FRIENDS OF PUBLIC RADIO ARIZONA

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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

2001

Legal Domicile

Principal Officer

STACY MENDEZ

Phone

4807748452

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF PUBLIC RADIO ARIZONA, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 17% operating margin.

Mission

THE FRIENDS OF PUBLIC RADIO ARIZONA (FPRAZ) ENSURES THE FUTURE VITALITY AND EXCELLENCE OF OUR COMMUNITY'S PUBLIC RADIO STATIONS, KJZZ 91.5 AND KBAQ 89.5, AND BROADENS THEIR SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $5,726,185 Revenue: $0

GRANTS TO PUBLIC RADIO STATIONS: DIRECT CONTRIBUTIONS TO PHOENIX'S PUBLIC RADIO STATIONS.

Program 2

Expenses: $575,942 Revenue: $0

PUBLIC AWARENESS: ACQUIRING AND ADMINISTERING GRANTS TO ENCOURAGE ARTS AND CULTURAL ORGANIZATIONS TO PURCHASE UNDERWRITING SPOTS ON KJZZ AND KBAQ.

Program 3

Expenses: $355,915 Revenue: $0

PUBLIC RADIO PROGRAM PRODUCTION: PROGRAMS THAT HELP SUPPORT KJZZ'S TEEN RADIO PROJECT AS WELL AS KJZZ.

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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 $8,483,986

Program Service Revenue $0

Investment Income $350,946

Other Revenue $-9,425

TOTAL REVENUE $8,825,507

Expense Breakdown

Grants Paid $5,726,185

Salaries & Benefits $0

Fundraising Expenses $432,555

Program Expenses $6,658,042

Other Expenses $1,623,287

TOTAL EXPENSES $7,349,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,825,507	$8,137,844	+0.1%
Expenses	$7,349,472	$6,600,908	+0.1%
Net Income	$1,476,035	$1,536,936	0.0%

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

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

$171,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA PASTORI	CHIEF EXECUTIVE OFFICER	40.00	Officer	$144,825	$26,604	$171,429
ADRIANE YOUNGBLOOD	CHAIR	1.00	Officer Director	$0	$0	$0
STACY MENDEZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LIBBY GOFF	TREASURER	1.00	Officer Director	$0	$0	$0
RITA BOSTICK	SECRETARY	1.00	Officer Director	$0	$0	$0
GLENN WIKE	SECRETARY (THRU 12/2024)	1.00	Officer Director	$0	$0	$0
PALLAV ACHARYA	DIRECTOR	1.00	Director	$0	$0	$0
GERALDINE BELAFSKY	DIRECTOR	1.00	Director	$0	$0	$0
GAIL BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN DARBY	DIRECTOR	1.00	Director	$0	$0	$0
AMY HEISLER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL HICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
JON HOBAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HOLSMAN TETREAULT	DIRECTOR	1.00	Director	$0	$0	$0
BETTY HUM	DIRECTOR	1.00	Director	$0	$0	$0
D'ANGELO JOHNSON	DIRECTOR (THRU 7/2024)	1.00	Director	$0	$0	$0
ESHE PICKETT	DIRECTOR	1.00	Director	$0	$0	$0
JOSE PATINO	DIRECTOR	1.00	Director	$0	$0	$0
DAN SLOAN	DIRECTOR	1.00	Director	$0	$0	$0
KATE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS VARGAS JASA	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN WEBER	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA WORDEN	DIRECTOR (THRU 12/2024)	1.00	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
2025	$8,825,507	$7,349,472	$12,565,435	$1,476,035
2024	No data	No data	No data	No data
2023	$7,838,413	$6,497,597	$8,864,505	$1,340,816
2022	$7,440,783	$7,419,815	$7,510,291	$20,968
2021	$8,168,395	$6,121,192	$7,705,284	$2,047,203
2020	$7,061,408	$7,364,250	$5,257,633	$-302,842
2019	$6,769,047	$7,565,690	$5,590,924	$-796,643
2018	$6,834,549	$7,704,312	$6,436,276	$-869,763