NASHVILLE, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOCIETY FOR THE PRESERVATION & ENCOURAGE OF BARBERSHOP QUARTET SINGING IN AMERICA, founded in 1938, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 23% operating margin.
THE ORGANIZATION'S COLLECTIONS ARE MADE UP PRINCIPALLY OF SHEET MUSIC, AUDIO AND VIDEO RECORDINGS, AND ITEMS OF HISTORICAL SIGNIFICANCE TO THE BARBERSHOP HARMONY SOCIETY THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. THESE ITEMS ARE CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES THE PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THERE WERE NO COLLECTION SALES FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022.
THE CEO AND THE BOARD REACHED AN AGREEMENT ON THE SEPARATION WITH THE ORGANIZATION. CONTRACTUAL PAYMENTS UNDER THE CEO'S EMPLOYMENT AGREEMENT RESULTED IN SEVERANCE PAYMENTS ACCRUED BY THE...
THE CEO AND THE BOARD REACHED AN AGREEMENT ON THE SEPARATION WITH THE ORGANIZATION. CONTRACTUAL PAYMENTS UNDER THE CEO'S EMPLOYMENT AGREEMENT RESULTED IN SEVERANCE PAYMENTS ACCRUED BY THE ORGANIZATION IN 2023 WITH PAYMENTS TO BE MADE BY THE ORGANIZATION THROUGH NOVEMBER 2024.
OUTREACH: THE BARBERSHOP HARMONY SOCIETY UNDERTAKES ROBUST OUTREACH INITIATIVES TARGETING MUSIC EDUCATORS, YOUTH, AND DIVERSE SINGING COMMUNITIES. BY CREATING RELATIONSHIPS, PROVIDING FREE RESOURCES...
OUTREACH: THE BARBERSHOP HARMONY SOCIETY UNDERTAKES ROBUST OUTREACH INITIATIVES TARGETING MUSIC EDUCATORS, YOUTH, AND DIVERSE SINGING COMMUNITIES. BY CREATING RELATIONSHIPS, PROVIDING FREE RESOURCES, AND ORGANIZING EVENTS, OUR EFFORTS AIM TO: CULTIVATE AN ENVIRONMENT WHERE YOUNG INDIVIDUALS RECEIVE MUSIC EDUCATION AND ENGAGE IN COLLECTIVE SINGING, NURTURING THEIR HOLISTIC DEVELOPMENT. BREAK DOWN PERCEIVED BARRIERS AND BRIDGE GENERATIONAL AND CULTURAL DIVIDES THROUGH SHARED MUSICAL EXPERIENCES. PROVIDE SUPPORT MECHANISMS FOR INDIVIDUALS FACING SIGNIFICANT CHALLENGES, EMPOWERING THEM TO NAVIGATE ADVERSITIES WITH RESILIENCE AND STRENGTH. EMPOWER MUSIC EDUCATORS TO ATTRACT AND RETAIN STUDENTS, THEREBY ENRICHING THE VITALITY OF CHORAL MUSIC PROGRAMS AND POSITIVELY IMPACTING YOUNG LIVES. AN EXEMPLARY PROGRAM UNDER OUR OUTREACH UMBRELLA IS NEXT GENERATION BARBERSHOP (NGB), TAILORED TO SINGERS AGED 25 AND UNDER. THROUGH IMMERSIVE EXPERIENCES LIKE THE NGB JUNIOR CHORUS INVITATIONAL AND THE NGB VARSITY QUARTET CONTEST, PARTICIPANTS NOT ONLY DISCOVER THE JOY OF HARMONY SINGING BUT ALSO DEVELOP ESSENTIAL LIFE SKILLS SUCH AS CONFIDENCE, DISCIPLINE, AND TEAMWORK. THE IMMERSIVE EXPERIENCE OF THE NGB JUNIOR CHORUS INVITATIONAL INCLUDES CLINICS AND WORKSHOPS BY WORLD-RENOWNED EXPERTS, CULMINATING IN A CHORUS FESTIVAL AND A SPECTACULAR CLOSING CEREMONY FEATURING ALL VOICES. THIS PROGRAM OFFERS SINGERS A MOUNTAINTOP EXPERIENCE THAT LOCKS IN A LIFELONG APPRECIATION FOR VOCAL HARMONY AND THE COMMUNAL EXPERIENCE OF THE BARBERSHOP CULTURE. THE PROGRAM FURTHER HELPS YOUNG SINGERS INCREASE THEIR CONFIDENCE, DISCIPLINE, TEAMWORK, AND CREATIVITY, HELPING THEM BECOME STRONGER LEADERS IN THEIR SCHOOLS, COMMUNITIES, AND FAMILIES. SUBSTANTIAL SCHOLARSHIPS BASED ON NEED, TRAVEL DISTANCE, AND PAST PARTICIPATION ENSURE MAXIMUM PROGRAM IMPACT. FURTHERMORE, OUR DISTRIBUTION OF SHEET MUSIC, EDUCATIONAL VIDEOS, AND LEARNING TRACKS TO MUSIC EDUCATORS HAS REACHED OVER 25,000 UNITS IN THE PAST FIVE YEARS, ENHANCING THE VIBRANCY OF CHORAL MUSIC PROGRAMS NATIONWIDE. COLLABORATIONS WITH OTHER CHORAL ORGANIZATIONS AND OPERATIONAL SUPPORT SERVICES FOR LOCAL SINGING COMMUNITIES FURTHER AMPLIFY OUR OUTREACH IMPACT, FOSTERING A THRIVING ECOSYSTEM OF HARMONY ENTHUSIASTS.
