SOUNDCHECK PREVENTION NETWORK

EIN: 843930254 501(c)(3) Philanthropy & Grantmaking

ASHEVILLE, NC

Total Revenue
$455,375
Total Expenses
$391,717
Total Assets
$124,943
Net Assets
$114,288
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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
NC
Principal Officer
WILL STRAUGHAN
Phone
8282802079
Tax Period
2023-09-01 to 2024-08-31

SOUNDCHECK PREVENTION NETWORK, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $455K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $392K left a modest 14% surplus.

Mission

SOUNDCHECK IS INSPIRED BY STUDENTS OF ALL AGES AND EXPERIENCES WHO EXPRESS A GENUINE DESIRE TO BE HEALTHY, SUPPORT THEIR PEERS, LEARN UNBIASED FACTS ABOUT ALCOHOL AND OTHER DRUGS, AND PLAY AN ACTIVE ROLE IN THEIR SCHOOL'S PREVENTION INITIATIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $150,906
Program Service Revenue $304,469
Investment Income $0
Other Revenue $0
TOTAL REVENUE $455,375

Expense Breakdown

Grants Paid $0
Salaries & Benefits $301,024
Fundraising Expenses $0
Program Expenses $313,373
Other Expenses $90,693
TOTAL EXPENSES $391,717

Year-over-Year Comparison

2023 2022 Change
Revenue $455,375 $258,268 +0.8%
Expenses $391,717 $332,419 +0.2%
Net Income $63,658 $-74,151 -1.9%
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
11
Independent Members
11
Employees
4
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
1
$96,200
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILL STRAUGHAN EXECUTIVE DI 40.00
Officer
$96,200 $0 $96,200
MIKE CONNOLLY BOARD MEMBER 1.00
Director
$0 $0 $0
BETSY FORBUSH CHAIR EMERIT 1.00
Director
$0 $0 $0
JILL FROMEWICK BOARD MEMBER 1.00
Director
$0 $0 $0
MORGAN GALECKI BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH HUGHES BOARD MEMBER 1.00
Director
$0 $0 $0
EMILY JOHNSON CHAIR 1.00
Director
$0 $0 $0
WILL MCCORMACK BOARD MEMBER 1.00
Director
$0 $0 $0
MARY SCOTT PETERSON BOARD MEMBER 1.00
Director
$0 $0 $0
HEATH RADA CHAIR EMERIT 1.00
Director
$0 $0 $0
MIKE SIMONS BOARD MEMBER 1.00
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 $455,375 $391,717 $124,943 $63,658
2023 $258,268 $332,419 $51,398 $-74,151
2022 $246,254 $202,065 $129,458 $44,189
2020 $210,952 $69,410 $141,542 $141,542
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