Resounding Joy Inc (EIN 753190962) - 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

2005

Legal Domicile

Principal Officer

Kerri Fox CEO

Phone

8584572200

Tax Period

2023-07-01 to 2024-06-30

Resounding Joy Inc, founded in 2005, is a small nonprofit in the Health Care sector that reported $701K in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. Expenses of $799K exceeded revenue, resulting in a 14% operating deficit.

Mission

Resounding Joy is a community-based nonprofit whose mission is to support people of all ages, abilities, and incomes with evidence-based practices that harness the transformative power of music therapy.?

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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 $575,688

Program Service Revenue $146,988

Investment Income $8

Other Revenue $-22,046

TOTAL REVENUE $700,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $565,583

Fundraising Expenses $85,209

Program Expenses $566,373

Other Expenses $233,815

TOTAL EXPENSES $799,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$700,638	$361,691	+0.9%
Expenses	$799,398	$379,270	+1.1%
Net Income	$-98,760	$-17,579	+4.6%

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

$134,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kerri Fox	CEO	40.00	Officer	$83,333	$0	$83,333
Barbara Reuer	CEO	40.00	Officer	$51,559	$0	$51,559
Diane Beckman	Secretary	2.00	Officer Director	$0	$0	$0
Steve Haber	Treasurer	2.00	Officer Director	$0	$0	$0
Pat Molnar	Director	1.00	Director	$0	$0	$0
Sylvia Imm	President	10.00	Officer Director	$0	$0	$0
Patrick Panlasigui	Director	1.00	Director	$0	$0	$0
Kevin Maddox	Director	1.00	Director	$0	$0	$0
Cathy Wagner	Director	2.00	Director	$0	$0	$0
Spencer Evans	Director	1.00	Director	$0	$0	$0
Chelsea Anne Hill	Director	1.00	Director	$0	$0	$0
Brenda Lemas	Director	1.00	Director	$0	$0	$0
Mychelle Mowry	Director	2.00	Director	$0	$0	$0
Kent Haythorn	Director	1.00	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
2025	No data	No data	No data	No data
2024	$700,638	$799,398	$223,539	$-98,760
2022	$663,726	$592,801	$351,116	$70,925
2021	$532,711	$527,065	$301,303	$5,646
2020	$482,260	$485,909	$235,157	$-3,649
2019	$565,839	$504,679	$197,812	$61,160
2018	$463,258	$394,070	$206,193	$69,188

Resounding Joy Inc