SONG FOR CHARLIE (EIN 851362612) - 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

2020

Legal Domicile

Principal Officer

ED TERNAN

Phone

6266441708

Tax Period

2024-01-01 to 2024-12-31

SONG FOR CHARLIE, founded in 2020, is a community nonprofit in the Mental Health sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATIONS MISSION IS TO ENCOURAGE YOUNG PEOPLE TO CHOOSE HEALTHY COPING STRATEGIES OVER SELF-MEDICATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,128,310

Program Service Revenue $1,500,000

Investment Income $85,434

Other Revenue $0

TOTAL REVENUE $3,713,744

Expense Breakdown

Grants Paid $101,000

Salaries & Benefits $1,522,891

Fundraising Expenses $409,734

Program Expenses $2,886,565

Other Expenses $1,999,599

TOTAL EXPENSES $3,659,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,713,744	$3,220,047	+0.2%
Expenses	$3,659,490	$2,701,771	+0.4%
Net Income	$54,254	$518,276	-0.9%

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

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

$816,230

Total Directors

$424,034

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED TERNAN	President	40.00	Officer Director	$230,000	$12,017	$242,017
KAILA SASSANO	CDO	40.00	Officer	$185,000	$11,534	$196,534
JILL SIGLER	CFO	40.00	Officer	$175,000	$20,662	$195,662
MARY TERNAN	Vice President	40.00	Officer Director	$170,000	$12,017	$182,017
DENISE MARIANO	VP PARTNERSHIPS	40.00		$121,950	$18,657	$140,607
KRISTA FEIERABEND	CREATIVE DIRECTOR	40.00		$123,500	$6,784	$130,284
J BRIAN TERNAN	Chairman	2.00	Officer Director	$0	$0	$0
PATRICIA MARINELLI-CASEY	Director	2.00	Director	$0	$0	$0
PATRICK NALLY	Director	2.00	Director	$0	$0	$0
ALEXIS ANVEKAR	Director	2.00	Director	$0	$0	$0
JACK SYMES	Director	2.00	Director	$0	$0	$0
BRIDGET LATTIMER	Director	2.00	Director	$0	$0	$0
BRENNAN MULLIN	Director	2.00	Director	$0	$0	$0
GRANT GRAHAM	Director	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	$3,713,744	$3,659,490	$1,603,587	$54,254
2023	$3,220,047	$2,701,771	$1,389,097	$518,276
2022	$891,409	$1,003,486	$687,809	$-112,077
2022	$891,409	$1,003,486	$687,809	$-112,077
2021	$1,054,173	$366,550	$801,081	$687,623

SONG FOR CHARLIE