SC ENTERTAINMENT AND MUSIC HALL OF… - 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

2019

Legal Domicile

Principal Officer

DR DAVID GODBOLD

Phone

8643453017

Tax Period

2020-01-01 to 2020-12-31

SC ENTERTAINMENT AND MUSIC HALL OF FAME, founded in 2019, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $18K in total revenue in fiscal year 2020. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $33K exceeded revenue, resulting in a 88% operating deficit.

Mission

THE SOUTH CAROLINA ENTERTAINMENT HALL OF FAME IS A NON-PROFIT ORGANIZATION 501(C)(3) DEVELOPED FOR THE PURPOSE OF HONORING SOUTH CAROLINA NATIVES AND OR THOSE WITH SC CONNECTIONS THAT HAVE ACHIEVED NATIONAL SUCCESS. TO DATE 62 MUSIC AND ENTERTAINMENT CELEBRITIES HAVE BEEN INDUCTED INTO THE HALL OF FAME.

Program Service Accomplishments

Program 1

Revenue: $5,313

RAISE PUBLIC AWARENESS OF SC TALENT

Program 2

Revenue: $2,825

SHOWCASE LOCAL TALENTS

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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 (2020)

Revenue Breakdown

Contributions & Grants $9,500

Program Service Revenue $8,138

Investment Income $0

Other Revenue $150

TOTAL REVENUE $17,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,033

Other Expenses $33,438

TOTAL EXPENSES $33,438

Year-over-Year Comparison

	2020	2019	Change
Revenue	$17,788	$37,542	-0.5%
Expenses	$33,438	$13,485	+1.5%
Net Income	$-15,650	$24,057	-1.7%

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

N/A

Volunteers

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
JUSTIN WILLIAMS	EXECUTIVE DI	N/A	Officer	$0	$0	$0
DENDY BROOKS	TREASURER	N/A	Director	$0	$0	$0
DR DAVID GODBOLD	PRESIDENT	N/A	Director	$0	$0	$0
ROBERT JOHNSON	SECRETARY	N/A	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	$17,788	$33,438	$15,523	$-15,650

SC ENTERTAINMENT AND MUSIC HALL OF FAME