FORT WAYNE CATHOLIC RADIO GROUPINC

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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

2002

Legal Domicile

Principal Officer

CYNTHIA BLACK

Phone

2604369598

Tax Period

2023-01-01 to 2023-12-31

FORT WAYNE CATHOLIC RADIO GROUPINC, founded in 2002, is a small nonprofit that reported $773K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 78% operating deficit.

Mission

AMPLIFY THE VOICE OF THE CREATOR, BY FOSTERING CONTENT THAT INVITES.

Program Service Accomplishments

Program 1

Expenses: $1,045,683 Revenue: $117,178

FORT WAYNE CATHOLIC RADIO GROUP WAS ORIGINALLY ESTABLISHED TO AIR CATHOLIC RADIO PROGRAMS TO A POTENTIAL LISTENING AUDIENCE OF 300,000. BECAUSE OF THE STEADY DECLINE OF RADIO LISTENERSHIP AND THE...

FORT WAYNE CATHOLIC RADIO GROUP WAS ORIGINALLY ESTABLISHED TO AIR CATHOLIC RADIO PROGRAMS TO A POTENTIAL LISTENING AUDIENCE OF 300,000. BECAUSE OF THE STEADY DECLINE OF RADIO LISTENERSHIP AND THE GROWING NUMBER OF PODCASTS BEING PRODUCED, IN 2021, FORT WAYNE CATHOLIC RADIO GROUP/DBA REDEEMER RADIO EXPANDED ITS OFFERINGS BY CREATING SPOKE STREET MEDIA, AN ONLINE PLATFORM THAT ALLOWS MORE ON-DEMAND CONTENT. NOW RATHER THAN HEARING FROM THE SAME 6-7 PEOPLE EACH WEEKDAY, WE CAN DRAW ON HUNDREDS OF DIFFERENT PROGRAMS, PODCASTS AND VOICES. THROUGH THESE NEW VOICES, REDEEMER RADIO AND SPOKE STREET MEDIA EDUCATE LISTENERS ON A BROAD RANGE OF TOPICS TO NURTURE THEIR SPIRITUAL, MENTAL, AND PHYSICAL HEALTH. SPOKE STREET MEDIA WAS ABLE TO REACH AN EXCESS OF 350,000 DOWNLOADS FROM ITS ONLINE PLATFORM FROM ALL OVER THE WORLD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $583,584

Program Service Revenue $117,178

Investment Income $-27,070

Other Revenue $99,420

TOTAL REVENUE $773,112

Expense Breakdown

Grants Paid $30

Salaries & Benefits $989,135

Fundraising Expenses $129,336

Program Expenses $1,045,683

Other Expenses $383,533

TOTAL EXPENSES $1,372,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$773,112	$1,374,662	-0.4%
Expenses	$1,372,698	$1,411,213	0.0%
Net Income	$-599,586	$-36,551	+15.4%

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

136

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

$70,628

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA BLACK	EXECUTIVE DI	50.00	Officer	$67,385	$3,243	$70,628
MATT MARSHALL	CHAIR	1.00	Officer Director	$0	$0	$0
MIKE RIPLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOSEPH COLONE	FINANCE CHAI	1.00	Officer Director	$0	$0	$0
MARY FLYNT	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTIAN DAVEY	DIRECTOR	1.00	Director	$0	$0	$0
PHIL HAYES	DIRECTOR	1.00	Director	$0	$0	$0
FR JONATHAN NORTON	DIRECTOR	1.00	Director	$0	$0	$0
RICARDO ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
SR MADELEINE SCHUMACKER	DIRECTOR	1.00	Director	$0	$0	$0
KATE SELL	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA TORRES	DIRECTOR	1.00	Director	$0	$0	$0
JASON WARDWELL	DIRECTOR	1.00	Director	$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	No data	No data	No data	No data
2023	$773,112	$1,372,698	$859,886	$-599,586
2022	$1,374,662	$1,411,213	$1,459,472	$-36,551
2021	$1,190,616	$1,036,805	$1,612,895	$153,811
2020	$839,232	$992,359	$1,448,712	$-153,127
2019	$1,095,358	$1,007,259	$1,495,851	$88,099
2018	$904,185	$1,004,745	$1,585,620	$-100,560