OCEAN STATE MEDIA GROUP

EIN: 222859005 501(c)(3) Arts, Culture & Humanities

PROVIDENCE, RI

Total Revenue
$12,104,480
Total Expenses
$16,915,648
Total Assets
$120,358,602
Net Assets
$116,150,943
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
RI
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

OCEAN STATE MEDIA IS RHODE ISLAND'S TRUSTED PUBLIC MEDIA ORGANIZATION, AMPLIFYING ALL VOICES THROUGH THOUGHT-PROVOKING STORYTELLING, ORIGINAL JOURNALISM, LIFELONG LEARNING, AND ENGAGING LIVE EVENTS. WE FOSTER HOPE, CONNECTION, AND EDUCATION THAT STRENGTHENS AND INSPIRES OUR SHARED COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $10,099,855 Revenue: $1,536,394

WE ARE OCEAN STATE MEDIA. AND WE ARE LISTENING.IN A TIME OF NOISE, WE ARE CHOOSING TO LISTEN. IN AN ERA OF DIVISION, WE ARE BUILDING CONNECTION. IN A RAPIDLY SHIFTING MEDIA LANDSCAPE, WE ARE DOUBLING...

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WE ARE OCEAN STATE MEDIA. AND WE ARE LISTENING.IN A TIME OF NOISE, WE ARE CHOOSING TO LISTEN. IN AN ERA OF DIVISION, WE ARE BUILDING CONNECTION. IN A RAPIDLY SHIFTING MEDIA LANDSCAPE, WE ARE DOUBLING DOWN ON PLACE -ON THE PEOPLE, STORIES, QUESTIONS AND CULTURES THAT DEFINE RHODE ISLAND.WE ARE REIMAGINING WHAT PUBLIC MEDIA CAN BE WITH, FOR AND ABOUT YOU.- DEEPLY LOCAL: ROOTED IN OUR NEIGHBORHOODS AND COMMUNITIES.- WIDELY AVAILABLE: WHEREVER YOU ARE, WE'RE THERE WITH YOU.- RELEVANT: KEEPING UP WITH THE TIMES AND MEETING THEM WITH PURPOSE.- DISTINCTIVE: CONTENT THAT FEELS LIKE RHODE ISLAND AND COULDN'T COME FROM ANYWHERE ELSE.- COMMUNITY-CENTERED: DRIVEN BY LISTENING, LEARNING, AND CONNECTION.OCEAN STATE MEDIA ISN'T JUST A SERVICE - IT'S A RELATIONSHIP. AND NOW MORE THAN EVER, WE ARE CREATING A LOCAL MEDIA EXPERIENCE THAT INFORMS, CONNECTS AND REPRESENTS US ALL.

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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 $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
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
18
Employees
122
Volunteers
88

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
7
$697,931
Total Directors
23
$697,931
Key Employees
0
$0
Highest Compensated
5
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
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