SOUNDING JOY MUSIC THERAPY INC (EIN 820569936) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Keiko Kajiwara

Phone

8085932620

Tax Period

2022-01-01 to 2022-12-31

SOUNDING JOY MUSIC THERAPY INC, founded in 2002, is a micro nonprofit in the Health Care sector that reported $91K in total revenue in fiscal year 2022. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $143K exceeded revenue, resulting in a 58% operating deficit.

Mission

To raise the public awareness of the benefits of music therapy, to improve people's accessibility to music therapy services, and to advance research in music therapy. We provide music therapy services, public education and resources of music therapy to people of all ages and conditions in Hawaii.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $50,916

Program Service Revenue $30,612

Investment Income $0

Other Revenue $9,444

TOTAL REVENUE $90,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,647

Fundraising Expenses $0

Program Expenses $137,053

Other Expenses $41,688

TOTAL EXPENSES $143,335

Year-over-Year Comparison

	2022	2021	Change
Revenue	$90,972	$184,404	-0.5%
Expenses	$143,335	$107,016	+0.3%
Net Income	$-52,363	$77,388	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$55,789

Total Directors

Key Employees

$30,613

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kira Dolan	Music Therapist	40	Key Emp	$30,613	$0	$30,613
Kazumi Yamaura	Secretary/Treasurer	32.00	Officer	$24,142	$0	$24,142
Maria C Guerrero	Vice President	40	Officer	$19,318	$0	$19,318
Keiko Kajiwara	President	20.00	Officer	$12,329	$0	$12,329
Aida Wen	Board Member	0.2	Director	$0	$0	$0
Pamela Young	Board Member	0.2	Director	$0	$0	$0
Korrine Oki	Board Member	0.2	Director	$0	$0	$0
Ritsue Honma	Board Chairperson	0.2	Director	$0	$0	$0
Yoshimi Otake	Associate	0.1	Officer	$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	No data	No data	No data	No data
2022	$90,972	$143,335	$185,106	$-52,363
2021	$184,404	$107,016	$131,218	$77,388
2020	$93,917	$158,452	$109,659	$-64,535

SOUNDING JOY MUSIC THERAPY INC