SINGING COMMUNITY SUPPORT: THE BARBERSHOP HARMONY SOCIETY CHAMPIONS THE ADVANCEMENT OF ARTISTIC AND LEADERSHIP SKILLS WITHIN SINGING COMMUNITIES, WHILE ALSO DIVERSIFYING REVENUE STREAMS TO ENSURE...
SINGING COMMUNITY SUPPORT: THE BARBERSHOP HARMONY SOCIETY CHAMPIONS THE ADVANCEMENT OF ARTISTIC AND LEADERSHIP SKILLS WITHIN SINGING COMMUNITIES, WHILE ALSO DIVERSIFYING REVENUE STREAMS TO ENSURE SUSTAINABILITY. THROUGH OUR INITIATIVES, WE STRIVE TO ACHIEVE THE FOLLOWING OUTCOMES: ELEVATE THE OVERALL QUALITY OF LIFE FOR SINGERS AND COMMUNITIES ALIKE THROUGH THE FELLOWSHIP AND CREATIVE EXPRESSION FOSTERED BY HARMONY SINGING. ENHANCE THE ARTISTIC PROWESS OF INDIVIDUAL SINGERS AND MUSICAL LEADERS, ENABLING THEM TO MAKE A PROFOUND IMPACT ON THEIR AUDIENCES AND ATTRACT MORE INDIVIDUALS TO THE TRANSFORMATIVE POWER OF COLLECTIVE SINGING. EQUIP VOLUNTEER LEADERS WITH THE NECESSARY SKILLS TO GUIDE SINGING COMMUNITIES TOWARD LONG-TERM SUSTAINABILITY. AT THE HEART OF OUR EFFORTS LIES HARMONY UNIVERSITY (HU), A MULTIFACETED EDUCATION PROGRAM OFFERING COURSES TAILORED TO DIRECTORS, MUSIC EDUCATORS, YOUTH, AND PERFORMING ARTISTS. WHETHER THROUGH INTENSIVE SUMMER SESSIONS, LOCAL FESTIVALS, OR ONLINE MODULES, HU SERVES AS A NEXUS FOR SKILL DEVELOPMENT AND KNOWLEDGE DISSEMINATION, BENEFITING THOUSANDS OF PARTICIPANTS SINCE ITS INCEPTION. OUR HU ONE-WEEK SUMMER INTENSIVE PROGRAM HAS SERVED MORE THAN 20,000 CHORUS DIRECTORS, MUSIC EDUCATORS, ARRANGERS, CLINICIANS, COACHES, AND YOUTH PARTICIPANTS SINCE ITS INCEPTION, WHO RETURN TO THEIR LOCAL COMMUNITIES WITH THE TOOLS TO SUPPORT AND ENCOURAGE SINGING IN THEIR COMMUNITIES. HU 2024 WILL BE HELD IN DENVER, CO AT THE UNIVERSITY OF DENVER IN JULY. COURSEWORK INCLUDES MUSIC LEADERSHIP AND LIFELONG MUSIC EDUCATION, MUSIC THEORY, PERFORMANCE AND SINGING TECHNIQUES, AND COMMUNITY LEADER TRAINING. COMPLEMENTING HU ARE INITIATIVES SUCH AS THE LEADERSHIP SUMMIT, CONTEST & JUDGING PROGRAM, AND MUSIC EDUCATION AND CLINICIAN SERVICES, WHICH COLLECTIVELY EQUIP SINGING COMMUNITIES WITH THE TOOLS, RESOURCES, AND EXPERTISE NEEDED FOR SUSTAINED GROWTH AND ARTISTIC EXCELLENCE. ADDITIONALLY, OUR COMMITMENT TO MUSIC PRESERVATION ENSURES THAT A RICH TAPESTRY OF BARBERSHOP REPERTOIRE REMAINS ACCESSIBLE TO PRESENT AND FUTURE GENERATIONS OF HARMONY ENTHUSIASTS. WE PROVIDE ARTISTIC SERVICES INCLUDING LICENSING AND COPYRIGHT CLEARANCE FOR MUSIC AND PERFORMANCES, DEVELOPING AND DISTRIBUTING NEW MUSIC AND ARRANGEMENTS, AND CURATING ARCHIVAL RECORDINGS OF OVER 5,000 INDIVIDUAL TAPES, REELS, CYLINDERS, RECORDS, AND OTHER MEDIA, IN 41 DIFFERENT ANALOG FORMATS, CAPTURING 30,000 TO 100,000+ INDIVIDUAL SONGS. THE SOCIETY MAKES MUSIC IN FOUR-PART, A CAPPELLA HARMONY MORE WIDELY ACCESSIBLE BY PRODUCING AND DISTRIBUTING MORE THAN 7,000 MUSICAL ARRANGEMENTS FOR MEN'S (TTBB), WOMEN'S (SSAA), AND MIXED HARMONY (SATB) ENSEMBLES EACH YEAR. THIS REPRESENTS THE LARGEST AVAILABLE INVENTORY OF FOUR-PART A CAPPELLA AND BARBERSHOP-ORIENTED SHEET MUSIC AVAILABLE IN THE WORLD. THE SOCIETY'S OLD SONG'S LIBRARY HOLDS