PRX Inc

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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

2009

Legal Domicile

Principal Officer

Kerri Hoffman

Phone

6175765455

Tax Period

2023-07-01 to 2024-06-30

PRX Inc, founded in 2009, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $29.4M in total revenue in fiscal year 2023. Expenses of $34.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO LEAD CHANGES THAT EXPAND PUBLIC MEDIA AS A TRUSTED SOURCE OF KNOWLEDGE, INFORMATION, AND INSPIRATION FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $31,703,578 Revenue: $22,088,759

As a nonprofit public media company, PRX works in partnership with leading independent creators, organizations, and stations to bring meaningful audio storytelling into millions of listeners lives...

As a nonprofit public media company, PRX works in partnership with leading independent creators, organizations, and stations to bring meaningful audio storytelling into millions of listeners lives. PRX is one of the worlds top podcast publishers, public radio distributors, and audio producers, serving as an engine of innovation for public media and podcasting to help shape a vibrant future for creative and journalistic audio. Shows across PRXs portfolio of broadcast productions, podcast partners, and its Radiotopia podcast network have received recognition from the Peabody Awards, the Tribeca Festival, the International Documentary Association, and more, including in 2022 when Futuro Media and PRX won a Pulitzer Prize. PRXs partners include TED, the Smithsonian, GBH Boston, Radiotopia, This American Life, and many more.

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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 $7,352,231

Program Service Revenue $22,088,759

Investment Income $497

Other Revenue $0

TOTAL REVENUE $29,441,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,742,037

Fundraising Expenses $1,341,997

Program Expenses $31,703,578

Other Expenses $26,745,124

TOTAL EXPENSES $34,487,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,441,487	$30,635,284	0.0%
Expenses	$34,487,161	$36,109,563	0.0%
Net Income	$-5,045,674	$-5,474,279	-0.1%

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

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

$1,672,635

Total Directors

$1,870,666

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shane Miner	Dir/COO-GBH	1.00	Director	$0	$40,951	$550,255
Kerri Hoffman	President & CEO	40.00	Officer Director	$416,556	$12,121	$428,677
Claudia Palmer	DIR/COO-GBH9/23	1.00	Director	$0	$11,040	$376,811
Cory Zanin	CFO	1.00	Officer	$0	$25,398	$300,427
Jonathan C Abbott	Dir/GBH SAdvisr	1.00	Director	$0	$40,870	$260,227
Dan Lothian	Chair/GBH EP	1.00	Officer Director	$0	$9,806	$254,696
Jason Saldanha	CBusDev & CCO	40.00	Officer	$189,977	$46,105	$236,082
Janetta Stringfellow	CDO	40.00	Officer	$202,938	$30,149	$233,087
Andrew Kuklewicz	CTO	40.00	Officer	$208,974	$10,692	$219,666
Audrey Davidson	VP-Rev Partnership	40.00		$164,858	$19,596	$184,454
Donna Hardwick	CMO thru 5/23	40.00		$164,747	$15,382	$180,129
Bruce Wallace	Exec Producer	40.00		$156,925	$16,941	$173,866
Gina James	VP-Srategic Impact	40.00		$145,612	$25,352	$170,964
Byron Green	VP-DEI & Access	40.00		$143,795	$22,555	$166,350
Audrey Mardavich	Exec Producer	40.00		$144,133	$17,251	$161,384
Daniel Shih	Director	1.00	Director	$0	$0	$0
Ashton Peery	Director	1.00	Director	$0	$0	$0
Henry Becton Jr	Director	1.00	Director	$0	$0	$0
Betsy Gardella	Director	1.00	Director	$0	$0	$0
Kyle Reis	Director	1.00	Director	$0	$0	$0
Kyra McGrath	Director	1.00	Director	$0	$0	$0
Jen Elzie	Director	1.00	Director	$0	$0	$0
Richard Gingras	Director	1.00	Director	$0	$0	$0
Rima Hyder	Treasurer	1.00	Officer Director	$0	$0	$0
Rachel Felix	Director	1.00	Director	$0	$0	$0
Rishi Jaitly	Dir thru 2/24	1.00	Director	$0	$0	$0
Betsy Lehman	Director	1.00	Director	$0	$0	$0
Steven Bass	Director	1.00	Director	$0	$0	$0
Kathy Chan	Director	1.00	Director	$0	$0	$0
Dierdre Black	Director	1.00	Director	$0	$0	$0
Michael Isip	Director	1.00	Director	$0	$0	$0
Dete Meserve	Vice Chair	1.00	Officer Director	$0	$0	$0
Dodee Crockett	Director	1.00	Director	$0	$0	$0
Daniel Routman	Secretary	1.00	Officer Director	$0	$0	$0
Edward Schneider	Director	1.00	Director	$0	$0	$0
Lawrence Wilkinson	Director	1.00	Director	$0	$0	$0
Judy Woodruff	Director	1.00	Director	$0	$0	$0
Tanya Jones	Director	1.00	Director	$0	$0	$0
Karla Martin	Director	1.00	Director	$0	$0	$0
Frank Washington	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
2025	No data	No data	No data	No data
2024	$29,441,487	$34,487,161	$14,309,394	$-5,045,674
2023	$30,635,284	$36,109,563	$15,512,470	$-5,474,279
2022	$40,029,175	$39,001,220	$19,243,272	$1,027,955
2021	$40,149,755	$42,836,815	$13,859,995	$-2,687,060
2020	$28,163,889	$28,122,756	$8,096,809	$41,133
2018	$22,412,621	$20,046,471	$10,223,208	$2,366,150