DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUND MIND SOUND BODY FOUNDATION, founded in 2015, is a community nonprofit in the Youth Development sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 19% operating deficit.
TO AID INNER CITY YOUTH VIA MENTORING AND VARIOUS YOUTH-ORIENTED PROGRAMS, YOUTH AND ADULT HEALTHY LIVING INITIATIVES, AND YOUTH-ORIENTED COMMUNITY BASED PROGRAMS.
IN 2023, THE SOUND MIND SOUND BODY FOUNDATION SUCCESSFULLY CONDUCTED THE LARGEST OUT-OF-SCHOOL TIME PROGRAM IN METRO DETROIT, REACHING OVER 7,000 STUDENTS. THE PROGRAM FOCUSED ON COLLEGE READINESS...
IN 2023, THE SOUND MIND SOUND BODY FOUNDATION SUCCESSFULLY CONDUCTED THE LARGEST OUT-OF-SCHOOL TIME PROGRAM IN METRO DETROIT, REACHING OVER 7,000 STUDENTS. THE PROGRAM FOCUSED ON COLLEGE READINESS AND INCLUDED A YOUTH SPORTS LEAGUE, A 7V7 TRAVEL TEAM, AND A UNITED STATES READINESS PROGRAM ACROSS TWO SCHOOL DISTRICTS. WE HOSTED EVENTS THAT INCLUDED NATIONAL ATTENDEES AND GOVERNMENT OFFICIALS. SOME OF OUR NOTEWORTHY ACHIEVEMENTS IN 2023 ARE AS FOLLOWS: OVER 100 STUDENTS WHO ATTENDED OUR COLLEGE RECRUITMENT EVENTS EARNED SCHOLARSHIP OFFERS. MORE THAN 800 VOLUNTEERS PROVIDED 300 HOURS OF SERVICE. THE U.S. DEPARTMENT OF EDUCATION TALENT SEARCH PROGRAM EXCEEDED THE NATIONAL ANNUAL PERFORMANCE RATES, INCREASING STUDENT PERSISTENCE RATES, POST-SECONDARY ENROLLMENT, AND RIGOROUS STUDIES. THIS PROGRAM SERVES 500 STUDENTS ANNUALLY. WE COLLECTED OVER 3,000 STUDENT REPORT CARDS IN THE SMSB OST GRADE MONITORING PROGRAM. WE ORGANIZED METRO DETROIT'S LARGEST HIGH SCHOOL PARENT ENRICHMENT SEMINAR, ATTENDED BY OVER 400 PARENTS. ONE HUNDRED SMSB STUDENT-ATHLETES RECEIVED COLLEGE TOUR ACCESS, TUTORING, TRAVEL AND RECRUITMENT EXPOSURE, POSITION TRAINING, AND COLLEGE READINESS COURSES. WE MENTORED OVER 3,600 STUDENTS SUCCESSFULLY. WE PROVIDED OVER 100 FREE BOOKS TO SUPPORT OUR KAPLAN SAT PREP ACADEMY STUDENTS. WE OPERATED THE SOUND MIND SOUND BODY YOUTH LEAGUE CONSISTING OF OVER 3,000 METRO-DETROIT STUDENT-ATHLETES. YOUTH TEAMS WON NATIONAL RECOGNITION. WE COLLABORATED WITH THE FELLOWSHIP OF CHRISTIAN ATHLETES AND 3D INSTITUTE TO OFFER A DEVELOPMENT TRAINING PROGRAM TO OVER 1,000 VOLUNTEERS. WE SERVICED 500 TALENT SEARCH STUDENTS IN THREE SCHOOL DISTRICTS THROUGH FUNDING FROM THE U.S. DEPARTMENT OF EDUCATION. THE MICHIGAN DEPARTMENT OF EDUCATION AWARDED US A 2.4 MILLION OST STATE OF MICHIGAN GRANT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,205,476 | $1,299,294 | -0.1% |
| Expenses | $1,430,631 | $1,334,388 | +0.1% |
| Net Income | $-225,155 | $-35,094 | +5.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DR CECIL FORBES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE FRANKLIN | BOARD MEMBER | 40.00 |
Director
|
$0 | $0 | $0 |
| CURTIS BLACKWELL II | PRESIDENT | 40.00 |
Officer
Director
|
$0 | $0 | $0 |
| TAMONE MARTIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ABDULLAH MUHAMMAD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TURQUOISE NEAL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DR LATOYA THOMPSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANCINE WHU-MUHAMMAD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KEYONTA WILSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $1,205,476 | $1,430,631 | $214,928 | $-225,155 |
| 2022 | $1,299,294 | $1,334,388 | $231,301 | $-35,094 |
| 2022 | $1,271,544 | $1,306,638 | $231,301 | $-35,094 |
| 2021 | $711,384 | $618,233 | $236,452 | $93,151 |
| 2021 | $788,934 | $675,182 | $236,453 | $113,752 |
| 2019 | $222,092 | $214,278 | $22,266 | $7,814 |
| 2018 | $211,927 | $209,844 | $14,452 | $2,083 |
Compare SOUND MIND SOUND BODY FOUNDATION with other nonprofits in Michigan and across the country.