Sound Experience (EIN 916170893) - 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

1989

Legal Domicile

Principal Officer

Catherine Collins

Phone

3603790438

Tax Period

2023-01-01 to 2023-12-31

Sound Experience, founded in 1989, is a small nonprofit in the Science & Technology sector that reported $891K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 26% operating deficit.

Mission

Educate, inspire and empower an inclusive community that works to improve our marine environment

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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 $549,957

Program Service Revenue $344,091

Investment Income $5,587

Other Revenue $-8,578

TOTAL REVENUE $891,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $660,758

Fundraising Expenses $118,347

Program Expenses $904,213

Other Expenses $458,595

TOTAL EXPENSES $1,119,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$891,057	$749,741	+0.2%
Expenses	$1,119,353	$1,141,245	0.0%
Net Income	$-228,296	$-391,504	-0.4%

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

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

$93,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rusty Lhamon	Board Member	2.00	Director	$0	$0	$0
Julie Masura	President	2.00	Officer Director	$0	$0	$0
Joshua Berger	Board Member	2.00	Director	$0	$0	$0
Jim Congdon	Board Member	2.00	Director	$0	$0	$0
Jason Karas	Board Member	2.00	Director	$0	$0	$0
David Jackson	Board Member	2.00	Director	$0	$0	$0
Dave Schoeggl	Board Member	2.00	Director	$0	$0	$0
Capt Jonathan Ward	Board Member	2.00	Director	$0	$0	$0
Henry Veldman	Treasurer	2.00	Officer Director	$0	$0	$0
Michele Wolski	Board Member	2.00	Director	$0	$0	$0
Michael Hoffman	Board Member	2.00	Director	$0	$0	$0
Ken Greff	Board Member	2.00	Director	$0	$0	$0
Alex Tellez	Secretary	2.00	Officer Director	$0	$0	$0
Kathryn Noonan	Secretary	2.00	Officer Director	$0	$0	$0
Satish Iyer	Board Member	2.00	Director	$0	$0	$0
Maggie Mallon	Board Member	2.00	Director	$0	$0	$0
Catherine Collins	Executive Director	40.00	Officer	$93,600	$0	$93,600

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	$891,057	$1,119,353	$1,519,378	$-228,296
2022	$749,741	$1,141,245	$1,721,694	$-391,504
2021	$687,272	$849,895	$1,995,987	$-162,623
2020	$564,966	$878,580	$2,116,816	$-313,614
2019	$1,020,508	$911,035	$2,378,950	$109,473
2018	$1,290,942	$818,616	$2,331,383	$472,326

Sound Experience