SOUND SUPPORT FOUNDATION (EIN 922124397) - 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

Principal Officer

CALEB CHAPMAN

Phone

8017630200

Tax Period

2024-01-01 to 2024-12-31

SOUND SUPPORT FOUNDATION is a small nonprofit in the Youth Development sector that reported $366K in total revenue in fiscal year 2024. Revenue surged 279% from the prior year, signaling strong growth momentum. The organization ran a surplus of $244K, a strong 67% operating margin.

Mission

WE FUND YOUNG MUSICIANS AND MUSIC EDUCATORS IN THE AREA OF MUSIC PERFORMANCE. THE SOUND SUPPORT FOUNDATION RAISES FUNDS BY ACCEPTING DONATIONS, BY HOSTING EVENTS SUCH AS TICKETED CONCERTS, AND OTHER EVENTS, THE PROCEEDS OF WHICH ARE USED FOR SCHOLARSHIPS AND CREATING RESOURCE MATERIALS FOR STUDENTS AND EDUCATORS.

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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 $365,701

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $365,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $121,643

Other Expenses $121,643

TOTAL EXPENSES $121,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$365,701	$96,442	+2.8%
Expenses	$121,643	$91,113	+0.3%
Net Income	$244,058	$5,329	+44.8%

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

N/A

Employees

N/A

Volunteers

N/A

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
CALEB CHAPMAN	SECRETARY	10.00	Officer	$0	$0	$0
JIM DETJEN	PRESIDENT	10.00	Officer	$0	$0	$0
RANDY MORRIS	TREASURER	10.00	Officer	$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	$365,701	$121,643	$250,745	$244,058

SOUND SUPPORT FOUNDATION