Society for Presrv & Encrgmnt Barb… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

Bret Morris

Phone

2145268686

Tax Period

2022-01-01 to 2022-12-31

Society for Presrv & Encrgmnt Barbershop The Vocal Majority Chorus, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2022. Revenue surged 203% from the prior year, signaling strong growth momentum. Expenses of $453K exceeded revenue, resulting in a 114% operating deficit.

Mission

To perpetuate and promote the art form of acapella and barbershop singing. Current membership is approximately 150 singers, managed by an all-volunteer Board of Directors.

Program Service Accomplishments

Program 1

Expenses: $245,643

Music purchases, licensing, arranging, instruction, direction, marketing, travel and administration expenses incurred in support of public performances

Program 2

Expenses: $111,494 Revenue: $47,732

Expenses to plan, market, produce, and perform live shows. More than 10,000 people attended these performances of our music.

Program 3

Expenses: $28,874

Cash contributions to charitable and nonprofit organizations and expenses to provide music education and training for members and the public.

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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 $72,481

Program Service Revenue $47,732

Investment Income $3,455

Other Revenue $87,726

TOTAL REVENUE $211,394

Expense Breakdown

Grants Paid $1,325

Salaries & Benefits $41,983

Fundraising Expenses $0

Program Expenses $386,011

Other Expenses $382,396

TOTAL EXPENSES $453,254

Year-over-Year Comparison

	2022	2021	Change
Revenue	$211,394	$69,813	+2.0%
Expenses	$453,254	$242,868	+0.9%
Net Income	$-241,860	$-173,055	+0.4%

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

Volunteers

150

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Strunk	Director	2.50	Officer Director	$0	$0	$0
Mike Thompson	Secretary	5.00	Officer Director	$0	$0	$0
Warren Nagumo	Treasurer	5.00	Officer Director	$0	$0	$0
Pete Moxley	Director	5.00	Officer Director	$0	$0	$0
Bret Morris	President	5.00	Officer Director	$0	$0	$0
Nick Alexander	Vice President	5.00	Officer Director	$0	$0	$0
Clint Blalock	Vice President	2.50	Officer Director	$0	$0	$0
Charlie Lotspeich	Vice President	2.50	Officer Director	$0	$0	$0
Al Haller	Director	2.50	Officer Director	$0	$0	$0
Clint Woodward	Vice President	2.50	Officer Director	$0	$0	$0
Jack Hayes	Director	2.50	Director	$0	$0	$0
John LeBlanc	Vice President	5.00	Officer Director	$0	$0	$0
Robert Divers	Director	2.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2022	$211,394	$453,254	$293,319	$-241,860
2021	$69,813	$242,868	$535,507	$-173,055
2020	$156,202	$310,269	$707,468	$-154,067

Society for Presrv & Encrgmnt Barbershop The Vocal Majority Chorus