Horton Records Ltd

Nonprofit profile at a glance

EIN
453759881
IRS 990-EZ coverage
2014–2025
Forms available
Form 990 2024, Form 990-EZ 2025, Form 990-N 2013
Location
Tulsa, OK, USA
Rating
95
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$154,759
Expenses
$193,930
Assets
$88,826

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Brian Horton (President)
  • Julie Watson (Vice President)

People named in this filing

  • Brian Horton (President)
  • Julie Watson (Vice President)
  • Dylan Layton (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Horton Records LTD is a non-profit 501c-3 organization based in Tulsa OK. 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 strengthen and enrich our community through musical endeavors that build on the rich musical heritage of our region.

What it reported doing in 2025

Horton Records launched a new free weekly music series at Tulsa VFW Post 577 called The Friday Hang. The series features live original music from Oklahoma artists with complimentary pizza or potluck food. The objective of this effort is multi-layered. Were not only supporting musicians but were also supporting the veterans mission. The VFW is a 100 year old facility and a historical landmark. It was not being recognized or fully utilized as a performance space. By patronizing the event weve increased their financial revenues by 1000% through music events. Awareness has grown for their other programming and the VFW has seen an increase in membership. Weve also established a new performance space in the growing Tulsa-area music scene which has spawned other music events in this space. Once again the response has been tremendous and the momentum continues to build with support for upgrading production capabilities for additional larger scale music events with touring acts.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.1%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -25.3%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.46; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 20.4% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 15.1% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 15.2% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $182K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2014 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 5/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.