MORE THAN 125,000 PIECES OF MUSIC, WHICH CONTINUES TO INSPIRE MUSICIANS, HISTORIANS, AND ARRANGERS TO REINTRODUCE THESE PIECES TO THE PUBLIC. WE PROVIDE OPERATIONAL SERVICES FOR LOCAL SINGING COMMUNITIES, INCLUDING LEGAL FORMATION, INSURANCE, BOARD DEVELOPMENT, DUES COLLECTION, TECHNOLOGY PLATFORMS, ETC. THESE ARE DESIGNED TO HELP THESE COMMUNITIES OPERATE SMOOTHLY AND NIMBLY SO THAT THEIR ATTENTION CAN BE FOCUSED ON THEIR IMPACT AND ARTISTRY. CURRENTLY, OVER 85% OF CHAPTERS AGREE THAT THEY ARE VALUABLE. WITH A REACH OF OVER 220,000 PEOPLE, OUR PROGRAMS CONNECT SINGERS AND SINGING COMMUNITIES WORLDWIDE THROUGH SOCIAL MEDIA AND ONLINE EFFORTS. THROUGH THESE COMPREHENSIVE EDUCATIONAL ENDEAVORS, THE BARBERSHOP HARMONY SOCIETY AIMS TO INSPIRE, EDUCATE, AND EMPOWER INDIVIDUALS AND COMMUNITIES WORLDWIDE, FOSTERING A WORLD WHERE THE TRANSFORMATIVE POWER OF HARMONY SINGING IS UNIVERSALLY RECOGNIZED AND CELEBRATED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,828,729 | $4,352,637 | +0.6% |
| Expenses | $5,242,726 | $5,324,510 | 0.0% |
| Net Income | $1,586,003 | $-971,873 | -2.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NOAH FUNDERBURG | IMMEDIATE PAST PRESIDENT (BEG 11/23 | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN SANTORA | PRESIDENT | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN DONEHOWER | IMMEDIATE PAST PRESIDENT (END 8/23 | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN KELLER | EXECUTIVE VP (BEG 12/23) | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| DWAYNE COOPER | TREASURER | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIM MYERS | BOARD TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| MARIA CHRISTIAN | BOARD TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| JEREMY BRANN | BOARD TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| LARRY BOMBACK | BOARD TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| CHRISTIAN HUNTER | BOARD TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| JOE MCDONALD | BOARD TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| BLAIR BROWN | BOARD TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ZACHARY MATERNE | BOARD TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| MARTIN MONSON NON-VOTING | CEO/SECRETARY (END 08/23) | 40.00 |
Officer
|
$207,538 | $38,427 | $245,965 |
| ERIK P DOVE | CFO/COO | 40.00 |
Officer
|
$167,024 | $20,051 | $187,075 |
| STEVE DENINO | EXECUTIVE VP(END 09/23)/CEO BEG 9/23 | 10.00 |
Officer
|
$53,286 | $1,650 | $54,936 |
| ERIN HARRIS | CPO (END 06/23) | 40.00 |
Highest
|
$102,595 | $6,485 | $109,080 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,828,729 | $5,242,726 | $6,650,332 | $1,586,003 |
| 2022 | $4,352,637 | $5,324,510 | $4,192,087 | $-971,873 |
| 2021 | $3,795,133 | $4,334,651 | $5,301,089 | $-539,518 |
| 2020 | $3,769,794 | $4,818,941 | $5,931,331 | $-1,049,147 |
| 2019 | $5,120,923 | $5,906,003 | $5,907,785 | $-785,080 |
| 2018 | $5,065,777 | $5,510,571 | $5,653,733 | $-444,794 |
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