WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
CORPORATION FOR PUBLIC BROADCASTING ("CPB") WAS A PRIVATE, NONPROFIT CORPORATION AUTHORIZED BY CONGRESS IN THE PUBLIC BROADCASTING ACT OF 1967 ("THE ACT"). CPB WAS THE STEWARD OF THE FEDERAL GOVERNMENT'S INVESTMENT IN PUBLIC BROADCASTING AND THE LARGEST SINGLE SOURCE OF FUNDING FOR PUBLIC RADIO, TELEVISION AND RELATED ONLINE AND MOBILE SERVICES. CPB'S MISSION WAS TO ENSURE UNIVERSAL ACCESS TO NON-COMMERCIAL, HIGH-QUALITY CONTENT AND TELECOMMUNICATIONS SERVICES FOR THE AMERICAN PEOPLE. IT DID SO BY DISTRIBUTING OVER 70% OF ITS FUNDING DIRECTLY TO MORE THAN 1,500 LOCALLY OWNED PUBLIC RADIO AND TELEVISION STATIONS. REMAINING FUNDS SUPPORTED THE CREATION OF TELEVISION AND RADIO PROGRAMMING, TECHNOLOGY AND INFRASTRUCTURE AND OTHER INITIATIVES THAT ENHANCED THE PUBLIC BROADCASTING SYSTEM. CPB DID NOT PRODUCE PROGRAMMING AND DID NOT OWN, OPERATE OR CONTROL ANY PUBLIC BROADCASTING STATIONS. ADDITIONALLY, CPB, PBS AND NPR ARE INDEPENDENT OF EACH OTHER AND OF LOCAL PUBLIC TELEVISION AND RADIO STATIONS. CPB STRIVED TO SUPPORT DIVERSE PROGRAMS AND SERVICES THAT INFORMED, EDUCATED, ENLIGHTENED AND ENRICHED THE PUBLIC. THROUGH GRANTS, CPB ENCOURAGED THE DEVELOPMENT OF CONTENT THAT ADDRESSED THE NEEDS OF UNDERSERVED AUDIENCES. CPB ALSO FUNDED MULTIPLE DIGITAL PLATFORMS USED BY THOUSANDS OF MEDIA PRODUCERS AND PRODUCTION COMPANIES THROUGHOUT THE COUNTRY. CPB WAS PRIMARILY FUNDED BY THE FEDERAL GOVERNMENT. ALTHOUGH CONGRESS HAD PREVIOUSLY APPROPRIATED $535.0 MILLION ANNUALLY FOR BOTH FISCAL YEARS 2026 AND 2027 (PUBLIC LAWS 118-47 AND 119-4), THESE APPROPRIATIONS WERE RESCINDED IN JULY 2025 BY THE "RESCISSIONS ACT OF 2025" (PUBLIC LAW 119-28), ELIMINATING FUTURE APPROPRIATIONS FOR CPB.
GRANTS AND AGREEMENTS THAT SUPPORT THE OPERATIONS AND INFRASTRUCTURE OF THE PUBLIC MEDIA SYSTEM - SEE SCHEDULE O-COMMUNITY SERVICE GRANTS: THESE WERE UNRESTRICTED GENERAL OPERATING GRANTS MADE TO...
