SONO SUPPORT AND DEVELOPMENT

EIN: 990515819 501(c)(3) Health Care

ROCKY MOUNT, NC

Total Revenue
$211,837
Total Expenses
$237,928
Total Assets
$86,192
Net Assets
$86,192
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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
NC
Principal Officer
J HALL THORP
Phone
2529038549
Tax Period
2024-01-01 to 2024-12-31

SONO SUPPORT AND DEVELOPMENT, founded in 2023, is a small nonprofit in the Health Care sector that reported $212K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $238K exceeded revenue, resulting in a 12% operating deficit.

Mission

SONO SUPPORT AND DEVELOPMENT EXISTS TO SERVE HOSPICE LEADERS WITH LEADERSHIP SUPPORT AND EDUCATION, PROVIDE MENOTRING FOR HISTORICALLY UNDER-REPRESENTED GROUPS FOR LEADERSHIP ADVANCEMENT WITHIN HOSPICE ENTITIES, AND PROVIDE END-OF-LIFE TOOLS THAT HOSPICES MAY FIND USEFUL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,549
Program Service Revenue $199,803
Investment Income $485
Other Revenue $0
TOTAL REVENUE $211,837

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $103,192
Other Expenses $237,928
TOTAL EXPENSES $237,928

Year-over-Year Comparison

2024 2023 Change
Revenue $211,837 $129,000 +0.6%
Expenses $237,928 $130,036 +0.8%
Net Income $-26,091 $-1,036 +24.2%
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

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Governance

Voting Members
4
Independent Members
3
Employees
1
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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM BENDEL BOARD MEMBER N/A
Director
$0 $0 $0
MARK LEWANDOWSKI BOARD MEMBER N/A
Director
$0 $0 $0
SETH LEWANDOWSKI EXECUTIVE DI N/A
Director
$0 $0 $0
J HALL THORP BOARD CHAIR N/A
Officer 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 $211,837 $237,928 $86,192 $-26,091
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