Soundsgood Ministries
Nonprofit profile at a glance
- EIN
- 260777000
- IRS 990-EZ coverage
- 2010–2019
- Forms available
- Form 990 2014, Form 990-EZ 2019
- Location
- Lansing, MI, USA
- Phone
- 5178037657
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Singing, Choral
- Affiliation
- Christianity
Reported finances
- Revenue
- $26,606
- Expenses
- $33,798
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- JEROME VIERLING (PRESIDENT)
People named in this filing
- JEROME VIERLING (PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bridge the gap between today's youth and the church through music and musical events.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 53% for direct work, and 47% for grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Sustainability: 16
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.3%; rating input score 86
- Program expense ratio: 67.9%; rating input score 68
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -27%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.8% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: -10.6% per year; rating input score 0; 26th percentile among comparable filings
- Asset growth: -27.9% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 86.3% of revenue deployed · 67.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $23K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 4 filed schedules
- Filing history: 8 filing years from 2010 to 2019
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 19/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.