THE SONDER PROJECT INC

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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

Ashley Horsley

Phone

8507392143

Tax Period

2024-01-01 to 2024-12-31

THE SONDER PROJECT INC, founded in 2014, is a small nonprofit in the International Affairs sector that reported $619K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

The Sonder Project empowers communities in Burkina Faso and Malawi through high-impact, sustainable development programs focused on clean water, education, and sustainable agriculture, recognizing these as intrinsically linked to lifting individuals, communities, and future generations from poverty.

Program Service Accomplishments

Program 1

Expenses: $197,120 Revenue: $0

Water is Our Right - Clean Water Program - 11 deep-well boreholes drilled and the completion of one solar-powered water distribution system providing dependable clean water for a public, secondary...

Water is Our Right - Clean Water Program - 11 deep-well boreholes drilled and the completion of one solar-powered water distribution system providing dependable clean water for a public, secondary boarding school and its surrounding villages in Malawi. We also rehabilitated an old non-Sonder drilled borehole in Malawi. In total, we provided clean water for 4,980 people and continued sustainability training and maintenance of existing 55 wells.

Program 2

Expenses: $162,712 Revenue: $0

Education is Power - Student Sponsorship Program - 210 students in the '23 - '24 school year provided with the resources and support necessary to stay in school through our programs 4 key pillars...

Education is Power - Student Sponsorship Program - 210 students in the '23 - '24 school year provided with the resources and support necessary to stay in school through our programs 4 key pillars: Sponsorship, Mentorship, Academic Support, and Life Skills Enrichment. We also sponsored our first Education is Power graduate with post-secondary sponsorship. Five of our students successfully completed secondary school.

Program 3

Expenses: $35,526 Revenue: $0

Strengthening Schools - Creating Quality Educational Environments - completed the construction of one school block and latrines for a primary school in Malawi with over 500 registered students in...

Strengthening Schools - Creating Quality Educational Environments - completed the construction of one school block and latrines for a primary school in Malawi with over 500 registered students in partnership with buildOn.

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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 $678,533

Program Service Revenue $0

Investment Income $5,358

Other Revenue $-64,825

TOTAL REVENUE $619,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,153

Fundraising Expenses $71,911

Program Expenses $436,850

Other Expenses $394,960

TOTAL EXPENSES $610,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$619,066	$560,799	+0.1%
Expenses	$610,963	$576,458	+0.1%
Net Income	$8,103	$-15,659	-1.5%

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

N/A

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

$119,054

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Zibelman	CEO	40	Officer	$108,160	$10,894	$119,054
Travis Meyer	Director	1	Director	$0	$0	$0
Missy Shields Rahman	Director	1	Director	$0	$0	$0
Keisha Sprenkle	Director	1	Director	$0	$0	$0
Jacob Watkins	Director	1	Director	$0	$0	$0
Ashley Horsley	President	2	Officer Director	$0	$0	$0
Jason Sprenkle	Treasurer	2	Officer Director	$0	$0	$0
Jeremy Sprenkle	Vice President	1	Officer 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	$619,066	$610,963	$402,036	$8,103
2023	$560,799	$576,458	$402,713	$-15,659
2022	$603,998	$536,013	$410,891	$67,985
2021	$353,651	$348,169	$339,393	$5,482
2020	$307,012	$283,404	$334,628	$23,608
2019	$531,663	$511,064	$312,171	$20,599
2018	$756,445	$494,050	$304,212	$262,395