RADIO MILWAUKEE INC

EIN: 201257939 501(c)(3) Arts, Culture & Humanities

MILWAUKEE, WI

Total Revenue
$3,240,407
Total Expenses
$4,489,785
Total Assets
$3,988,619
Net Assets
$3,720,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
WI
Principal Officer
ERIC BLASHKA
Phone
4144758097
Tax Period
2023-01-01 to 2023-12-31

RADIO MILWAUKEE INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 39% operating deficit.

Mission

TO REACH A NEW GENERATION OF RADIO LISTENERS ON AIR, ONLINE AND IN THE COMMUNITY WITH A COMPELLING SELECTION OF MUSIC AND PUBLIC AFFAIRS PROGRAMMING. THE CORPORATION CELEBRATES MILWAUKEE MUSIC, ARTS, HERITAGE, AND CULTURE BY SUPPORTING AND CONTRIBUTING TO A COMMUNITY THAT ENCOURAGES MULTI-ETHNIC COLLABORATION AND CONVERSATION AND BY PROMOTING A POSITIVE GLOBAL IDENTITY FOR THE CITY OF MILWAUKEE.

Program Service Accomplishments

Program 1
Expenses: $2,224,268 Revenue: $1,628,232

RADIO MILWAUKEE IS A PUBLIC RADIO STATION IN PARTNERSHIP WITH MILWAUKEE PUBLIC SCHOOLS. ESTABLISHED IN 2007, THE STATION HIGHLIGHTS MILWAUKEE'S VIBRANT COMMUNITY, SHOWCASING ITS MUSICIANS...

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RADIO MILWAUKEE IS A PUBLIC RADIO STATION IN PARTNERSHIP WITH MILWAUKEE PUBLIC SCHOOLS. ESTABLISHED IN 2007, THE STATION HIGHLIGHTS MILWAUKEE'S VIBRANT COMMUNITY, SHOWCASING ITS MUSICIANS, NON-PROFITS, AND INDIVIDUALS WHO CONTRIBUTE TO ITS DIVERSITY AND VITALITY. DAILY, RADIO MILWAUKEE FEATURES FRESH MUSIC, LOCAL ARTISTS, AND COMMUNITY STORIES THAT CELEBRATE THOSE WORKING TO ENHANCE THE CITY'S LIVABILITY. THE STATION FOSTERS AN ACTIVE ONLINE COMMUNITY THROUGH SOCIAL MEDIA AND A DYNAMIC WEBSITE WITH COMMUNITY CALENDARS. LISTENERS WORLDWIDE CAN TUNE IN VIA ONLINE STREAMING. IN 2023, RADIO MILWAUKEE EXPANDED ITS PROGRAMMING TO INCLUDE NATIONALLY SYNDICATED SHOWS LIKE ALT LATINO, ALL SONGS CONSIDERED, JAZZ NIGHT IN AMERICA, AND WORLD CAFE, ALONGSIDE NEW LOCAL SEGMENTS AND PROGRAMS.

Program 2
Expenses: $306,225 Revenue: $518,425

IN JUNE 2022, RADIO MILWAUKEE LAUNCHED ITS LATEST CHANNEL, "HYFIN." THIS BLACK-LED, DIGITAL-FIRST MEDIA INITIATIVE AIMS TO CONNECT CULTURES AND CELEBRATE THE FULL RANGE OF BLACK MUSIC. AS MILWAUKEE'S...

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IN JUNE 2022, RADIO MILWAUKEE LAUNCHED ITS LATEST CHANNEL, "HYFIN." THIS BLACK-LED, DIGITAL-FIRST MEDIA INITIATIVE AIMS TO CONNECT CULTURES AND CELEBRATE THE FULL RANGE OF BLACK MUSIC. AS MILWAUKEE'S ONLY URBAN ALTERNATIVE RADIO STATION, HYFIN OFFERS A DIVERSE ARRAY OF BLACK MUSIC BEYOND JUST R&B AND HIP-HOP, WHILE ALSO FEATURING LOCAL MILWAUKEE ARTISTS. THE CHANNEL KEEPS AUDIENCES INFORMED WITH THE LATEST NEWS ON BLACK CULTURE, PODCASTS, AND MORE. HYFIN BROADCASTS ON-AIR AT 88.9FM HD2, ONLINE AT HYFIN.ORG, AND THROUGH THE 88NINE AND HYFIN MOBILE APPS. FUNDING COMES FROM GENEROUS DONATIONS BY CORPORATIONS, FOUNDATIONS, INDIVIDUAL SUPPORTERS, AND SPONSORSHIPS. IN 2023, HYFIN, POWERED BY RADIO MILWAUKEE, ORGANIZED A DIVERSE ARRAY OF COMMUNITY-FOCUSED EVENTS, SHOWCASING THEIR COMMITMENT TO CELEBRATING BLACK CULTURE AND SUPPORTING LOCAL BUSINESSES. THE RADIO STATION HOSTED A BEER FESTIVAL HIGHLIGHTING BLACK AND BROWN BREWERIES, PROMOTING DIVERSITY IN THE CRAFT BEER INDUSTRY. A STANDOUT EVENT WAS THE BLACKITY BLACK HOLIDAY MARKET, HELD ON NOVEMBER 25TH AT TURNER HALL. THIS SMALL BUSINESS SATURDAY INITIATIVE FEATURED OVER 40 BLACK-OWNED VENDORS FROM THE MILWAUKEE AREA, OFFERING ATTENDEES A CHANCE TO SUPPORT LOCAL ENTREPRENEURS WHILE ENJOYING YOUTH PERFORMANCES, FOOD, AND MUSIC CURATED BY HYFIN DJ ANTHONY FOSTER. HYFIN ALSO LAUNCHED ITS INAUGURAL MAJOR FUNDRAISER GALA, DEMONSTRATING THE STATION'S GROWTH AND COMMUNITY IMPACT. THROUGHOUT THE YEAR, THEY CONTINUED TO ENGAGE AUDIENCES WITH THEIR "LATEST & GREATEST LIVE" SERIES, FEATURING LOCAL AND EMERGING ARTISTS. THESE EVENTS, ALONG WITH OTHERS LIKE THE FELIX AMES PRE-ALBUM LISTENING SESSION, UNDERSCORED HYFIN'S ROLE AS A CULTURAL HUB, FOSTERING COMMUNITY CONNECTIONS AND AMPLIFYING BLACK VOICES IN MILWAUKEE'S VIBRANT ARTS AND BUSINESS SCENES.

