SONGBIRDS FOUNDATION INC (EIN 814791124) - 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

2016

Legal Domicile

Principal Officer

John Dooley

Phone

4234635022

Tax Period

2024-01-01 to 2024-12-31

SONGBIRDS FOUNDATION INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $620K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $805K exceeded revenue, resulting in a 30% operating deficit.

Mission

SONGBIRDS STRIVES TO SHARE THE TRANSFORMATIVE EXPERIENCE OF MUSIC ACROSS THE SOUTH BY DELIVERING EDUCATIONAL PROGRAMMING, PERSERVING MUSIC HISTORY, HOSTING ENRICHING EVENTS, AND PROVIDING CONCRETE RESOURCES TO EMERGING ARTISTS.

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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 $235,246

Program Service Revenue $33,024

Investment Income $230,731

Other Revenue $120,930

TOTAL REVENUE $619,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $391,977

Fundraising Expenses $0

Program Expenses $777,379

Other Expenses $413,035

TOTAL EXPENSES $805,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$619,931	$405,188	+0.5%
Expenses	$805,012	$988,721	-0.2%
Net Income	$-185,081	$-583,533	-0.7%

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

100

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

$69,833

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DOOLEY	EXECUTIVE DIRECTOR	40	Key Emp	$69,833	$0	$69,833
JOHNNY SMITH	PRESIDENT	1	Officer Director	$0	$0	$0
WILLIAM AIKEN	SECRETARY	1	Officer Director	$0	$0	$0
W THORPE MCKENZIE	DIRECTOR	1	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	$619,931	$805,012	$16,371,109	$-185,081
2023	$405,188	$988,721	$16,600,522	$-583,533
2022	$885,806	$982,258	$16,672,880	$-96,452
2021	$490,877	$894,501	$16,669,845	$-403,624
2020	$6,334,971	$373,323	$17,054,184	$5,961,648
2019	$159,052	$199,898	$11,075,203	$-40,846

SONGBIRDS FOUNDATION INC