The House of Songs

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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

2017

Legal Domicile

Principal Officer

Troy Campbell

Phone

7138289423

Tax Period

2023-01-01 to 2023-12-31

The House of Songs, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $802K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $198K, a strong 25% operating margin.

Mission

The corporation is organized for the following purposes: to bring musicians from all of the world together to create new works; to promote musical and artistic collaboration; to expand creative and cultural opportunities for the communities in which it operates; to work with cultural organizations in countries throughout the world; with similar goals; and to reduce cultural boundaries through music.

Program Service Accomplishments

Program 1

Expenses: $157,149 Revenue: $13,866

Artist in Residency Program - The House of Songs residency seeks to strengthen the ties that music naturally creates. By participating in a House of Songs residency, artists from around the world get an opportunity to live and work with peers in different genres with different backgrounds. Creating those organic connections is the heart and soul of the House's mission.

Program 2

Expenses: $157,149 Revenue: $13,866

Songwriter Summits - Several times per year, musicians from all our regions pair with international recording artists to live together for one week and collaborate on new music. After the summit, the artists travel to international songwriting festivals to network and showcase their new materials.

Program 3

Expenses: $13,095 Revenue: $1,156

Public Performances - The participants in the artist in residence programs and the songwriters summits play public performances of their newly written works. The performances are often held at other local cultural institutions such as museums and schools, in collaboration with other community organizations' programming and directly by the organization.

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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 $748,639

Program Service Revenue $28,888

Investment Income $0

Other Revenue $23,973

TOTAL REVENUE $801,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,682

Fundraising Expenses $114,749

Program Expenses $327,393

Other Expenses $360,716

TOTAL EXPENSES $603,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$801,500	$524,232	+0.5%
Expenses	$603,398	$600,402	+0.0%
Net Income	$198,102	$-76,170	-3.6%

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

$167,481

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Troy Campbell	Executive Director	40.00	Officer	$167,481	$0	$167,481
Lindsay Bailey	Vice Chair	4.00	Officer Director	$0	$0	$0
Eric Klein	Secretary	4.00	Officer Director	$0	$0	$0
Colin Kendrick	Board Member	2.00	Director	$0	$0	$0
Dan Sanker	Board Member	2.00	Director	$0	$0	$0
Jessica Schaff	Board Member	2.00	Director	$0	$0	$0
Sterling Smith	Board Member	2.00	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
2024	No data	No data	No data	No data
2023	$801,500	$603,398	$334,662	$198,102
2022	$524,232	$600,402	$235,155	$-76,170
2021	$676,339	$578,905	$172,768	$97,434
2020	$408,758	$723,318	$52,632	$-314,560
2019	$958,595	$750,892	$329,698	$207,703
2018	$586,493	$520,407	$106,133	$66,086