CORPORATION FOR PUBLIC BROADCASTING (EIN 132607374) - 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

1967

Legal Domicile

Principal Officer

PATRICIA DE STACY

Tax Period

2025-10-01 to 2026-02-28

CORPORATION FOR PUBLIC BROADCASTING, founded in 1967, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2025. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $194.0M exceeded revenue, resulting in a 3637% operating deficit.

Mission

TO ENSURE UNIVERSAL ACCESS TO NON-COMMERCIAL, HIGH-QUALITY CONTENT AND TELECOM SERVICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $630,949

Program Service Revenue $0

Investment Income $1,582,572

Other Revenue $2,977,781

TOTAL REVENUE $5,191,302

Expense Breakdown

Grants Paid $175,783,056

Salaries & Benefits $3,948,422

Fundraising Expenses $0

Program Expenses $177,058,567

Other Expenses $14,292,691

TOTAL EXPENSES $194,024,169

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,191,302	$630,812,459	-1.0%
Expenses	$194,024,169	$673,533,834	-0.7%
Net Income	$-188,832,867	$-42,721,375	+3.4%

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

111

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

$3,168,800

Total Directors

$9,000

Key Employees

$519,106

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUBY CALVERT	BOARD CHAIR	5.00	Director	$3,300	$0	$3,300
ELIZABETH SEMBLER	VICE CHAIR	3.00	Director	$1,200	$0	$1,200
DIANE KAPLAN	BOARD MEMBER (THRU 01/26)	3.00	Director	$4,500	$0	$4,500
MIRIAM HELLREICH	BOARD MEMBER (AS OF 01/26)	3.00	Director	$0	$0	$0
PATRICIA DE STACY HARRISON	PRESIDENT & CEO (THRU 02/26)	50.00	Officer	$467,486	$161,050	$628,536
KATHLEEN MERRITT	EVP & COO (THRU 01/26)	40.00	Officer	$467,791	$106,264	$574,055
DEBRA SANCHEZ EVP GOV'T EXT	AFF. & ACTING CORP. SEC. (THRU 11/25)	40.00	Officer	$604,530	$130,195	$734,725
EVAN SLAVITT SVP	GENERAL COUNSEL (THRU 11/25)	50.00	Officer	$393,389	$87,979	$481,368
DARYL MINTZ	CFO & TREASURER (THRU 02/26)	50.00	Officer	$408,688	$87,486	$496,174
CLAYTON BARSOUM EVP GOVT EXT	AFFAIRS & ACTING CORP SEC (BEG 12/25, THRU 01/26)	40.00	Officer	$203,366	$50,576	$253,942
KATHRYN WASHINGTON	SVP, TELEVISION CONTENT (THRU 01/26)	40.00	Key Emp	$422,352	$96,754	$519,106
STEPHEN P WOLFE	CTO & SVP, INFO. TECH. (THRU 02/26)	40.00	Highest	$451,182	$122,625	$573,807
DEBORAH CARR	SVP, OP. & STRAT. (THRU 12/25)	40.00	Highest	$501,536	$117,743	$619,279
MICHAEL FRAGALE VP GEN	MNGR, ED STRAT. & CONT. (THRU 01/26)	40.00	Highest	$407,595	$67,787	$475,382
WILLIAM J RICHARDSON III	SR. DIR & DEPUTY INSP. GEN. (THRU 09/25)	40.00	Highest	$366,476	$29,675	$396,151
CARA DALRYMPLE	VP, HR (THRU 02/26)	40.00	Highest	$322,091	$86,524	$408,615
TERESA SAFON	FORMER SVP, CORP SEC & CHIEF OF STAFF	50.00		$624,227	$144,714	$768,941
MICHAEL LEVY	FORMER EVP & COO	50.00		$583,561	$144,714	$728,275

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
2026	$5,191,302	$194,024,169	No data	$-188,832,867
2025	$630,812,459	$673,533,834	$277,960,550	$-42,721,375
2024	$640,116,285	$590,304,869	$398,899,177	$49,811,416
2023	$582,013,746	$518,711,187	$330,483,332	$63,302,559
2022	$510,917,345	$483,823,249	$262,350,102	$27,094,096
2021	$678,569,898	$729,672,759	$239,715,945	$-51,102,861
2020	$570,544,906	$540,901,469	$250,568,009	$29,643,437
2019	$498,325,302	$481,105,212	$235,363,004	$17,220,090
2018	$493,559,419	$549,127,883	$237,537,410	$-55,568,464

CORPORATION FOR PUBLIC BROADCASTING