Sound Child Care Solutions
Sound Child Care Solutions demonstrates consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 20551791 · Seattle, WA · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.0M |
| Total Expenses | $9.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10M |
| Net Assets | $4.4M |
| Transparency Score | 90/100 |
Is Sound Child Care Solutions Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sound Child Care Solutions directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sound Child Care Solutions
Sound Child Care Solutions (EIN: 20551791) is a nonprofit organization based in Seattle, WA, classified under NTEE code B21. The organization reported total revenue of $10.0M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sound Child Care Solutions's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sound Child Care Solutions is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.2M |
| Total Expenses | $9.6M |
| Surplus / Deficit | +$649K |
| Total Assets | $6.8M |
| Total Liabilities | $2.3M |
| Net Assets | $4.4M |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Sound Child Care Solutions reported a surplus of $649K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sound Child Care Solutions's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.5% | +19.5% | +31.2% |
| 2022 | +6.7% | +13.6% | +23.8% |
| 2021 | +17.6% | +7.4% | +58.7% |
| 2020 | +5.2% | -2.3% | +25.1% |
| 2019 | +9.9% | +3.7% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sound Child Care Solutions with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Sound Child Care Solutions allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $649K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.7%.
Executive Compensation Analysis
Sound Child Care Solutions consistently reports 0% officer compensation across all available filings, indicating that top leadership is either unpaid or compensated through mechanisms not classified as officer compensation, which is highly unusual for an organization of its size ($10M+ revenue). This practice significantly reduces overhead related to executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sound Child Care Solutions's IRS 990 filings:
- Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data
- Unusually low (0%) reported officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated if not through this category.
Strengths
The following positive indicators were identified for Sound Child Care Solutions:
- Consistent and significant revenue growth, from $5M in 2014 to over $10M in 2023.
- Strong asset accumulation, increasing from $1.4M in 2014 to $6.7M in 2023, indicating financial stability.
- Expenses consistently lower than revenue in recent years, leading to positive net income and asset growth.
- 0% reported officer compensation across all filings, suggesting highly efficient use of funds for mission-related activities.
- Positive net assets (Assets > Liabilities) in all reported periods, demonstrating financial solvency.
Frequently Asked Questions about Sound Child Care Solutions
Is Sound Child Care Solutions a legitimate charity?
Based on AI analysis of IRS 990 filings, Sound Child Care Solutions (EIN: 20551791) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Sound Child Care Solutions spend its money?
Sound Child Care Solutions directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sound Child Care Solutions tax-deductible?
Sound Child Care Solutions is registered as a tax-exempt nonprofit (EIN: 20551791). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sound Child Care Solutions CEO make?
Sound Child Care Solutions's highest-compensated officer earns $10M annually. The organization reported $10.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sound Child Care Solutions's spending goes to programs?
Sound Child Care Solutions directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sound Child Care Solutions compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Sound Child Care Solutions is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sound Child Care Solutions located?
Sound Child Care Solutions is headquartered in Seattle, Washington and files with the IRS under EIN 20551791. It is classified under NTEE code B21.
How many years of IRS 990 filings does Sound Child Care Solutions have?
Sound Child Care Solutions has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.0M in total revenue.
Is Sound Child Care Solutions a good charity?
Based on the provided financial data, Sound Child Care Solutions appears to be a very good charity. They show consistent revenue growth, strong asset accumulation, and a remarkable 0% reported officer compensation, suggesting a high dedication to their mission and efficient use of funds.
How has Sound Child Care Solutions' financial health changed over time?
Sound Child Care Solutions has shown significant financial improvement and growth over the past decade. Revenue more than doubled from $5,032,893 in 2014 to $10,217,527 in 2023, and assets grew from $1,438,920 to $6,774,627 in the same period, indicating robust financial health and sustainability.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings. This suggests a unique approach where executive leadership may be volunteer-based or compensated in ways not categorized as officer compensation, which contributes to lower administrative overhead.
Filing History
IRS 990 filing history for Sound Child Care Solutions showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sound Child Care Solutions's revenue has grown by 253.3%, moving from $2.9M to $10.2M. Total assets increased by 1598.6% over the same period, from $399K to $6.8M. Total functional expenses rose by 237.2%, from $2.8M to $9.6M. In its most recent filing year (2023), Sound Child Care Solutions reported a surplus of $649K, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $6.8M in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.2M | $9.6M | $6.8M | $2.3M | — | View 990 |
| 2022 | $9.0M | $8.0M | $5.2M | $1.4M | — | View 990 |
| 2021 | $8.4M | $7.0M | $4.2M | $1.4M | — | View 990 |
| 2020 | $7.2M | $6.6M | $2.6M | $1.3M | — | View 990 |
| 2019 | $6.8M | $6.7M | $2.1M | $1.4M | — | View 990 |
| 2018 | $6.2M | $6.5M | $2.1M | $1.4M | — | View 990 |
| 2017 | $5.7M | $5.9M | $1.6M | $573K | — | View 990 |
| 2016 | $6.9M | $6.4M | $1.6M | $457K | — | View 990 |
| 2015 | $5.5M | $5.6M | $1.3M | $638K | — | View 990 |
| 2014 | $5.0M | $5.4M | $1.4M | $560K | — | View 990 |
| 2013 | $4.4M | $4.7M | $1.7M | $506K | — | View 990 |
| 2012 | $5.0M | $3.6M | $2.0M | $460K | — | View 990 |
| 2011 | $2.9M | $2.8M | $399K | $264K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.2M, expenses of $9.6M, and assets of $6.8M (revenue +13.5% year-over-year).
- 2022: Revenue of $9.0M, expenses of $8.0M, and assets of $5.2M (revenue +6.7% year-over-year).
- 2021: Revenue of $8.4M, expenses of $7.0M, and assets of $4.2M (revenue +17.6% year-over-year).
- 2020: Revenue of $7.2M, expenses of $6.6M, and assets of $2.6M (revenue +5.2% year-over-year).
- 2019: Revenue of $6.8M, expenses of $6.7M, and assets of $2.1M (revenue +9.9% year-over-year).
- 2018: Revenue of $6.2M, expenses of $6.5M, and assets of $2.1M (revenue +8.4% year-over-year).
- 2017: Revenue of $5.7M, expenses of $5.9M, and assets of $1.6M (revenue -16.6% year-over-year).
- 2016: Revenue of $6.9M, expenses of $6.4M, and assets of $1.6M (revenue +25.9% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.6M, and assets of $1.3M (revenue +8.3% year-over-year).
- 2014: Revenue of $5.0M, expenses of $5.4M, and assets of $1.4M (revenue +13.9% year-over-year).
- 2013: Revenue of $4.4M, expenses of $4.7M, and assets of $1.7M (revenue -11.4% year-over-year).
- 2012: Revenue of $5.0M, expenses of $3.6M, and assets of $2.0M (revenue +72.3% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.8M, and assets of $399K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sound Child Care Solutions:
Data Sources and Methodology
This transparency report for Sound Child Care Solutions is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.