RADIO ARTS FOUNDATION

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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

JULIE SCHUSTER

Phone

3148813523

Tax Period

2023-01-01 to 2023-12-31

RADIO ARTS FOUNDATION, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $775K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 54% operating deficit.

Mission

SUPPORT AND ADVOCATE THE GROWTH OF THE ARTS AND CULTURE IN THE ST. LOUIS REGION THROUGH THE PROGRAMMING AND OUTREACH EFFORTS OF A CLASSICAL MUSIC STATION BROADCASTING 24 HOURS A DAY, SEVEN DAYS A WEEK, 365 DAYS A YEAR.

Program Service Accomplishments

Program 1

Expenses: $910,654

RADIO ARTS FOUNDATION OPERATES A CLASSICAL MUSIC RADIO STATION SUPPORTING THE ARTS. OUR FORMAT IS CLASSICAL MUSIC, JAZZ, BLUES, AND OPERA. WE ALSO PROVIDE THE COMMUNITY WITH CHILDREN'S PROGRAMMING...

RADIO ARTS FOUNDATION OPERATES A CLASSICAL MUSIC RADIO STATION SUPPORTING THE ARTS. OUR FORMAT IS CLASSICAL MUSIC, JAZZ, BLUES, AND OPERA. WE ALSO PROVIDE THE COMMUNITY WITH CHILDREN'S PROGRAMMING, INTERVIEWS WITH LOCAL ARTISTS, ART ORGANIZATIONS AND PUBLIC SERVICE.

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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 $496,180

Program Service Revenue $0

Investment Income $139,870

Other Revenue $139,066

TOTAL REVENUE $775,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $663,803

Fundraising Expenses $171,142

Program Expenses $910,654

Other Expenses $526,353

TOTAL EXPENSES $1,190,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$775,116	$1,124,037	-0.3%
Expenses	$1,190,156	$1,319,323	-0.1%
Net Income	$-415,040	$-195,286	+1.1%

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

$123,240

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AHN LE	DIRECTOR	1.00	Director	$0	$0	$0
ART FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
BABETTE MEINERS	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN HENGES	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES GOODEN	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL ALLEN DALLAS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MAYO	DIRECTOR	1.00	Director	$0	$0	$0
DONALD SUGGS DDS	DIRECTOR	1.00	Director	$0	$0	$0
ELISABETH LASPE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES L NOUSS JR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN H RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
KEN KRANZBERG	DIRECTOR	1.00	Director	$0	$0	$0
MABEL PURKERSON MD	DIRECTOR	1.00	Director	$0	$0	$0
MARY FORSYTH	DIRECTOR	1.00	Director	$0	$0	$0
NOEMI NEIDORFF	DIRECTOR	1.00	Director	$0	$0	$0
PAT SMITH-THURMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHERIDA TOLLEFSEN MD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SLAPSHAK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCULLY	TREASURER	1.00	Officer Director	$0	$0	$0
SPENCER BURKE	SECRETARY	1.00	Officer Director	$0	$0	$0
LAWRENCE KATZENSTEIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE SCHUSTER	CEO & GENERAL MANAGER	40.00	Officer	$118,500	$4,740	$123,240

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	$775,116	$1,190,156	$3,145,635	$-415,040
2022	$1,124,037	$1,319,323	$3,617,199	$-195,286
2021	$1,458,263	$1,465,291	$3,517,540	$-7,028
2020	$1,683,067	$1,223,846	$3,253,046	$459,221
2019	$1,804,978	$1,337,428	$2,572,236	$467,550
2018	$1,244,841	$1,215,285	$2,131,968	$29,556