Salt Pond Community Broadcasting Co

EIN: 222513428 501(c)(3) Unknown

East Orland, ME

Total Revenue
$750,869
Total Expenses
$725,955
Total Assets
$580,425
Net Assets
$477,696
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
ME
Principal Officer
Pat Pugh
Phone
2074696600
Tax Period
2024-01-01 to 2024-12-31

Salt Pond Community Broadcasting Co, founded in 1984, is a small nonprofit in the Unknown sector that reported $751K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $726K left a modest 3% surplus.

Mission

WERU Community Radio is an independent, listener-supported and volunteer-powered media organization, whose mission is to provide diverse programming and community engagement to lift spirits, raise awareness and make connections. WERU is a "voice of many voices" that shares a wide variety of music, information, and perspectives with the community over the airwaves, internet, and mobile app.

Program Service Accomplishments

Program 1
Expenses: $378,289 Revenue: $24,060

Salt Pond Community Broadcasting operates WERU-FM Community Radio, which provides music, news and public affairs, and other cultural content. Programming ranges from diverse music (50 genres) to...

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Salt Pond Community Broadcasting operates WERU-FM Community Radio, which provides music, news and public affairs, and other cultural content. Programming ranges from diverse music (50 genres) to national headline news (5 prime time hours per week) to local public affairs programs. WERU meets a need in our region for an independent, community-based source of entertainment and information. The key to these diverse offerings is the importance of 125 volunteers, who are committed to both on-the-air and behind-the-scenes activities that give WERU its unique sound and local connection that reflects the community it serves. Volunteers receive free training, and no prior experience is needed.WERU's highly respected local and national news and public affairs provides a wide variety of topics and people. Topics associated with economic development, education, maritime issues, Native American issues, and public health are just a few examples of the width and depth of our local public affairs.2,100 individual and household members and 200 local businesses support WERU, amounting to over 70% of annual income. WERU receives approximately 25% of its financial support from the Corporation for Public Broadcasting, having met rigorous guidelines for community involvement and local support.WERU's broadcast signal reaches a potential audience of 140,000 people in Midcoast, Downeast and Central Maine. WERU broadcasts 24 hours per day, 365 days per year, over the airwaves, and on its mobile app. The radio station was founded in 1988.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $725,645
Program Service Revenue $0
Investment Income $1,788
Other Revenue $23,436
TOTAL REVENUE $750,869

Expense Breakdown

Grants Paid $0
Salaries & Benefits $446,769
Fundraising Expenses $127,262
Program Expenses $378,289
Other Expenses $279,186
TOTAL EXPENSES $725,955

Year-over-Year Comparison

2024 2023 Change
Revenue $750,869 $666,503 +0.1%
Expenses $725,955 $699,280 +0.0%
Net Income $24,914 $-32,777 -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
11
Independent Members
11
Employees
10
Volunteers
125

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
5
$62,738
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pat Pugh President 1.00
Officer Director
$0 $0 $0
Brian Conklin-Powers Vice President 1.00
Officer Director
$0 $0 $0
Lynn Soucy Treasurer 1.00
Officer Director
$0 $0 $0
Nancy Minott Secretary 1.00
Officer Director
$0 $0 $0
Paul Anderson Director 1.00
Director
$0 $0 $0
Cory Budden Director 1.00
Director
$0 $0 $0
Katy Green Director 1.00
Director
$0 $0 $0
Greg Rossel Director 1.00
Director
$0 $0 $0
Jack Sullivan Director 1.00
Director
$0 $0 $0
Ryan Swanson Director 1.00
Director
$0 $0 $0
Sara Trunzo Director 1.00
Director
$0 $0 $0
Matt Murphy General Manager 40.00
Officer
$62,738 $0 $62,738
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
2025 No data No data No data No data
2024 $750,869 $725,955 $580,425 $24,914
2023 $666,503 $699,280 $599,223 $-32,777
2022 $612,789 $632,620 $657,309 $-19,831
2021 $749,368 $615,577 $732,028 $133,791
2020 $661,345 $578,845 $476,685 $82,500
2019 $537,378 $575,278 $330,170 $-37,900
2018 $532,784 $558,497 $371,278 $-25,713
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