NIAGARA FRONTIER RADIO READING SERVICE INC (EIN 161272790) - 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

1986

Legal Domicile

Principal Officer

MICHAEL BENZIN

Phone

7168215555

Tax Period

2023-10-01 to 2024-09-30

NIAGARA FRONTIER RADIO READING SERVICE INC, founded in 1986, is a small nonprofit that reported $155K in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum. Expenses of $293K exceeded revenue, resulting in a 89% operating deficit.

Mission

TO PROVIDE RADIO READING SERVICE TO THE BLIND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $103,859

Program Service Revenue $48,000

Investment Income $0

Other Revenue $3,248

TOTAL REVENUE $155,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,492

Fundraising Expenses $0

Program Expenses $263,802

Other Expenses $90,622

TOTAL EXPENSES $293,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$155,107	$78,603	+1.0%
Expenses	$293,114	$268,861	+0.1%
Net Income	$-138,007	$-190,258	-0.3%

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

$67,314

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL D BEAKMAN SR	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD DREAD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANN L SCHERFF	TREASURER	1.00	Officer Director	$0	$0	$0
SUE ANN SEHL	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA LAMONTE	MEMBER	0.50	Director	$0	$0	$0
CHARLES NELLIS	MEMBER	0.50	Director	$0	$0	$0
KENNETH SULLIVAN	MEMBER	0.50	Director	$0	$0	$0
MICHAEL BENZIN	EXECUTIVE DIRECTOR	20.00	Officer	$55,280	$12,034	$67,314

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
2024	$155,107	$293,114	$721,473	$-138,007
2023	$78,603	$268,861	$632,133	$-190,258
2022	$74,480	$258,814	$621,206	$-184,334

NIAGARA FRONTIER RADIO READING SERVICE INC