Friends of Community Radio (EIN 270454098) - 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

Hope Butterworth

Phone

8283480352

Tax Period

2024-01-01 to 2024-12-31

Friends of Community Radio, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $243K in total revenue in fiscal year 2024.

Mission

We keep Asheville thriving by producing diverse and eclectic programming that inspires our listeners to build connections across our communities and to discover new music and ideas.

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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 (2024)

Revenue Breakdown

Contributions & Grants $135,417

Program Service Revenue $101,890

Investment Income $4,914

Other Revenue $1,000

TOTAL REVENUE $243,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,174

Fundraising Expenses $34,404

Program Expenses $185,833

Other Expenses $103,934

TOTAL EXPENSES $238,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$243,221	$237,054	+0.0%
Expenses	$238,108	$244,424	0.0%
Net Income	$5,113	$-7,370	-1.7%

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KP Whaley	Executive Director	40.00	Officer	$60,000	$0	$60,000
Hope Butterworth	President	5.00	Officer Director	$0	$0	$0
Christy Rhodes	Vice-President	5.00	Officer Director	$0	$0	$0
Mark Drozd	Secretary	5.00	Officer Director	$0	$0	$0
Gray Wheeler	Treasurer	5.00	Officer Director	$0	$0	$0
Annelise Kopp	Board Member	5.00	Director	$0	$0	$0
Ayana Dusenberry	Board Member	5.00	Director	$0	$0	$0
Julio Tordoya	Board Member	5.00	Director	$0	$0	$0
Misha Eli	Board Member	5.00	Director	$0	$0	$0
Jessica Rugh Frantz	Board Member	5.00	Director	$0	$0	$0
Bryan Matheny	Board Member	5.00	Director	$0	$0	$0
Mary Alice Arre	Board Member	5.00	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	$243,221	$238,108	$206,518	$5,113
2023	$237,054	$244,424	$201,928	$-7,370
2022	$235,075	$208,894	$210,051	$26,181

Friends of Community Radio