FREER RECORDS INC (EIN 832361185) - 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

2018

Legal Domicile

Principal Officer

FURY YOUNG

Phone

3477491505

Tax Period

2024-01-01 to 2024-12-31

FREER RECORDS INC, founded in 2018, is a small nonprofit in the Crime & Legal sector that reported $160K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $200K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE CURRENTLY AND FORMERLY INCARCERATED ARTISTS A PLATFORM FOR THEIR WORK TO BE PRODUCED THROUGH HIGH QUALITY MULTIMEDIA ART FORMATS.

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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 $134,598

Program Service Revenue $0

Investment Income $19,275

Other Revenue $5,774

TOTAL REVENUE $159,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,251

Fundraising Expenses $0

Program Expenses $199,998

Other Expenses $71,747

TOTAL EXPENSES $199,998

Year-over-Year Comparison

	2024	2023	Change
Revenue	$159,647	$185,085	-0.1%
Expenses	$199,998	$247,446	-0.2%
Net Income	$-40,351	$-62,361	-0.4%

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

$34,834

Total Directors

$45,356

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FURY YOUNG	PRESIDENT	34.00	Officer	$34,834	$0	$34,834
MONIQUE MULL	CO EXEC DIRE	40.00	Director	$45,356	$0	$45,356
EDDIE BERG	BOARD CHAIR	5.00	Director	$0	$0	$0
MICHAEL LAWRENCE	BOARD MEMBER	5.00	Director	$0	$0	$0
ERIC BORSUK	BOARD MEMBER	5.00	Director	$0	$0	$0
AMY HOLMES	BOARD MEMBER	5.00	Director	$0	$0	$0
AYANA EVANS	BOARD MEMBER	5.00	Director	$0	$0	$0
WILL ROTHSCHILD	BOARD MEMBER	5.00	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	$159,647	$199,998	$126,471	$-40,351
2023	$185,085	$247,446	$167,031	$-62,361
2022	$246,446	$79,595	$229,595	$166,851

FREER RECORDS INC