Program 3
Expenses: $266,545 Revenue: $0

RADIO MILWAUKEE PRODUCES AND AIRS SHORT STORIES THAT HIGHLIGHT NOT-FOR-PROFIT ORGANIZATIONS AND INDIVIDUALS DEDICATED TO ENHANCING THE QUALITY OF LIFE IN MILWAUKEE. EACH STORY, ROUGHLY THE LENGTH OF...

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RADIO MILWAUKEE PRODUCES AND AIRS SHORT STORIES THAT HIGHLIGHT NOT-FOR-PROFIT ORGANIZATIONS AND INDIVIDUALS DEDICATED TO ENHANCING THE QUALITY OF LIFE IN MILWAUKEE. EACH STORY, ROUGHLY THE LENGTH OF A SONG, IS BROADCAST DAILY AS PART OF THE MUSIC MIX AND ALSO AVAILABLE IN A LONGER PODCAST FORMAT ON THE RADIOMILWAUKEE.ORG WEBSITE. LISTENERS CAN VISIT THE SITE TO LEARN MORE ABOUT THE FEATURED ORGANIZATIONS AND ACCESS LINKS TO THEIR WEBSITES FOR INVOLVEMENT, CONTRIBUTIONS, OR ADDITIONAL INFORMATION. IN 2023, RADIO MILWAUKEE SHOWCASED OVER 150 INDIVIDUALS AND ORGANIZATIONS, FOCUSING ON THEMES SUCH AS VOLUNTEERISM, ARTS AND CULTURE, NEIGHBORHOODS, YOUTH, THE ENVIRONMENT, SOCIAL JUSTICE, AND NARRATIVES FROM UNDERREPRESENTED COMMUNITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $885,350
Program Service Revenue $2,289,008
Investment Income $37,739
Other Revenue $28,310
TOTAL REVENUE $3,240,407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,534,703
Fundraising Expenses $999,311
Program Expenses $2,972,518
Other Expenses $1,955,082
TOTAL EXPENSES $4,489,785

Year-over-Year Comparison

2023 2022 Change
Revenue $3,240,407 $3,552,664 -0.1%
Expenses $4,489,785 $3,994,826 +0.1%
Net Income $-1,249,378 $-442,162 +1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
41
Volunteers
460

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
6
$271,417
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSS WILLIAMS BOARD CHAIR (PRESIDENT) 1.00
Officer Director
$0 $0 $0
ERIC BLASHKA TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL STULL TREASURER (THRU MAR 2023) 1.00
Officer Director
$0 $0 $0
DARRELL DJ HINES II SECRETARY 1.00
Officer Director
$0 $0 $0
JOSH ADAMS DIRECTOR 1.00
Director
$0 $0 $0
MARLA BRONAUGH DIRECTOR 1.00
Director
$0 $0 $0
ERICKAJOY DANIELS DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL DEMICHELE DIRECTOR 1.00
Director
$0 $0 $0
LAUREN FEASTER DIRECTOR 1.00
Director
$0 $0 $0
PATRICK GUARASCI DIRECTOR 1.00
Director
$0 $0 $0
SEBASTIAN MEI DIRECTOR 1.00
Director
$0 $0 $0
AL ORR DIRECTOR 1.00
Director
$0 $0 $0
LACEY SADOFF DIRECTOR 1.00
Director
$0 $0 $0
MALIKA SIKER DIRECTOR 1.00
Director
$0 $0 $0
MAXIE JACKSON III EXECUTIVE DIRECTOR 40.00
Officer
$172,316 $834 $173,150
LEANA HENDERKOTT FINANCE DIRECTOR 40.00
Officer
$93,617 $4,650 $98,267
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 No data No data No data No data
2023 $3,240,407 $4,489,785 $3,988,619 $-1,249,378
2022 $3,552,664 $3,994,826 $5,199,935 $-442,162
2021 $3,647,425 $3,427,562 $5,813,041 $219,863
2020 $3,567,376 $3,531,966 $5,388,772 $35,410
2019 $4,100,863 $4,528,409 $5,303,095 $-427,546
2018 $3,446,978 $3,080,474 $5,766,929 $366,504
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