HIGH SCHOOL FOR RECORDING ARTS

EIN: 411915563 501(c)(3) Education

SAINT PAUL, MN

Total Revenue
$4,986,094
Total Expenses
$5,212,661
Total Assets
$2,980,307
Net Assets
$-307,941
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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
MN
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

THE MISSION OF HSRA IS TO PROVIDE YOUTH THE OPPORTUNITY TO ACHIEVE A HIGH SCHOOL DIPLOMATHROUGH THE EXPLORATION AND OPERATION OF THE MUSIC BUSINESS AND OTHER CREATIVE ENDEAVORS.

Program Service Accomplishments

Program 1
Expenses: $4,691,397

THE HIGH SCHOOL FOR RECORDING ARTS EDUCATIONAL PROGRAM PARTNERS WITH A PROFESSIONAL MUSICPRODUCTION FACILITY, STUDIO 4. MANY STUDENTS LEARN THROUGH INDIVIDUAL AND GROUP PROJECTS RELATED TO CORE...

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THE HIGH SCHOOL FOR RECORDING ARTS EDUCATIONAL PROGRAM PARTNERS WITH A PROFESSIONAL MUSICPRODUCTION FACILITY, STUDIO 4. MANY STUDENTS LEARN THROUGH INDIVIDUAL AND GROUP PROJECTS RELATED TO CORE ACADEMIC AREAS AND THE MUSIC INDUSTRY. ACCESS TO THE RECORDING STUDIO HELPS KEEP STUDENTS MOTIVATED FOR ACADEMIC LEARNING. HSRA SERVED 424 STUDENTS DURING THE FISCAL YEAR.

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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 (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

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Governance

Voting Members
4
Independent Members
3
Employees
47
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
5
$63,988
Total Directors
6
$63,988
Key Employees
0
$0
Highest Compensated
0
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
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