SOUND OF HOPE RADIO NETWORK INC (EIN 721562499) - 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

2003

Legal Domicile

Principal Officer

Allen Yong Zeng

Phone

4158345711

Tax Period

2024-01-01 to 2024-12-31

SOUND OF HOPE RADIO NETWORK INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $7.0M exceeded revenue, resulting in a 38% operating deficit.

Mission

Provide Independent and objective news reporting, culture programs that preserve and promote traditional Chinese culture, programs that introduce to Chinese people to the best value of the west, current issue of China.

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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 $1,675,570

Program Service Revenue $3,368,921

Investment Income $26,295

Other Revenue $0

TOTAL REVENUE $5,070,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $951,022

Fundraising Expenses $0

Program Expenses $6,977,426

Other Expenses $6,026,404

TOTAL EXPENSES $6,977,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,070,786	$6,384,358	-0.2%
Expenses	$6,977,426	$6,834,783	+0.0%
Net Income	$-1,906,640	$-450,425	+3.2%

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

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

$56,100

Total Directors

$56,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Huang	Secretary/Treasurer	040.00	Officer Director	$33,000	$0	$33,000
Allen Yong Zeng	Board Xhair	040.00	Officer Director	$23,100	$0	$23,100
Ichun Ko	Director	010.00	Director	$0	$0	$0
Frank Lee	Director	015.00	Director	$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	$5,070,786	$6,977,426	$20,181,982	$-1,906,640
2023	$6,384,358	$6,834,783	$22,548,447	$-450,425
2022	$5,199,052	$8,493,100	$22,406,236	$-3,294,048
2021	$6,089,143	$6,428,853	$30,725,500	$-339,710
2020	$6,763,213	$5,288,531	$28,770,280	$1,474,682
2019	$4,102,838	$4,169,375	$23,221,358	$-66,537
2018	$3,899,987	$3,656,353	$21,133,860	$243,634

SOUND OF HOPE RADIO NETWORK INC