SOCIETY OF LEADERS IN DEVELOPMENT (SOLID)

EIN: 621727949 501(c)(3) Philanthropy & Grantmaking

NASHVILLE, TN

Total Revenue
$145,697
Total Expenses
$83,959
Total Assets
$149,460
Net Assets
$149,460
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
TN
Principal Officer
ELIZABETH STONE
Phone
6152428880
Tax Period
2023-01-01 to 2023-12-31

SOCIETY OF LEADERS IN DEVELOPMENT (SOLID), founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $146K in total revenue in fiscal year 2023. Revenue surged 141% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 42% operating margin.

Mission

IMPROVING THE FUTURE OF THE MUSIC INDUSTRY BY STRENGTHENING ITS PROFESSIONAL RELATIONSHIPS AND EDUCATING ITS FUTURE EXECUTIVES WHILE SERVING THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $8,050

EDUCATIONAL PANELS & SEMINARS - Well known established individuals from the music industry provide commentary and insight into the industry, its trends, and its future. These events range from large...

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EDUCATIONAL PANELS & SEMINARS - Well known established individuals from the music industry provide commentary and insight into the industry, its trends, and its future. These events range from large theater size panels with 250 people in attendance, to smaller intimate "coffee breaks"master class" where RSVP attendance is required and limited to 10-25 people. Our capstone event is our Team Behind The Artist panel which brings together the core team of a major artist who sit on a panel and educate attendees on the path of an artist and what each person of the team is responsible for and more.

Program 2
Expenses: $37,900

PHILANTHROPIC EVENTS - Annual Backstage Auction held during the CMA Music Festival helps raise awareness and money for the CMA Foundation. SOLID's Annual Music Row Madness Top Golf event where we...

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PHILANTHROPIC EVENTS - Annual Backstage Auction held during the CMA Music Festival helps raise awareness and money for the CMA Foundation. SOLID's Annual Music Row Madness Top Golf event where we raise money for Big Brothers/Big Sisters of Middle Tennessee. Annual Turkey Bowl where we collect canned goods for Second Harvest Food Bank and raise money for the On Site Foundation. SOLID Serves is our annual volunteer day where all membership gathers and volunteers their time as a group at various non-profits around town (ex: Second Harvest Food Bank, Habitat for Humanity, Country Music Hall of Fame, etc).

Program 3
Expenses: $6,250

COMMUNITY OUTREACH - The community outreach arm of SOLID aims to give back to the greater Nashville community by providing time and service to various organizations and initiatives throughout the...

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COMMUNITY OUTREACH - The community outreach arm of SOLID aims to give back to the greater Nashville community by providing time and service to various organizations and initiatives throughout the town. Additionally, SOLID partners with various Nashville based 501(c)(3)'s on a year-to-year basis and supplies them with the net proceeds of flagship events like Turkey Bowl and Music Row Madness.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,699
Program Service Revenue $0
Investment Income $663
Other Revenue $126,335
TOTAL REVENUE $145,697

Expense Breakdown

Grants Paid $52,200
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $52,200
Other Expenses $31,759
TOTAL EXPENSES $83,959

Year-over-Year Comparison

2023 2022 Change
Revenue $145,697 $60,547 +1.4%
Expenses $83,959 $79,034 +0.1%
Net Income $61,738 $-18,487 -4.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RIO VAN RISSEGHEM PRESIDENT 10.0
Officer
$0 $0 $0
ZACH GREEN VICE PRESIDENT 10.0
Officer
$0 $0 $0
LIZZY STONE TREASURER 10.0
Officer
$0 $0 $0
MELISSA FLAXMAN SECRETARY 10.0
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 $145,697 $83,959 $149,460 $61,738
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