GRANTS AND AGREEMENTS THAT SUPPORT THE OPERATIONS AND INFRASTRUCTURE OF THE PUBLIC MEDIA SYSTEM - SEE SCHEDULE O-COMMUNITY SERVICE GRANTS: THESE WERE UNRESTRICTED GENERAL OPERATING GRANTS MADE TO QUALIFIED PUBLIC TELEVISION AND RADIO STATIONS.-PUBLIC BROADCASTING INTERCONNECTION SYSTEM: FUNDING WAS UTILIZED TO MAINTAIN AND MODERNIZE PUBLIC TELEVISION AND PUBLIC RADIO INTERCONNECTION SYSTEMS AND TO CREATE DIGITAL INFRASTRUCTURE AND EFFICIENCIES WITHIN THE PUBLIC MEDIA SYSTEM. INTERCONNECTION SYSTEMS ARE THE SET OF TECHNOLOGIES AND OPERATIONS REQUIRED TO EXCHANGE CONTENT AND METADATA BETWEEN CONTENT PRODUCERS, AGGREGATORS AND STATIONS.-FEMA NEXT GENERATION WARNING SYSTEM ("NGWS") INCLUDED GRANTS FROM THE DEPARTMENT OF HOMELAND SECURITY TO HELP PUBLIC MEDIA ORGANIZATIONS REPLACE AND UPGRADE INFRASTRUCTURE TO EXPAND AND IMPROVE ALERT, WARNING, AND INTEROPERABLE COMMUNICATIONS, CREATING A MORE RESILIENT AND SECURE PUBLIC ALERTING SYSTEM. THE PROGRAM PRIORITIZED PUBLIC MEDIA STATIONS SERVING UNDERSERVED COMMUNITIES, PRIMARILY IN RURAL AND TRIBAL AREAS. FEMA AWARDED CPB $136.0 MILLION IN TOTAL - $40.0 MILLION WITH A PERIOD OF PERFORMANCE OF FISCAL YEARS 2023-2025, $56.0 MILLION WITH A PERIOD OF PERFORMANCE OF FISCAL YEARS 2024-2026, AND $40.0 MILLION WITH A PERIOD OF PERFORMANCE OF FISCAL YEARS 2025-2027. AFTER CONGRESS ELIMINATED ALL ITS FUTURE APPROPRIATIONS, CPB COULD NO LONGER PROVIDE THE ADMINISTRATIVE SUPPORT REQUIRED TO MANAGE THE NGWS AWARDS AND IT NOTIFIED FEMA OF ITS INTENT TO TERMINATE THE AWARDS EFFECTIVE AUGUST 15, 2025. CPB ISSUED NO SUBAWARDS FROM THESE GRANTS IN FISCAL YEAR 2026; NGWS EXPENSES THIS FISCAL YEAR CONSISTED SOLELY OF INTERNAL COSTS FOR FINAL REPORTING AND CLOSEOUT. -OTHER SYSTEM SUPPORT REPRESENTED EXPENSES FOR THE GENERAL SUPPORT AND DEVELOPMENT OF THE PUBLIC BROADCASTING SYSTEM, INCLUDING PROJECTS AND ACTIVITIES THAT WILL ENHANCE PUBLIC BROADCASTING. FUNDED ACTIVITIES INCLUDED GRANTS TO QUALIFIED PUBLIC TELEVISION STATIONS TO HELP OPERATE THEIR INTERCONNECTION SYSTEMS, GRANTS TO FACILITATE MERGERS AND OTHER OPERATIONAL EFFICIENCIES, MUSIC ROYALTY FEES PAID ON BEHALF OF THE PUBLIC BROADCASTING SYSTEM AND VARIOUS OTHER SYSTEM-WIDE ACTIVITIES AND FUNCTIONS.
DEVELOPMENT AND SUPPORT OF HIGH QUALITY NEW AND INNOVATIVE TELEVISION AND RADIO PROGRAMMING - SEE SCHEDULE O.-TELEVISION PROGRAMMING REPRESENTED EXPENSES FOR DEVELOPMENT AND SUPPORT OF HIGH-QUALITY...
DEVELOPMENT AND SUPPORT OF HIGH QUALITY NEW AND INNOVATIVE TELEVISION AND RADIO PROGRAMMING - SEE SCHEDULE O.-TELEVISION PROGRAMMING REPRESENTED EXPENSES FOR DEVELOPMENT AND SUPPORT OF HIGH-QUALITY NATIONAL TELEVISION PROGRAMMING AND PROJECTS WITH EDUCATIONAL OR CULTURAL VALUE THAT MIGHT NOT OTHERWISE BE SUPPORTED BY THE MARKETPLACE.-RADIO PROGRAM FUND REPRESENTED EXPENSES FOR THE DEVELOPMENT AND PRODUCTION OF HIGH-QUALITY, NEW AND INNOVATIVE RADIO SERVICES AND SERIES, THE WORK OF INDEPENDENT RADIO PRODUCERS, PROGRAMMING FOR UNDERSERVED OR UNSERVED AUDIENCES, INNOVATIVE CONTENT FORMS AND PROGRAMS THAT MIGHT NOT OTHERWISE BE SUPPORTED BY THE COMMERCIAL MARKETPLACE.NATIONAL PROGRAM PRODUCTION AND ACQUISITION GRANTS WERE RESTRICTED GRANTS MADE TO QUALIFIED PUBLIC RADIO STATIONS THAT HAD TO BE USED FOR THE PRODUCTION, ACQUISITION, PROMOTION OR DISTRIBUTION OF NATIONAL RADIO PROGRAMS THAT ARE OF HIGH QUALITY, CREATIVE AND REFLECT SOCIETY'S DIVERSITY.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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