SONGS FOR KIDS FOUNDATION INC (EIN 611516132) - 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

2007

Legal Domicile

Principal Officer

JOSH RIFKIND

Phone

4045419231

Tax Period

2023-01-01 to 2023-12-31

SONGS FOR KIDS FOUNDATION INC, founded in 2007, is a small nonprofit in the Youth Development sector that reported $380K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

SONGS FOR KIDS PROVIDES MUSIC MENTORSHIP AND INTERACTIVE PROGRAMS FOR KIDS AND YOUNG ADULTS WITH ILLNESSES, INJURIES, AND DISABILITIES. WE FOCUS ON CREATIVE EXPRESSION, ENCOURAGE EXPLORATION IN A SAFE SPACE, AND NEVER LOSE SIGHT OF THE FUN.

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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 $377,970

Program Service Revenue $0

Investment Income $2,125

Other Revenue $0

TOTAL REVENUE $380,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,216

Fundraising Expenses $460

Program Expenses $379,106

Other Expenses $180,364

TOTAL EXPENSES $414,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$380,095	$412,800	-0.1%
Expenses	$414,580	$412,656	+0.0%
Net Income	$-34,485	$144	-240.5%

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

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH RIFKIND	BOARD MEMBER	45.00	Director	$90,000	$0	$90,000
JUSTIN KERENYI	PRESIDENT	3.00	Officer	$0	$0	$0
ELYSE KLOVA	SECRETARY	5.00	Officer	$0	$0	$0
RYAN RADDING	TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$380,095	$414,580	$622,551	$-34,485
2022	$412,800	$412,656	$621,162	$144
2021	$508,134	$288,272	$633,679	$219,862
2020	$323,518	$328,379	$444,810	$-4,861
2019	$396,852	$342,873	$421,879	$53,979
2018	$392,682	$377,759	$363,908	$14,923

SONGS FOR KIDS FOUNDATION INC