Fresh Air Inc

EIN: 237401827 501(c)(3) Arts, Culture & Humanities

Minneapolis, MN

Total Revenue
$969,034
Total Expenses
$815,077
Total Assets
$1,463,033
Net Assets
$1,422,241
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
MN
Principal Officer
Nora Doherty
Phone
6128874343
Tax Period
2024-01-01 to 2024-12-31

Fresh Air Inc, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $969K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 16% operating margin.

Mission

KFAI is a volunteer-based community radio station that exists to broadcast information, arts and entertainment programming for an audience of diverse racial, social and economic backgrounds. By providing a voice for people ignored or misrepresented by mainstream media, KFAI increases understanding between peoples and communities, while fostering the values of democracy and social justice.

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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 $847,870
Program Service Revenue $116,716
Investment Income $4,448
Other Revenue $0
TOTAL REVENUE $969,034

Expense Breakdown

Grants Paid $0
Salaries & Benefits $299,735
Fundraising Expenses $171,263
Program Expenses $485,265
Other Expenses $515,342
TOTAL EXPENSES $815,077

Year-over-Year Comparison

2024 2023 Change
Revenue $969,034 $795,016 +0.2%
Expenses $815,077 $686,984 +0.2%
Net Income $153,957 $108,032 +0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
233

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
$74,077
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin Barnes President 1.00
Officer Director
$0 $0 $0
Heather Haynes Vice President 1.00
Officer Director
$0 $0 $0
Jacque Pokorney Treasurer 1.00
Officer Director
$0 $0 $0
Christopher Zimmerman Secretary 1.00
Officer Director
$0 $0 $0
TJ Larson Board Member 1.00
Director
$0 $0 $0
Marvin Martin Board Member 1.00
Director
$0 $0 $0
Michael Milligan Board Member 1.00
Director
$0 $0 $0
Nora Doherty General Manager & Executiv 40.00
Officer
$74,077 $0 $74,077
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 $969,034 $815,077 $1,463,033 $153,957
2023 $795,016 $686,984 $1,281,334 $108,032
2022 $898,420 $766,939 $1,215,025 $131,481
2021 $1,240,335 $766,403 $1,090,041 $473,932
2020 $1,044,523 $587,668 $614,964 $456,855
2019 $641,624 $694,364 $222,690 $-52,740
2018 $735,891 $797,671 $235,851 $-61,780
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