CLASSICAL RECORDING FOUNDATION INC

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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

2003

Legal Domicile

Principal Officer

Adam Abeshouse

Phone

9147388754

Tax Period

2023-01-01 to 2023-12-31

CLASSICAL RECORDING FOUNDATION INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $398K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

Recording, releasing and promoting new classical recordings

Program Service Accomplishments

Program 1

Expenses: $412,615 Revenue: $397,590

Providing the greatest artists and composers of our time an opportunity to record, release and promote new classical recordings.

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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 (2023)

Revenue Breakdown

Contributions & Grants $397,590

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $397,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $412,615

Other Expenses $413,320

TOTAL EXPENSES $413,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,590	$284,900	+0.4%
Expenses	$413,320	$257,555	+0.6%
Net Income	$-15,730	$27,345	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Neil Yelsey	Acting President	2.00	Director	$0	$0	$0
Adam Abeshouse	Former President (decd)	20.00		$0	$0	$0
Robert W Jones	Trustee	1.00	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
2024	No data	No data	No data	No data
2023	$397,590	$413,320	$117,998	$-15,730
2022	$284,900	$257,555	No data	$27,345
2021	$305,250	$293,540	$106,383	$11,710
2019	$355,044	$349,394	$30,279	$5,650
2018	$10,710	$21,611	$31,130	$-10,901