Sounds of Freedom Air Show Foundation Inc

EIN: 814971340 501(c)(3) Philanthropy & Grantmaking

Bowie, MD

Total Revenue
$17,005
Total Expenses
$26,736
Total Assets
N/A
Net Assets
N/A
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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
MD
Principal Officer
James R Esteep
Phone
3018600809
Tax Period
2022-01-01 to 2022-12-31

Sounds of Freedom Air Show Foundation Inc, founded in 2016, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $17K in total revenue in fiscal year 2022. Expenses of $27K exceeded revenue, resulting in a 57% operating deficit.

Mission

To support the military through non profit events

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,000
Investment Income $5
Other Revenue $0
TOTAL REVENUE $17,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $24,801
Other Expenses $26,736
TOTAL EXPENSES $26,736

Year-over-Year Comparison

2022 2021 Change
Revenue $17,005 N/A N/A
Expenses $26,736 $2,850 +8.4%
Net Income $-9,731 $-2,850 +2.4%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
M H Jim Estepp President 1.00
$0 $0 $0
James R Estepp Secretary/Treasurer N/A
$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
2022 $17,005 $26,736 No data $-9,731
2021 No data $2,850 $37,288 No data
2020 $44 $2,000 $43,492 $-1,956
2019 $17,541 $14,599 $45,447 $2,942
2018 $18,534 $10,598 $42,505 $7,936
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