RADIO MILWAUKEE INC (EIN 201257939) - 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

2003

Legal Domicile

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

THROUGH MUSIC AND STORIES CREATED FOR A CULTURALLY OPEN- MINDED COMMUNITY, RADIO MILWAUKEE, INC. IS A CATALYST FOR CREATING A BETTER, MORE INCLUSIVE, AND ENGAGED MILWAUKEE.

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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 $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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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

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

$271,417

Total Directors

Key Employees

Highest Compensated

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

RADIO MILWAUKEE INC