SYMPHONY OF HOPE INTERNATIONAL FKA SOUNDS OF PROMISE (EIN 912157643) - 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

2001

Legal Domicile

Principal Officer

LORI KING

Phone

5103887512

Tax Period

2023-01-01 to 2023-12-31

SYMPHONY OF HOPE INTERNATIONAL FKA SOUNDS OF PROMISE, founded in 2001, is a small nonprofit in the Human Services sector that reported $257K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $223K left a modest 13% surplus.

Mission

PROVIDE CHRISTIAN EDUCATION AND SUPPORT TO NEEDY CHILDREN; PROVIDE TRAVELING MINISTRY OF MUSIC.

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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 $257,351

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $257,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,409

Fundraising Expenses $0

Program Expenses $220,768

Other Expenses $82,880

TOTAL EXPENSES $223,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,351	$210,525	+0.2%
Expenses	$223,289	$258,195	-0.1%
Net Income	$34,062	$-47,670	-1.7%

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

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
JERRY COOK	CEO	1.00	Officer Director	$0	$0	$0
ERIC KING	CFO	1.00	Officer Director	$0	$0	$0
LORI KING	SECRETARY	1.00	Officer Director	$0	$0	$0
DWAYNE SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA SMITH	BOARD MEMBER	1.00	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	$257,351	$223,289	$332,586	$34,062
2022	$210,525	$258,195	$298,524	$-47,670
2019	$236,314	$255,143	$362,147	$-18,829
2018	$546,372	$187,318	$380,976	$359,054

SYMPHONY OF HOPE INTERNATIONAL FKA SOUNDS OF PROMISE