OPERATION SONG INC (EIN 465442758) - 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

MIKE BYER

Phone

8449677664

Tax Period

2024-01-01 to 2024-12-31

OPERATION SONG INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $463K in total revenue in fiscal year 2024. Expenses of $817K exceeded revenue, resulting in a 77% operating deficit.

Mission

TO EMPOWER VETERANS AND ACTIVE DUTY MILITARY TO TELL THEIR STORIES THROUGH THE PROCESS OF SONGWRITING IN CREATIVE AND THERAPEUTIC SETTINGS.

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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 $414,916

Program Service Revenue $4,931

Investment Income $0

Other Revenue $43,081

TOTAL REVENUE $462,928

Expense Breakdown

Grants Paid $12,651

Salaries & Benefits $287,922

Fundraising Expenses $0

Program Expenses $757,020

Other Expenses $516,639

TOTAL EXPENSES $817,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,928	$456,425	+0.0%
Expenses	$817,212	$484,798	+0.7%
Net Income	$-354,284	$-28,373	+11.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB LEONARD	CHAIR	4.00	Officer Director	$0	$0	$0
DENNIS BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SISTAD	DIRECTOR	1.00	Director	$0	$0	$0
JOE FORTE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN DOHERTY	DIRECTOR	1.00	Director	$0	$0	$0
JASON ROSE	DIRECTOR	1.00	Director	$0	$0	$0
STORME WARREN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF RICE	TREASURER	4.00	Officer Director	$0	$0	$0
ANDY SALE	DIRECTOR	1.00	Director	$0	$0	$0
MATT KINZER	DIRECTOR	1.00	Director	$0	$0	$0
DR KRISTINA SEYMOUR	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BLAIR SCHOESSEL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER VEDRAL-BARON	DIRECTOR	1.00	Director	$0	$0	$0
GREG MCKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN JONES	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BYER	CURRENT EXECUTIVE DIRECTOR - FORMER	40.00		$60,641	$0	$60,641

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	$462,928	$817,212	$43,115	$-354,284
2023	$456,425	$484,798	$392,011	$-28,373
2022	$417,857	$273,870	$418,051	$143,987
2021	$206,654	$199,609	$268,086	$7,045
2020	$251,230	$124,027	$263,708	$127,203
2019	$225,931	$165,778	$133,287	$60,153
2018	$177,295	$146,828	$73,834	$30,467

OPERATION SONG INC