FRIENDS OF THE RECORD COMPANY INC (EIN 841799483) - 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

2019

Legal Domicile

Principal Officer

BOBBY BOYD

Phone

6177650155

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

PROVIDE SUPPORT TO THE RECORD COMPANY, INC. ("TRC")

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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 $0

Program Service Revenue $664,971

Investment Income $0

Other Revenue $0

TOTAL REVENUE $664,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $33,733

Program Expenses $603,999

Other Expenses $709,103

TOTAL EXPENSES $709,103

Year-over-Year Comparison

	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%

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

N/A

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

$110,372

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

FRIENDS OF THE RECORD COMPANY INC