SEQUIM COMMUNITY BROADCASTING

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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

2008

Legal Domicile

Phone

3606810000

Tax Period

2024-01-01 to 2024-12-31

SEQUIM COMMUNITY BROADCASTING, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $229K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $221K left a modest 3% surplus.

Mission

SEQUIM COMMUNITY BROADCASTING, THE NON-PROFIT CORPORATION, HAS A BROAD MISSION AND HOLDS THE FCC LICENSE FOR RADIO KSQM 91.5FM IN SEQUIM, WASHINGTON. KSQM RADIO HAS A MORE FOCUSED MISSION THAT PERTAINS TO BROADCAST OPERATIONS.

Program Service Accomplishments

Program 1

Expenses: $44,286 Revenue: $44,014

SEQUIM COMMUNITY BROADCASTING IS COMMITTED TO CREATING AN EDUCATIONAL AND CULTURAL HUB USING ALL AVAILABLE FORMS OF MEDIA AND VENUES FOR THE BENEFIT OF THE LOCAL REGION AND POPULATIONS WELL BEYOND...

SEQUIM COMMUNITY BROADCASTING IS COMMITTED TO CREATING AN EDUCATIONAL AND CULTURAL HUB USING ALL AVAILABLE FORMS OF MEDIA AND VENUES FOR THE BENEFIT OF THE LOCAL REGION AND POPULATIONS WELL BEYOND THE LICENSED TERRESTRIAL RADIO SIGNAL BOUNDARIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $181,614

Program Service Revenue $44,014

Investment Income $3,335

Other Revenue $0

TOTAL REVENUE $228,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,591

Fundraising Expenses $25,974

Program Expenses $44,286

Other Expenses $154,423

TOTAL EXPENSES $221,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,963	$207,253	+0.1%
Expenses	$221,014	$227,248	0.0%
Net Income	$7,949	$-19,995	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK BROWN	BOARD MEMBER	10.00	Director	$0	$0	$0
DAVE GRILLEY	BOARD MEMBER	10.00	Director	$0	$0	$0
PATRICIA GUTHRIE	BOARD MEMBER	10.00	Director	$0	$0	$0
GEORGE DOOLEY	PRESIDENT	10.00	Officer	$0	$0	$0
JEFFREY BANKSTON	VICE PRESIDENT	40.00	Officer	$0	$0	$0
SCOTT SCHERER	TREASURER	10.00	Officer	$0	$0	$0
LYNDA PERRY	SECRETARY	1.00	Officer	$0	$0	$0

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	$228,963	$221,014	$484,994	$7,949
2023	$207,253	$227,248	$490,015	$-19,995
2022	$196,294	$218,254	$504,060	$-21,960
2021	$201,545	$219,558	$427,855	$-18,013