OCEAN STATE MEDIA GROUP (EIN 222859005) - Form 990 Financial Analysis & Trantor Score

🔒

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

1987

Legal Domicile

Principal Officer

PAM JOHNSTON

Phone

4012223636

Tax Period

2024-07-01 to 2025-06-30

OCEAN STATE MEDIA GROUP, founded in 1987, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $16.9M exceeded revenue, resulting in a 40% operating deficit.

Mission

WE FOSTER HOPE, CONNECTION, AND EDUCATION THAT STRENGTHENS AND INSPIRES OUR SHARED COMMUNITY.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $5,153,286

Program Service Revenue $1,536,394

Investment Income $5,234,302

Other Revenue $180,498

TOTAL REVENUE $12,104,480

Expense Breakdown

Grants Paid $63,858

Salaries & Benefits $9,966,536

Fundraising Expenses $1,874,596

Program Expenses $10,099,855

Other Expenses $6,885,254

TOTAL EXPENSES $16,915,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,104,480	$10,652,348	+0.1%
Expenses	$16,915,648	$11,755,626	+0.4%
Net Income	$-4,811,168	$-1,103,278	+3.4%

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

122

Volunteers

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

$697,931

Total Directors

$697,931

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOREY MALATIA	CO-CEO(THRU SEP 2024)	40.00	Officer Director	$300,614	$6,146	$306,760
DAVID PICCERELLI	CO-CEO(THRU SEP 2024)	40.00	Officer Director	$236,342	$28,745	$265,087
PAMELA JOHNSTON	PRESIDENT (AS OF SEP 2024)	40.00	Officer Director	$115,725	$10,359	$126,084
DAVID LAVERTY	CO-CHAIR (THRU 6/4/25)	5.00	Officer Director	$0	$0	$0
ELIZABETH DELUDE-DIX	CO-CHAIR (THRU 6/4/25)	5.00	Officer Director	$0	$0	$0
MEREDITH CURREN SECRE-	TARY (THRU 6/4/25), CHAIR AFTER	3.00	Officer Director	$0	$0	$0
NICHOLAS DENICE	TREASURER	3.00	Officer Director	$0	$0	$0
MICHAEL BEAUREGARD	DIRECTOR	3.00	Director	$0	$0	$0
MELISSA CUMMINGS	DIRECTOR	3.00	Director	$0	$0	$0
DAVID FONTES	DIRECTOR	3.00	Director	$0	$0	$0
ELIZABETH FRANCIS	DIRECTOR	1.50	Director	$0	$0	$0
GARY GLASSMAN	DIRECTOR	3.00	Director	$0	$0	$0
BARI HARLAM	DIRECTOR	3.00	Director	$0	$0	$0
BARBARA HAYNES	DIRECTOR	1.50	Director	$0	$0	$0
JOHN HOEY	DIRECTOR	1.50	Director	$0	$0	$0
SCOT JONES	DIRECTOR	3.00	Director	$0	$0	$0
RAJANI MAHADEVAN	DIRECTOR	3.00	Director	$0	$0	$0
GINA MCDONALD	DIRECTOR	3.00	Director	$0	$0	$0
AMANDA MCMULLEN	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN RITTSCHER	DIRECTOR	3.00	Director	$0	$0	$0
PABLO RODRIGUEZ MD	DIRECTOR	3.00	Director	$0	$0	$0
MERRILL SHERMAN	DIRECTOR	3.00	Director	$0	$0	$0
CAROLYN WIESENHAHN	DIRECTOR	3.00	Director	$0	$0	$0
JAN BOYD	CHIEF CONTENT OFFICER	40.00	Highest	$146,075	$24,782	$170,857
KRISTEN HAFFENREFFER	DIRECTOR OF DEVELOPMENT	40.00	Highest	$118,998	$9,045	$128,043
MARY-CATHERINE ARMSTRONG	DIRECTOR OF FINANCE/ADMIN	40.00	Highest	$135,867	$35,708	$171,575
RICHARD DUNN	DIRECTOR OF ENGINEERING	40.00	Highest	$112,654	$22,527	$135,181
JOAO SOUZA	BROADCAST ENGINEER	40.00	Highest	$112,575	$10,052	$122,627

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	$12,104,480	$16,915,648	$120,358,602	$-4,811,168
2024	No data	No data	No data	No data
2023	$2,945,869	$10,266,024	$108,013,174	$-7,320,155
2022	$10,856,424	$9,100,664	$103,109,647	$1,755,760
2021	$10,930,069	$8,286,872	$120,972,510	$2,643,197
2020	$5,636,610	$7,771,493	$95,486,573	$-2,134,883
2019	$8,491,740	$6,905,818	$97,878,562	$1,585,922
2018	$5,223,410	$5,705,805	$98,021,651	$-482,395

OCEAN STATE MEDIA GROUP