SONANCE CARES INC

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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

2023

Legal Domicile

Principal Officer

CHRISTINE CRAIN

Phone

9493698035

Tax Period

2024-01-01 to 2024-12-31

SONANCE CARES INC, founded in 2023, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO WORK TOGETHER WITH OUR PARNTERS TO LEAVE A LASTING IMPACT ON THE PLANT, PEOPLE, ANIMALS, AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,245,025 Revenue: $103

SONANCE CARES, INC. WILL PRIMARILY PROVIDE SUPPORT AND FUNDING FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, LITERARY AND RELATED HUMANITARIAN ACTIVITIES TO ADDRESS WORLD FAMINE, WATER SCARCITY, PERIOD...

SONANCE CARES, INC. WILL PRIMARILY PROVIDE SUPPORT AND FUNDING FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, LITERARY AND RELATED HUMANITARIAN ACTIVITIES TO ADDRESS WORLD FAMINE, WATER SCARCITY, PERIOD POVERTY, SUPPORTING CHILDREN IN NEED, AND HELPING ANIMALS. DURING 2024 SONANCE CARES, INC. MADE GRANTS TO 20 CHARITABLE ORGANIZATIONS.

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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 $1,317,576

Program Service Revenue $103

Investment Income $0

Other Revenue $-10,463

TOTAL REVENUE $1,307,216

Expense Breakdown

Grants Paid $1,134,502

Salaries & Benefits $117,332

Fundraising Expenses $0

Program Expenses $1,245,025

Other Expenses $86,339

TOTAL EXPENSES $1,338,173

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,307,216	$1,493,610	-0.1%
Expenses	$1,338,173	$1,472,511	-0.1%
Net Income	$-30,957	$21,099	-2.5%

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
SHARON RUNYON	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE CRAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER MALMBERG	TREASURER	1.00	Officer Director	$0	$0	$0
KARI RICH	DIRECTOR	1.00	Director	$0	$0	$0
SKYLER BENNIS	DIRECTOR	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	$1,307,216	$1,338,173	$26,572	$-30,957
2023	$1,493,610	$1,472,511	$122,471	$21,099