SOUNDS OF SAVING (EIN 823813103) - 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

2017

Legal Domicile

Principal Officer

NICK GRETO

Phone

4844109018

Tax Period

2023-01-01 to 2023-12-31

SOUNDS OF SAVING, founded in 2017, is a small nonprofit in the Mental Health sector that reported $515K in total revenue in fiscal year 2023. Revenue surged 193% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 21% operating margin.

Mission

MUSIC/MENTAL HEALTH ORGANIZATION THAT DESIGNS AND PROVIDES TOOLS, CONTENT, RESOURCES, AND CURRICULUM TO YOUNG PEOPLE, AGES 14-24 TO HELP UTILIZE THEIR CONNECTION TO MUSIC IN SUPPORT OF THEIR MENTAK HEALTH AND WELLBEING.

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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 $219,616

Program Service Revenue $295,029

Investment Income $0

Other Revenue $0

TOTAL REVENUE $514,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,806

Fundraising Expenses $29,019

Program Expenses $333,262

Other Expenses $230,431

TOTAL EXPENSES $406,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$514,645	$175,518	+1.9%
Expenses	$406,237	$23,125	+16.6%
Net Income	$108,408	$152,393	-0.3%

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

$61,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY TUSK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DRAPER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC DAMMANN	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE C MOORE	DIRECTOR	1.00	Director	$0	$0	$0
COREY FERENGUL	DIRECTOR	1.00	Director	$0	$0	$0
NATE AUREBACH	DIRECTOR	1.00	Director	$0	$0	$0
RAMONA CLIFTON	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS ANTHONY MARROQUIN RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JULIAN BERMAN	DIRECTOR	1.00	Director	$0	$0	$0
PERRY BASHKOFF	DIRECTOR	1.00	Director	$0	$0	$0
DAS DASGUPTA	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE GROSS	COCHAIR	1.00	Officer	$60,000	$0	$60,000
NICK GRETO	COCHAIR	1.00	Officer	$1,083	$0	$1,083

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	$514,645	$406,237	$134,571	$108,408

SOUNDS OF SAVING