PARTNERSHIP FOR THE SOUNDS 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

1993

Legal Domicile

Principal Officer

DAVID L CLEGG

Phone

2527961000

Tax Period

2024-07-01 to 2025-06-30

PARTNERSHIP FOR THE SOUNDS INC, founded in 1993, is a small nonprofit in the Environment sector that reported $659K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $923K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROMOTE SUSTAINABLE, COMMUNITY-DRIVEN ECONOMIC WELL-BEING AND STEWARDSHIP IN THE ALBEMARLE-PAMLICO REGION THROUGH ENVIRONMENTAL EDUCATION, AND NATURE-BASED AND CULTUAL TOURISM.

Program Service Accomplishments

Program 1

Expenses: $609,170

FACILITY EXPENSE FOR 3 ENVIRONMENTAL EDUCATION CENTERS AND 1 VISITOR'S CENTER - NC ESTUARIUM, WASHINGTON, NC; COLUMBIA THEATER & TYRRELL COUNTY VISITOR'S CENTER, COLUMBIA, NC AND R/C RIVER CENTER...

FACILITY EXPENSE FOR 3 ENVIRONMENTAL EDUCATION CENTERS AND 1 VISITOR'S CENTER - NC ESTUARIUM, WASHINGTON, NC; COLUMBIA THEATER & TYRRELL COUNTY VISITOR'S CENTER, COLUMBIA, NC AND R/C RIVER CENTER, WINDSOR, NC. FACILITIES SERVE AS FOCAL POINTS FOR ENVIRONMENTAL EDUCATION, TOURISM, AND LOCAL ACTIVITIES IN LOCAL COMMUNITIES AND REGION. OUR FACILITIES AND PROGRAMMING WELCOMED THOUSANDS OF VISITORS TO THE REGION FOR THE FISCAL YEAR, INCLUDING THOUSANDS OF SCHOOL CHILDREN, LOCAL RESIDENTS, NORTH CAROLINIANS FROM ACROSS THE STATE, CITIZENS OF OTHER STATES AND TRAVELERS FROM FOREIGN COUNTRIES. PROGRAMS WE PROVIDED INCLUDE ESTURINE ECOLOGY, WILDLIFE, NATIVE AMERICAN HERITAGE, AGRICULTURAL HISTORY, REGIONAL CUISINE, ARTISTIC EXPRESSION, MARITIME LIFE AND MORE.

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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 $548,497

Program Service Revenue $54,528

Investment Income $1,145

Other Revenue $55,148

TOTAL REVENUE $659,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,910

Fundraising Expenses $0

Program Expenses $849,801

Other Expenses $536,823

TOTAL EXPENSES $922,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$659,318	$972,979	-0.3%
Expenses	$922,733	$836,731	+0.1%
Net Income	$-263,415	$136,248	-2.9%

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
JD BRICKHOUSE	BOARD MEMBER	N/A	Director	$0	$0	$0
ALLEN CASTELLOE	BOARD MEMBER	N/A	Director	$0	$0	$0
CAROL EVANS	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIN FLECKENSTEIN	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES HOLLOWAY	BOARD MEMBER	N/A	Director	$0	$0	$0
JUDY MEIER JENNETTE	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE ORBACH	BOARD MEMBER	N/A	Director	$0	$0	$0
BILL RICH	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
TOM RICHTER	BOARD MEMBER	N/A	Director	$0	$0	$0
ROGER RULIFSON	BOARD MEMBER	N/A	Director	$0	$0	$0
RHETT WHITE	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN ED WHITEHURST	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
DAVID L CLEGG	CHAIRMAN	N/A	Officer	$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
2025	$659,318	$922,733	$1,456,476	$-263,415
2024	$972,979	$836,731	$1,709,181	$136,248
2023	$684,671	$796,534	$1,572,822	$-111,863
2022	$480,723	$648,598	$1,684,718	$-167,875
2021	$492,509	$670,469	$1,849,451	$-177,960