SUN SOUNDS FOUNDATION (EIN 860906022) - 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

1998

Legal Domicile

Principal Officer

NEIL CHITEL

Phone

4807748300

Tax Period

2024-07-01 to 2025-06-30

SUN SOUNDS FOUNDATION, founded in 1998, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $52K in total revenue in fiscal year 2024. Net assets of $275K represent 64 months of operating reserves.

Mission

FINANCIALLY SUPPORT THE WORK OF SUN SOUNDS OF ARIZONA RADIO, AN OUTREACH SERVICE OF RIO SALADO COLLEGE, ALLOWING VISUALLY IMPAIRED INDIVIDUALS ACCESS TO AUDITORY VERSIONS OF PRINT MEDIA IN THE STATE OF ARIZONA.

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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 $22,244

Program Service Revenue $0

Investment Income $29,338

Other Revenue $0

TOTAL REVENUE $51,582

Expense Breakdown

Grants Paid $39,703

Salaries & Benefits $0

Fundraising Expenses $2,610

Program Expenses $43,629

Other Expenses $13,611

TOTAL EXPENSES $53,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,582	$48,664	+0.1%
Expenses	$53,314	$53,017	+0.0%
Net Income	$-1,732	$-4,353	-0.6%

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

N/A

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
NEIL CHITEL	PRESIDENT	002.00	Officer Director	$0	$0	$0
SUSAN DESPARTE	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
JIM McMAHON	TREASURER	002.00	Officer Director	$0	$0	$0
ANDREA PASQUALE	SECRETARY	002.00	Officer Director	$0	$0	$0
DIANE SCHOOLITZ	DIRECTOR	001.00	Director	$0	$0	$0
JOYCE VESPERS	DIRECTOR	001.00	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
2025	$51,582	$53,314	$274,745	$-1,732
2024	$48,664	$53,017	$260,448	$-4,353
2023	$103,573	$81,681	$249,444	$21,892
2022	$127,225	$111,497	$221,004	$15,728
2021	$62,261	$61,503	$228,569	$758
2020	$71,587	$80,420	$217,640	$-8,833
2018	$135,942	$87,788	$169,863	$48,154

SUN SOUNDS FOUNDATION