THE SONA FOUNDATION (EIN 882053639) - 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

2022

Legal Domicile

Principal Officer

MARK PARISER

Phone

8182850400

Tax Period

2023-01-01 to 2023-12-31

THE SONA FOUNDATION, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $30K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $111K exceeded revenue, resulting in a 271% operating deficit.

Mission

TO PROVIDE SONGWRITERS AND COMPOSERS WITH RESOURCES, SUPPORT, AND PROGRAMS IN MENTAL HEALTH, FINANCIAL WELLBEING, CAREER DEVELOPMENT, AND EMERGENCY FUNDING TO ENSURE HEALTHY, FULFILLING LIVES FOR ALL MUSIC CREATORS AS THEY NAVIGATE THE INEVITABLE CHALLENGES AND REWARDS OF THE MUSIC BUSINESS

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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 $12,440

Program Service Revenue $17,500

Investment Income $2

Other Revenue $0

TOTAL REVENUE $29,942

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $28,213

Fundraising Expenses $41,326

Program Expenses $15,759

Other Expenses $80,224

TOTAL EXPENSES $110,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,942	$248,162	-0.9%
Expenses	$110,937	$32,164	+2.4%
Net Income	$-80,995	$215,998	-1.4%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BITRICK	TREASURER	3.00	Officer Director	$0	$0	$0
TERRA LOPEZ	DIRECTOR	3.00	Director	$0	$0	$0
MICHELLE FEATHERSTONE	DIRECTOR	3.00	Director	$0	$0	$0
MARK PARISER	DIRECTOR	3.00	Director	$0	$0	$0
SARAH ROBERTSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
KAY HANLEY	DIRECTOR	3.00	Director	$0	$0	$0
ANNE PREVEN	DIRECTOR	3.00	Director	$0	$0	$0
JARED BRENNER	DIRECTOR	3.00	Director	$0	$0	$0
AIMEE BABCOCK	DIRECTOR	3.00	Director	$0	$0	$0
RACHEL RABIN	DIRECTOR	3.00	Director	$0	$0	$0
BRIAN KENNEDY	DIRECTOR	3.00	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	No data	No data	No data	No data
2023	$29,942	$110,937	$136,506	$-80,995
2022	$248,162	$32,164	$215,998	$215,998

THE SONA FOUNDATION