SOUNDEXCHANGE INC (EIN 760742496) - 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

MICHAEL J HUPPE

Phone

2026405858

Tax Period

2023-01-01 to 2023-12-31

SOUNDEXCHANGE INC, founded in 2003, is a mid-sized nonprofit in the Community Improvement sector that reported $99.2M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.8M, a strong 18% operating margin.

Mission

SOUNDEXCHANGE IS THE PREMIER MUSIC TECH ORGANIZATION ON A MISSION TO POWER THE (SEE SCHEDULE O)

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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 $0

Program Service Revenue $72,492,989

Investment Income $23,793,586

Other Revenue $2,949,090

TOTAL REVENUE $99,235,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,409,864

Fundraising Expenses $0

Other Expenses $43,977,483

TOTAL EXPENSES $81,387,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,235,665	$80,022,837	+0.2%
Expenses	$81,387,347	$76,735,490	+0.1%
Net Income	$17,848,318	$3,287,347	+4.4%

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

244

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

$3,434,965

Total Directors

Key Employees

$669,851

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALASDAIR MCMULLAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA FINKELSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
DARIUS VAN ARMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BYRNE	DIRECTOR	1.00	Director	$0	$0	$0
DUNCAN CRABTREE-IRELAND	DIRECTOR	1.00	Director	$0	$0	$0
JAY L COOPER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WALKER	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA GOLDENBERG	DIRECTOR	1.00	Director	$0	$0	$0
JON GLASS	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE SORIANO	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA REEVES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HAUSMAN	DIRECTOR	1.00	Director	$0	$0	$0
MITCH GLAZIER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK RAINS	DIRECTOR	1.00	Director	$0	$0	$0
RAY HAIR	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BURGESS	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR ZARAYA	DIRECTOR	1.00	Director	$0	$0	$0
KENDALL MINTER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL J HUPPE	PRESIDENT & CEO	40.00	Officer	$1,870,480	$51,445	$1,921,925
ANJULA SINGH	CFO & COO	40.00	Officer	$870,884	$31,042	$901,926
TIMOTHY A DADSON	GENERAL COUNSEL	40.00	Officer	$580,208	$30,906	$611,114
LUIS F HECTOR BONILLA	CTO	40.00	Key Emp	$620,431	$49,420	$669,851
TOMMY KORPINEN	CHIEF BUSINESS DEVELOPMENT OFFICER	40.00	Highest	$558,848	$38,225	$597,073
EMILY A FULP	SVP, EXEC. OFFICE & COMMUNICATIONS	40.00	Highest	$398,408	$48,998	$447,406
BRIEANNE E JACKSON	DEP. GEN. COUNSEL LIC & ENF	40.00	Highest	$400,610	$46,540	$447,150
BARRY LEVINE	VP, STRATEGIC PARTNERSHIP	40.00	Highest	$400,076	$39,357	$439,433
PAUL GILLS	SVP, OPS. & CLIENT ENGAGEMENT	40.00	Highest	$386,623	$42,057	$428,680

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	$99,235,665	$81,387,347	$818,772,709	$17,848,318
2022	$80,022,837	$76,735,490	$762,717,143	$3,287,347
2021	$68,696,516	$67,251,701	$739,346,856	$1,444,815
2020	$62,047,984	$61,935,976	$722,546,752	$112,008
2019	$66,777,189	$62,378,660	$696,901,194	$4,398,529
2018	$68,273,280	$57,785,089	$679,657,161	$10,488,191

SOUNDEXCHANGE INC