DEPARTMENT OF SOUND (EIN 833486258) - 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

2019

Legal Domicile

Principal Officer

Lorraine Divine

Phone

9165488554

Tax Period

2023-01-01 to 2023-12-31

DEPARTMENT OF SOUND, founded in 2019, is a small nonprofit in the Youth Development sector that reported $645K in total revenue in fiscal year 2023. Revenue surged 208% from the prior year, signaling strong growth momentum. The organization ran a surplus of $187K, a strong 29% operating margin.

Mission

Department of Sound is a Sacramento-based 501(c)(3) dedicated to the mission of supporting the social-emotional wellbeing of young people through music, podcasting, and the medium of sound.

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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 $105,902

Program Service Revenue $539,070

Investment Income $0

Other Revenue $0

TOTAL REVENUE $644,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,805

Fundraising Expenses $452

Program Expenses $396,573

Other Expenses $227,014

TOTAL EXPENSES $457,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$644,972	$209,625	+2.1%
Expenses	$457,819	$445,537	+0.0%
Net Income	$187,153	$-235,912	-1.8%

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

N/A

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

$114,271

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John H Hodgson III	Chief Executive Officer, CoFounder	40	Key Emp Highest	$114,271	$0	$114,271
John H Hodgson II	Treasurer	2	Officer Director	$0	$0	$0
Alex Sioukas	Board Member	0.5	Director	$0	$0	$0
Verna Sulpizo Hull	Secretary	1	Director	$0	$0	$0
Bl'eve Brown	Board Member	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$644,972	$457,819	$274,709	$187,153
2022	$209,625	$445,537	$112,854	$-235,912
2021	$606,731	$308,013	$347,680	$298,718
2020	$335,937	$333,072	$131,500	$2,865

DEPARTMENT OF SOUND