LIGHTS AND SOUNDS COLLECTIVE INC (EIN 471106570) - 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

DANIEL H PARK

Phone

2132781570

Tax Period

2023-01-01 to 2023-12-31

LIGHTS AND SOUNDS COLLECTIVE INC, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 162% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 4% surplus.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO ADDRESS, EDUCATE, COORDINATE AND PROVIDE MUSICAL MENTORSHIP AND DEVELOPMENT FOR THE GREATER GOOD OF THE COMMUNITY. THIS PURPOSE IS ACCOMPLISHED THROUGH THE HOSTING OF OPEN TO THE PUBLIC COMMUNITY EVENTS.

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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 $653

Program Service Revenue $2,818,208

Investment Income $1

Other Revenue $0

TOTAL REVENUE $2,818,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,185

Fundraising Expenses $0

Program Expenses $2,660,607

Other Expenses $2,250,692

TOTAL EXPENSES $2,701,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,818,862	$1,077,314	+1.6%
Expenses	$2,701,877	$940,517	+1.9%
Net Income	$116,985	$136,797	-0.1%

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

$64,000

Total Directors

$64,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GORDEN KAO	FINANCIAL OFFICER	30.00	Officer Director	$0	$0	$0
DANIEL PARK	DIRECTOR	40.00	Officer Director	$64,000	$0	$64,000

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	$2,818,862	$2,701,877	$336,276	$116,985
2022	$1,077,314	$940,517	$244,025	$136,797
2021	$195,723	$211,697	$87,473	$-15,974
2020	$160,523	$138,641	$82,947	$21,882
2019	$392,015	$375,627	$56,088	$16,388
2018	$320,691	$345,639	$39,701	$-24,948

LIGHTS AND SOUNDS COLLECTIVE INC