SING FOR HOPE INC (EIN 010856384) - 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

Formation Year

2006

Legal Domicile

Principal Officer

CAMILLE ZAMORA

Phone

2129665955

Tax Period

2022-08-01 to 2023-07-31

SING FOR HOPE INC, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2022. Revenue fell 59% from the prior year — a significant decline worth monitoring. Net assets of $7.0M represent 31 months of operating reserves.

Mission

SING FOR HOPE, INC. (THE ORGANIZATION) HARNESSES THE POWER OF THE ARTS TO CREATE A BETTER WORLD. THE ORGANIZATION'S CREATIVE PROGRAMS BRING HOPE, HEALING, AND CONNECTION TO MILLIONS OF PEOPLE IN HOSPITALS, CARE FACILITIES, SCHOOLS, REFUGEE CAMPS, TRANSIT HUBS, AND COMMUNITY SPACES WORLDWIDE. A NON-PROFIT ORGANIZATION FOUNDED IN NEW YORK CITY IN RESPONSE TO THE EVENTS OF 9/11, THE ORGANIZATION PARTNERS WITH HUNDREDS OF COMMUNITY-BASED ORGANIZATIONS, MOBILIZES THOUSANDS OF ARTISTS IN CREATIVE SERVICE, AND PRODUCES ARTIST-CREATED SING FOR HOPE PIANOS ACROSS THE U.S. AND AROUND THE WORLD.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,273,096

Program Service Revenue $464,494

Investment Income $0

Other Revenue $-33,938

TOTAL REVENUE $2,703,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,187,649

Fundraising Expenses $97,793

Program Expenses $2,384,050

Other Expenses $1,618,266

TOTAL EXPENSES $2,805,915

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,703,652	$6,639,401	-0.6%
Expenses	$2,805,915	$2,068,863	+0.4%
Net Income	$-102,263	$4,570,538	-1.0%

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

Employees

124

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

$366,977

Total Directors

$232,263

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BEAHM	TRUSTEE	2.00	Director	$0	$0	$0
JON BATISTE	TRUSTEE	2.00	Director	$0	$0	$0
MIDORI MIYAZAKI	TRUSTEE	2.00	Director	$0	$0	$0
GARANCE CHOKO	TRUSTEE	2.00	Director	$0	$0	$0
CASANDRA DIGGS	TRUSTEE	2.00	Director	$0	$0	$0
TAHRA LORE GRANT	TRUSTEE	2.00	Director	$0	$0	$0
DAMIAN WOETZEL	TRUSTEE	2.00	Director	$0	$0	$0
EVA HALLER	TRUSTEE	2.00	Director	$0	$0	$0
ANNABELLE GARRETT	TRUSTEE	2.00	Director	$0	$0	$0
JOSH PULTZ	TRUSTEE	2.00	Director	$0	$0	$0
KARA UNTERBERG	TRUSTEE	2.00	Director	$0	$0	$0
BILLY WEISMAN	TRUSTEE	2.00	Director	$0	$0	$0
ANN ZIFF	TRUSTEE	2.00	Director	$0	$0	$0
ANDREA BOCELLI	TRUSTEE	2.00	Director	$0	$0	$0
RENEE FLEMING	TRUSTEE	2.00	Director	$0	$0	$0
MUHAMMAD YUNUS	TRUSTEE	2.00	Director	$0	$0	$0
LINDA E JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
MARGIE LOEB	TRUSTEE	2.00	Director	$0	$0	$0
MONIQUE COLEMAN	TRUSTEE	2.00	Director	$0	$0	$0
KATIE LOEB TERM 323	TRUSTEE	2.00	Director	$0	$0	$0
JEFFREY CHERTOFF	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREA JUNG	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
ROCHELLE KING	CHAIR OF THE BOARD	2.00	Officer Director	$0	$0	$0
MONICA YUNUS	CO-FOUNDING DIRECTOR	40.00	Officer Director	$113,664	$1,825	$115,489
CAMILLE ZAMORA	CO-FOUNDING DIRECTOR	40.00	Officer Director	$113,664	$3,110	$116,774
RICHARD ROBERTSON	CHIEF OPERATING OFFICER	40.00	Officer	$122,427	$12,287	$134,714

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	No data	No data	No data	No data
2023	$2,703,652	$2,805,915	$7,109,672	$-102,263
2022	$6,639,401	$2,068,863	$7,187,612	$4,570,538
2021	$1,889,471	$2,078,314	$2,840,187	$-188,843
2020	$930,676	$1,757,025	$2,997,293	$-826,349
2019	$2,985,916	$1,939,574	$3,602,195	$1,046,342
2018	$2,975,125	$1,553,488	$2,646,612	$1,421,637

SING FOR HOPE INC