OCRACOKE COMMUNITY RADIO WOVV (EIN 264212398) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

TOMMY HUTCHERSON

Tax Period

2023-01-01 to 2023-12-31

OCRACOKE COMMUNITY RADIO WOVV, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $57K in total revenue in fiscal year 2023. Expenses of $53K left a modest 7% surplus.

Mission

TO PROVIDE LOCAL BROADCAST RADIO TO RESIDENTS AND VISITORS OF OCRACOKE ISLAND

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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 $33,485

Program Service Revenue $12,920

Investment Income $0

Other Revenue $10,980

TOTAL REVENUE $57,385

Expense Breakdown

Grants Paid $16,200

Salaries & Benefits $19,681

Fundraising Expenses $0

Program Expenses $53,132

Other Expenses $17,251

TOTAL EXPENSES $53,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,385	$59,845	0.0%
Expenses	$53,132	$65,180	-0.2%
Net Income	$4,253	$-5,335	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNY SCARBOROUGH	DIRECTOR	2.00	Director	$0	$0	$0
MATHEW TOLSON	DIRECTOR	2.00	Director	$0	$0	$0
SARA TEASTER	DIRECTOR	2.00	Director	$0	$0	$0
LES WOOTEN	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY FIELDS	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE IHLE	SECRETARY	2.00	Director	$0	$0	$0
JOHN SIMPSON	DIRECTOR	2.00	Director	$0	$0	$0
TOM CAIN	TREASURER	2.00	Officer Director	$0	$0	$0
TOMMY HUTCHERSON	CHAIRPERSON	5.00	Officer 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	$57,385	$53,132	$148,604	$4,253
2022	$59,845	$65,180	$145,712	$-5,335
2021	$67,587	$36,329	$159,616	$31,258
2020	$35,879	$37,743	$120,236	$-1,864
2019	$86,917	$68,290	$122,198	$18,627
2018	$72,371	$76,868	$109,568	$-4,497

OCRACOKE COMMUNITY RADIO WOVV