CLASSICAL RECORDING FOUNDATION INC

EIN: 134187337 501(c)(3) Arts, Culture & Humanities

South Salem, NY

Total Revenue
$397,590
Total Expenses
$413,320
Total Assets
$117,998
Net Assets
$116,748
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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
NY
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

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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 (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

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Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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