VOCAL GROUP HALL OF FAME FOUNDATION

EIN: 232878452 501(c)(3) Arts, Culture & Humanities

SHARON, PA

Total Revenue
$2,638
Total Expenses
$25,668
Total Assets
$670,371
Net Assets
$-112,191
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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
1997
Legal Domicile
PA
Principal Officer
ROBERT CROSBY
Tax Period
2020-01-01 to 2020-12-31

VOCAL GROUP HALL OF FAME FOUNDATION, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $3K in total revenue in fiscal year 2020. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $26K exceeded revenue, resulting in a 873% operating deficit.

Mission

EDUCATE PUBLIC ABOUT VOCAL MUSIC

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,638
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,638

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,128
Other Expenses $25,668
TOTAL EXPENSES $25,668

Year-over-Year Comparison

2020 2019 Change
Revenue $2,638 $5,129 -0.5%
Expenses $25,668 $25,077 +0.0%
Net Income $-23,030 $-19,948 +0.2%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROLD GWIN BOARD MEMBER 10.00
Director
$0 $0 $0
GARY FERENCIK BOARD MEMBER 10.00
Director
$0 $0 $0
ROBERT CROSBY PRESCEOCHAIRMANSECTREASB 30.00
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
2020 $2,638 $25,668 $670,371 $-23,030
2019 $5,129 $29,285 $679,674 $-24,156
2018 $31,598 $47,436 $691,187 $-15,838
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