SOUND GENERATIONS (SENIOR CENTERS … - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

JAMES WIGFALL

Phone

2064485757

Tax Period

2024-01-01 to 2024-12-31

SOUND GENERATIONS (SENIOR CENTERS ONLY), founded in 1967, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO PROVIDE A WELCOMING, INCLUSIVE ENVIRONMENT WHERE PEOPLE CAN ENJOY WARM FRIENDSHIPS, HEALTHY ACTIVITIES, JOYFUL EXPERIENCES AND MEANINGFUL ENGAGEMENT AS THEY AGE.

Program Service Accomplishments

Program 1

Expenses: $1,750,784 Revenue: $612,394

OUR AFFILIATE SENIOR CENTERS CONNECT OLDER ADULTS AND THEIR COMMUNITIES. MEMBERS TAKE CLASSES TO KEEP FIT, SHARE PASSIONS, AND EXPLORE IDEAS; AND, PARTICIPATE IN EVENTS, COMMUNITY MEALS, ACTIVITIES AND CELEBRATIONS. AFFILIATED CENTERS INCLUDED ON THIS FORM ARE THE BALLARD/NW SENIOR CENTER AND SHORELINE/LAKE FOREST PARK SENIOR CENTER.

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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 $987,312

Program Service Revenue $594,877

Investment Income $7,512

Other Revenue $21,192

TOTAL REVENUE $1,610,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $916,221

Fundraising Expenses $0

Program Expenses $1,750,784

Other Expenses $834,563

TOTAL EXPENSES $1,750,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,610,893	$1,366,233	+0.2%
Expenses	$1,750,784	$1,450,363	+0.2%
Net Income	$-139,891	$-84,130	+0.7%

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

N/A

Volunteers

150

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

$553,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HOBAN	BOARD PRESIDENT - NWSC	0.60	Officer Director	$0	$0	$0
SARA LAMBERT PRESIDENT	BOARD PRESIDENT - SVSC	0.60	Officer Director	$0	$0	$0
CHRIS MELTON	BOARD PRESIDENT - SLSC	0.60	Officer Director	$0	$0	$0
JOHN MOORE	BOARD VICE PRESIDENT - SVSC	0.60	Officer Director	$0	$0	$0
MARYN WYNNE	BOARD VICE PRESIDENT - SLSC	0.60	Officer Director	$0	$0	$0
PEGGY HOUGARDY	BOARD TREASURER - NWSC	0.60	Officer Director	$0	$0	$0
CINCY MCCREA	BOARD TREASURER - SLSC	0.60	Officer Director	$0	$0	$0
DON WILHELM	BOARD TREASURER - SVSC	0.60	Officer Director	$0	$0	$0
ALLAN GILSTRAP	BOARD SECRETARY - SVSC	0.60	Officer Director	$0	$0	$0
BOBBIE LONG	BOARD SECRETARY - NWSC	0.60	Officer Director	$0	$0	$0
ELLEN SULLIVAN	BOARD SECRETARY - SLSC	0.60	Officer Director	$0	$0	$0
BRIAN BEAM	DIRECTOR - SLSC	0.60	Director	$0	$0	$0
ED BILLINGTON	DIRECTOR - SVSC	0.60	Director	$0	$0	$0
ROWLAND BRASCH	DIRECTOR - SVSC	0.60	Director	$0	$0	$0
MAUREEN CLEARY	DIRECTOR - SVSC	0.60	Director	$0	$0	$0
DAN DREW	DIRECTOR - SVSC	0.60	Director	$0	$0	$0
JAN GAIDOS	DIRECTOR - NWSC	0.60	Director	$0	$0	$0
NANCY GASS	DIRECTOR - SVSC	0.60	Director	$0	$0	$0
ELLIOT HAACK	DIRECTOR - NWSC	0.60	Director	$0	$0	$0
ED HAHN	DIRECTOR - SVSC	0.60	Director	$0	$0	$0
SHAKUNTALA JAISINGHANI	DIRECTOR - NWSC	0.60	Director	$0	$0	$0
BILL KESEL	DIRECTOR - SLSC	0.60	Director	$0	$0	$0
NED MCCREA	DIRECTOR - SLSC	0.60	Director	$0	$0	$0
SARAH MEDFORD	DIRECTOR - NWSC	0.60	Director	$0	$0	$0
VICKI PERRY	DIRECTOR - SVSC	0.60	Director	$0	$0	$0
SUSAN SCHNEIDER	DIRECTOR - NWSC	0.60	Director	$0	$0	$0
GLENDA SURDAM	DIRECTOR - SVSC	0.60	Director	$0	$0	$0
CAROLE TESHIMA	DIRECTOR - SVSC	0.60	Director	$0	$0	$0
MARY WEBSTER	DIRECTOR - NWSC (THRU 9/24)	0.60	Director	$0	$0	$0
DOUGLAS WOODS	DIRECTOR - SLSC	0.60	Director	$0	$0	$0
JAMES WIGFALL	CEO	0.00	Officer	$0	$396	$294,126
THERESA LACROIX	SENIOR CENTER DIRECTOR - SLSC	35.00	Officer	$88,783	$4,222	$93,005
MATT KING	SENIOR CENTER DIRECTOR - NWSC	40.00	Officer	$79,469	$1,158	$80,627
KIRA AVERY	SENIOR CENTER DIRECTOR - SVSC	40.00	Officer	$39,565	$110	$39,675
EMILY JONES	SENIOR CENTER DIRECTOR - SLSC	10.20	Officer	$28,113	$767	$28,880
CARLYE TEEL	SENIOR CENTER DIRECTOR - NWSC	6.50	Officer	$17,097	$0	$17,097
VEDRANA DURAKOVIC	COMMUNITY ENGAGEMENT OFFICER	40.00	Highest	$47,528	$1,674	$137,468

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	$1,610,893	$1,750,784	$905,660	$-139,891
2023	$1,366,233	$1,450,363	$927,963	$-84,130
2022	$1,375,292	$1,341,340	$1,024,042	$33,952
2021	$931,176	$959,107	$621,502	$-27,931
2020	$1,920,891	$1,841,648	$3,266,892	$79,243

SOUND GENERATIONS (SENIOR CENTERS ONLY)