SOUND START FOUNDATION (EIN 852098341) - 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

ALEX MITCHELL

Phone

2016501373

Tax Period

2023-09-01 to 2024-08-31

SOUND START FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $280K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Net assets of $1.6M represent 71 months of operating reserves.

Mission

Sound Start Foundations mission is to support educational and therapeutic programs to help babies and toddlers with hearing loss, and their families, lead full and successful lives. Sound Start Foundation (the Foundation) supports the Sound Start Babies Program for Deaf and Hard of Hearing Children, which provides life-changing early intervention, family-support and nursery programs to children with hearing loss throughout New Jersey.

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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 $93,754

Program Service Revenue $0

Investment Income $53,132

Other Revenue $133,039

TOTAL REVENUE $279,925

Expense Breakdown

Grants Paid $1,242

Salaries & Benefits $124,961

Fundraising Expenses $107,810

Program Expenses $1,242

Other Expenses $167,750

TOTAL EXPENSES $293,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,925	$693,904	-0.6%
Expenses	$293,953	$1,235,028	-0.8%
Net Income	$-14,028	$-541,124	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROMME COLE	PRESIDENT/CEO	0.00		$114,000	$0	$114,000
JESSICA GRIFFIN	Pres. Emeritus	10.00	Director	$0	$0	$0
JONATHAN WEIZMAN	Trustee	1.00	Director	$0	$0	$0
DANIEL BORGO	Treasurer	1.00	Officer Director	$0	$0	$0
STEPHANIE DEYO	Trustee	2.00	Director	$0	$0	$0
JACK GENTUL	Vice President	5.00	Officer Director	$0	$0	$0
RICHARD KALFAYAN	Trustee	1.00	Director	$0	$0	$0
ALEX MITCHELL	President	1.00	Officer 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	$279,925	$293,953	$1,656,961	$-14,028
2023	$693,904	$1,235,028	$1,565,069	$-541,124
2022	$610,796	$623,212	$2,095,554	$-12,416
2021	$444,057	$167,005	$2,448,076	$277,052
2020	$62,028	$5,372	$2,021,590	$56,656

SOUND START FOUNDATION