	+0.2%
Net Income	$912,556	$-263,000	-4.5%

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

664

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

$357,838

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM NEGLEY	CEO	40	Officer	$197,063	$0	$197,063
ELISABETH REED	CHIEF OPERATING OFFICER	40	Officer	$160,775	$0	$160,775
ASHWIN RAJARAM	TREASURER	1	Officer Director	$0	$0	$0
JAMES PATRICK	PRESIDENT	1	Officer Director	$0	$0	$0
PAUL JANES	SECRETARY	1	Officer Director	$0	$0	$0
MICHAEL MORENO	BOARD MEMBER	1	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	$2,124,287	$1,211,731	$1,964,719	$912,556
2023	$755,315	$1,018,315	$947,445	$-263,000
2022	$1,088,349	$779,927	$1,044,288	$308,422
2021	$681,518	$342,137	$756,167	$339,381
2020	$308,299	$356,171	$415,703	$-47,872
2019	$580,209	$366,826	$416,424	$213,383
2018	$284,473	$184,942	$221,258	$99,531

SOUND OFF