HORTON RECORDS LTD

EIN: 453759881 501(c)(3) Arts, Culture & Humanities

Tulsa, OK

Total Revenue
$285,206
Total Expenses
$201,554
Total Assets
$127,997
Net Assets
$127,997
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
OK
Principal Officer
Brian Horton
Phone
9186450058
Tax Period
2024-01-01 to 2024-12-31

HORTON RECORDS LTD, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $285K in total revenue in fiscal year 2024. The organization ran a surplus of $84K, a strong 29% operating margin.

Mission

Our mission is to provide support and tools for band management promotion booking merchandising and distribution in order to help local and regional musicians fulfill their artistic goals and further promote local and regional music on a broader scale. We actively partner with other organizations and individuals to broaden and strengthen our community through our musical endeavors.

Program Service Accomplishments

Program 1
Expenses: $138,096 Revenue: $0

Horton Records provides a number of administrative services and expertise in managing processes related to the recording manufacture and distribution of music on behalf of artists. We also provide...

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Horton Records provides a number of administrative services and expertise in managing processes related to the recording manufacture and distribution of music on behalf of artists. We also provide funding to launch recording sessions or cover the costs of mixing mastering or other manufacturing expenses as well as promotional efforts and showcase events on a project-by-project basis. Horton Records formally released 9 new titles released from different artists including digital vinyl and CD formats while consulting on and initiating 10 future projects.

Program 2
Expenses: $0 Revenue: $0

Horton Records LTD planned launched a project in 2021 featuring a dozen Cherokee Native American artists recording original contemporary music translated and sung in the native Cherokee language. We...

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Horton Records LTD planned launched a project in 2021 featuring a dozen Cherokee Native American artists recording original contemporary music translated and sung in the native Cherokee language. We believe this to be the first project of its kind for contemporary music .It involves musicians producers sound engineers language translator s graphic designers photographers videographers publicists and more. The project continued into 2022 which culminated in a release celebration on the Cherokee National Holiday in Sep 2022 that included live performances and testimonials in front of 200k-300k Cherokee people over that weekend. Another showcase event for these artists was held at Cains Ballroom in Oct 2022 as a part of a joint conference sponsored by Bob Dylan Center and American Folklore Society. In 2023 new live performance and music licensing opportunities were made available to musicians affiliated with this Cherokee project. 1 full length album and 1 digital single were released in 2023 by Cherokee artists with groundwork laid for 2 more releases in 2024. Funding was secured in 2024 to complete a second compilation of original contemporary music from Cherokee artists sung in the Cherokee language. We expect have expenditures in 2025 with a Fall 2025 release or Spring 2026 release.

Program 3
Expenses: $21,624 Revenue: $33,997

Horton Records provides online platforms and physical distribution and inventory management processes for the sale of artist merchandise. This includes full order fulfillment on behalf of artists as...

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Horton Records provides online platforms and physical distribution and inventory management processes for the sale of artist merchandise. This includes full order fulfillment on behalf of artists as well as physical and digital distribution management. There are currently 120+ titles released through the Horton Records catalog that are managed on behalf of musicians.

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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 $188,202
Program Service Revenue $61,648
Investment Income $0
Other Revenue $35,356
TOTAL REVENUE $285,206

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $16,880
Program Expenses $159,720
Other Expenses $201,554
TOTAL EXPENSES $201,554

Year-over-Year Comparison

2024 2023 Change
Revenue $285,206 N/A N/A
Expenses $201,554 N/A N/A
Net Income $83,652 $0 N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
20

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian Horton President 18.00
Director
$0 $0 $0
Julie Watson Vice President 5.00
Director
$0 $0 $0
Dylan Layton Treasurer 3.00
Director
$0 $0 $0
Abbie Marquette Secretary 3.00
Director
$0 $0 $0
Lori Pool Director 3.00
Director
$0 $0 $0
Phil Clarkin Director 3.00
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 $285,206 $201,554 $127,997 $83,652
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