In this paper, details of the design and implementation of a voice source simulator using Simulink and Matlab are discussed. This simulator is an implementation by model-based design concept. Voice sources can be analyzed and manipulated through various factors by choosing options from GUI input and selecting pre-defined blocks or user created ones. This kind of simulation tool can simplify the procedure of analyzing speech signals for various purposes such as voice quality analysis, pathological voice analysis, and speech coding. Also, basic analysis functions are supported to compare the original signal and the manipulated ones.