BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF THE RECORD COMPANY INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $665K in total revenue in fiscal year 2024.
IT IS THE SOLE PURPOSE OF FRIENDS OF THE RECORD COMPANY, INC. ("FOTRC") TO PROVIDE FINANCING AND FUNDS FOR THE BENEFIT OF THE RECORD COMPANY, INC. ("TRC") IN SUPPORT OF ITS MISSION AND EXEMPT PURPOSE. THESE FUNDS ARE PROVIDED IN THE FORM OF GRANTS AND LOW OR NON-INTEREST BEARING LOANS.
THE CONSTRUCTION WAS COMPLETED AND THE NEW SPACE OPENED IN JANUARY OF 2021, WHICH FEATURES A TOTAL OF 20 ROOMS - FOUR RECORDING STUDIOS, A COMMUNITY GATHERING ROOM, AND 15 SOUND-ISOLATED MUSIC...
THE CONSTRUCTION WAS COMPLETED AND THE NEW SPACE OPENED IN JANUARY OF 2021, WHICH FEATURES A TOTAL OF 20 ROOMS - FOUR RECORDING STUDIOS, A COMMUNITY GATHERING ROOM, AND 15 SOUND-ISOLATED MUSIC "REHEARSAL" SUITES WITH A COMPLEMENT OF MUSICAL INSTRUMENTS AND AMPLIFICATION, WHICH CAN BE USED FLEXIBLY. FOTRC SUBLEASES THE FACILITY TO TRC, WHICH NEARLY TRIPLES TRC'S BOOKABLE CAPACITY AND WILL ALLOW TRC TO SERVE UP TO 20,000 MUSIC MAKERS PER YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $664,971 | $665,411 | 0.0% |
| Expenses | $709,103 | $706,165 | +0.0% |
| Net Income | $-44,132 | $-40,754 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RACHEL JORDAN | CHAIR (THRU 8/24) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW SCHULERT | CHAIR (AS OF 8/24) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ZENA LUM | CO-CHAIR (THRU 8/24) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RODNEY ALEJANDRO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID ALEXANDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT CHOW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TESSIL COLLINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN ESCOBAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROB EUGENE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW LINDLEY | DIRECTOR (THRU 2/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| NADINA TALUKDAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDY YOUNISS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BOBBY BOYD | EXECUTIVE DIRECTOR | 1.00 |
Officer
|
$0 | $372 | $110,372 |
| MATTHEW S MCARTHUR | FORMER EXECUTIVE DIRECTOR | 0.00 |
|
$0 | $2,352 | $113,275 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $664,971 | $709,103 | $8,331,429 | $-44,132 |
| 2024 | $665,411 | $706,165 | $8,500,557 | $-40,754 |
| 2023 | $665,279 | $704,505 | $8,644,299 | $-39,226 |
| 2022 | $322,165 | $654,538 | $4,714,914 | $-332,373 |
| 2021 | $1,005,557 | $179,996 | $5,042,248 | $825,561 |
| 2020 | $44,365 | $36,079 | $4,817,812 | $8,286 |
Compare FRIENDS OF THE RECORD COMPANY INC with other nonprofits in Massachusetts and across the country.