SONNY BOY BLUES SOCIETY INC (EIN 710673454) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

CHALK MITCHELL

Tax Period

2023-01-01 to 2023-12-31

SONNY BOY BLUES SOCIETY INC, founded in 1985, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2019. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE MEMORY, SPIRIT, AND MUSIC OF SONNY BOY WILLIAMSON AND OTHER BLUES ARTISTS BY FOSTERING AN APPRECIATION OF BLUES MUSIC, KNOWLEDGE OF THE BLUES HISTORY, AND PROMOTING MEETINGS, LECTURES, CONCERTS AND MUSICAL PRODUCTIONS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $974,934

Program Service Revenue $293,205

Investment Income $626

Other Revenue $0

TOTAL REVENUE $1,268,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,873

Fundraising Expenses $10,000

Program Expenses $1,427,603

Other Expenses $1,403,707

TOTAL EXPENSES $1,525,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,268,765	$1,049,255	+0.2%
Expenses	$1,525,580	$1,432,610	+0.1%
Net Income	$-256,815	$-383,355	-0.3%

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

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

180

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
GREGG COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
EARL WILSON	ADVISORY BOARD	1.00	Director	$0	$0	$0
PATRICK ROBERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTIN RAWLS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT MURRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE ST COLUMBIA	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLA ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE GALLOWAY	BOARD MEMBER	5.00	Director	$0	$0	$0
PHILLIP ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
STERLING BILLINGSLEY	HISTORIAN	1.00	Officer	$0	$0	$0
CHALK MITCHELL	PRESIDENT	5.00	Officer	$0	$0	$0
OTTO PREUS	VICE PRESIDENT	10.00	Officer	$0	$0	$0
KELLY JOHNSTON	SECRETARYTREASURER	15.00	Officer	$0	$0	$0
MUNNY JORDAN	EXECUTIVE DIRECTOR	30.00	Key Emp	$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	$1,268,765	$1,525,580	$354,917	$-256,815
2022	$1,049,255	$1,432,610	$606,245	$-383,355
2021	$747,761	$525,283	$985,740	$222,478
2020	$672,538	$377,880	$763,285	$294,658
2019	$1,336,731	$1,389,985	$468,373	$-53,254

SONNY BOY BLUES SOCIETY INC