NEWARK PUBLIC RADIO INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

STEVEN A WILLIAMS

Phone

9736248880

Tax Period

2023-10-01 to 2024-09-30

NEWARK PUBLIC RADIO INC, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $5.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

NEWARK PUBLIC RADIO, INC. ("WBGO") SEEKS TO EDUCATE, ENTERTAIN AND INSPIRE THE PUBLIC BY PROVIDING ACCESS AND OPPORTUNITY TO ENGAGE WITH THE HIGHEST QUALITY, CURATED JAZZ AND BLUES PROGRAMMING PRODUCED IN THE JAZZ CAPITAL OF THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $2,997,965 Revenue: $930,030

ALL ACTIVITIES AND EXPENSES RELATE TO OPERATING NEW JERSEY'S LARGEST NPR AFFILIATED, PROFESSIONAL NON-COMMERCIAL RADIO STATION. WBGO'S BROADCAST SIGNAL COVERS SIGNIFICANT PORTIONS OF THE TRI-STATE...

ALL ACTIVITIES AND EXPENSES RELATE TO OPERATING NEW JERSEY'S LARGEST NPR AFFILIATED, PROFESSIONAL NON-COMMERCIAL RADIO STATION. WBGO'S BROADCAST SIGNAL COVERS SIGNIFICANT PORTIONS OF THE TRI-STATE, METRO-AREA WITH EDUCATIONAL, INFORMATIONAL, AND JAZZ PROGRAMMING. WBGO PROMOTES ITSELF VIA A WEBSITE (WWW.WBGO.ORG) AND STREAMS ITS BROADCAST SIGNAL DIGITALLY VIA THE INTERNET AND CELL PHONE TECHNOLOGY. (SEE SCHEDULE O FOR DETAIL)

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,270,593

Program Service Revenue $917,380

Investment Income $37,546

Other Revenue $75,040

TOTAL REVENUE $4,300,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,712,412

Fundraising Expenses $1,021,630

Program Expenses $2,997,965

Other Expenses $2,608,257

TOTAL EXPENSES $5,320,669

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,300,559	$4,824,020	-0.1%
Expenses	$5,320,669	$5,563,336	0.0%
Net Income	$-1,020,110	$-739,316	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

140

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

$339,964

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL FREDERIC	CHAIR	2.00	Officer Director	$0	$0	$0
TARA DOWDELL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAVID WEINER	TREASURER	2.00	Officer Director	$0	$0	$0
BILL HOFSTETTER	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL OSTROFF	VICE SECRETARY	2.00	Director	$0	$0	$0
PAMELA MORGAN	COMMUNITY ADVISORY BOARD (	2.00	Director	$0	$0	$0
LINDA EPPS	RECRUITMENT/STRATEGIC PLAN	2.00	Director	$0	$0	$0
PATRICIA PEREZ	LITIGATION OVERSIGHT	2.00	Director	$0	$0	$0
JON DUTTON	FINANCE & INVESTMENT	2.00	Director	$0	$0	$0
DAVID KOMAR	FINANCE & INVESTMENT/DEVEL	2.00	Director	$0	$0	$0
JORDAN GARRISON	GOVERNANCE & RECRUITMENT/M	2.00	Director	$0	$0	$0
BOB SOMMER	STRATEGIC PLANNING/COMMUNI	2.00	Director	$0	$0	$0
BRENDA FELICIANO	DEVELOPMENT/FUNDRAISING	2.00	Director	$0	$0	$0
OBI TAIWAN OZOCHIAWAEZE	FINANCE/STRATEGIC PLANNING	2.00	Director	$0	$0	$0
NEWTON JONES BURKETT	STRATEGIC PLANNING/MKTG &	2.00	Director	$0	$0	$0
BOB OTTENHOFF	ADVISOR	2.00	Director	$0	$0	$0
STEVEN WILLIAMS	PRESIDENT	40.00	Officer	$180,000	$8,596	$188,596
JONATHAN CHIMENE	CFO	40.00	Officer	$126,072	$25,296	$151,368
ONDINE LANDA	EMPLOYEE	40.00	Highest	$160,417	$20,253	$180,670
MICHELE RALPH-RAWLS	EMPLOYEE	40.00	Highest	$104,040	$8,500	$112,540

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	$4,300,559	$5,320,669	$3,608,341	$-1,020,110
2023	$4,824,020	$5,563,336	$3,676,352	$-739,316
2022	$4,179,484	$5,439,852	$4,298,624	$-1,260,368
2021	$5,558,972	$4,889,210	$5,566,802	$669,762
2020	$4,467,874	$5,179,814	$5,058,068	$-711,940
2019	$4,657,386	$4,889,161	$5,008,356	$-231,775
2018	$4,977,424	$4,788,772	$5,168,266	$188,652