HIGH SCHOOL FOR RECORDING ARTS (EIN 411915563) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

ANTHONY SIMMONS

Phone

6512870890

Tax Period

2024-07-01 to 2025-06-30

HIGH SCHOOL FOR RECORDING ARTS, founded in 1988, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

HIGH SCHOOL FOR RECORDING ARTS IS DEFINED BY ITS COMMITMENT TO FIND AND NURTURE THE GENIUS AND CREATIVITY OF EVERY STUDENT DESPITE ANY LIFE CHALLENGES OR SETBACKS.OUR SCHOOL IS BUILT AROUND THE RECOGNITION THAT EVERY LEARNER HAS SPECIAL TALENTS AND STRENGTHS, PASSIONATE INTERESTS, IMPACTFUL EXPERIENCES, AND UNIQUE PERSPECTIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,980,815

Program Service Revenue $0

Investment Income $5,279

Other Revenue $0

TOTAL REVENUE $4,986,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,475,925

Fundraising Expenses $0

Program Expenses $4,691,397

Other Expenses $2,736,736

TOTAL EXPENSES $5,212,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,986,094	$5,737,096	-0.1%
Expenses	$5,212,661	$5,727,560	-0.1%
Net Income	$-226,567	$9,536	-24.8%

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

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

$63,988

Total Directors

$63,988

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRYL YOUNG	BOARD CHAIR/TEACHER	42.00	Officer Director	$63,988	$0	$63,988
MYCHAEL WRIGHT	MEMBER	2.00	Director	$0	$0	$0
PAMELA WEEMS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ETHAN HORACE	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICIA JAMES	MEMBER	2.00	Officer Director	$0	$0	$0
KARA HIRDMAN	MEMBER	45.00	Officer 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	$4,986,094	$5,212,661	$2,980,307	$-226,567
2024	$5,737,096	$5,727,560	$3,771,853	$9,536
2023	$6,422,646	$6,658,987	$4,194,545	$-236,341
2022	$8,311,792	$7,774,476	$4,983,466	$537,316
2021	$7,549,848	$7,032,235	$4,751,970	$517,613
2020	$6,507,706	$6,836,257	$4,899,870	$-328,551
2019	$7,153,001	$6,218,113	$4,567,599	$934,888
2018	$6,079,241	$6,724,052	$5,177,960	$-644,811

HIGH SCHOOL FOR RECORDING ARTS