Sound Learning (EIN 911518739) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

Susan Ickes

Phone

3604269733

Tax Period

2023-07-01 to 2024-06-30

Sound Learning, founded in 1991, is a small nonprofit in the Unknown sector that reported $307K in total revenue in fiscal year 2019. Revenue decreased 11% compared to the prior year. Expenses of $280K left a modest 9% surplus.

Mission

Sound Learning provides instruction for adults in reading, writing, GED studies, in Mason and Thurston Co. Sound Learning is dedicated to improving literacy.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $532,131

Program Service Revenue $2,255

Investment Income $3,236

Other Revenue $0

TOTAL REVENUE $537,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,734

Fundraising Expenses $7,981

Program Expenses $313,885

Other Expenses $85,226

TOTAL EXPENSES $367,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$537,622	$369,486	+0.5%
Expenses	$367,960	$344,225	+0.1%
Net Income	$169,662	$25,261	+5.7%

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

Total Directors

Key Employees

$55,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Billy Thomas Jr	President	5.00	Officer Director	$0	$0	$0
Gigi Olsen	Vice President	5.00	Officer Director	$0	$0	$0
Jeff Slakey	Board Member	2.00	Director	$0	$0	$0
Peter Jones	Chief Pub Def.	2.00	Director	$0	$0	$0
Heather Lucas	Secretary	4.00	Director	$0	$0	$0
Penny Wilson	Treasurer	2.00	Director	$0	$0	$0
Shannon Klasell	Exec. Director	40.00	Key Emp	$55,000	$0	$55,000
Anna Miller	Board Member	2.00	Director	$0	$0	$0
Maria Parra	Board Member	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
2025	No data	No data	No data	No data
2024	$537,622	$367,960	$696,706	$169,662
2023	$369,486	$344,225	$520,279	$25,261
2022	$510,463	$258,303	$492,588	$252,160
2021	$275,764	$242,032	$237,621	$33,732
2020	$306,723	$279,565	$205,943	$27,158

Sound Learning