PRESENCE RADIO NETWORK INC

EIN: 271921814 501(c)(3)

PORTLAND, ME

Total Revenue
$787,943
Total Expenses
$1,064,239
Total Assets
$63,385
Net Assets
$-141,370
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
ME
Principal Officer
CYNTHIA NICKLESS
Phone
2076899939
Tax Period
2018-01-01 to 2018-12-31

PRESENCE RADIO NETWORK INC, founded in 2010, is a small nonprofit that reported $788K in total revenue in fiscal year 2018. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE PRESENCE RADIO NETWORK IS A VOICE FOR OUR CHURCH, FOR THE TRUTH AND FOR OUR FAITH. CATHOLIC RADIO WILL REACH CATHOLICS, NON-CATHOLIC CHRISTIANS, AND NON-BELIEVERS. CATHOLIC RADIO PROGRAM PROVIDERS OFFER THE TEACHINGS OF THE CATHOLIC CHURCH AND THE DOCTRINE AS INTENDED BY ITS FOUNDER, JESUS CHRIST. JESUS PROMISED TO GUIDE THE CHURCH IN ALL TRUTH BY SENDING US HIS HOLY SPIRIT. MAINE CATHOLIC RADIO STATIONS WILL PROVIDE THE VOICE OF THE SPIRIT OF TRUTH ON THE AIR WAVES AND THE INTERNET THROUGHOUT THE STATE OF MAINE.THROUGH AN UNTIRING DESIRE TO SERVE CHRIST AND HIS CHURCH, AND BY THE GRACE OF GOD, THESE EFFORTS ALLOW FOR A STATEWIDE CATHOLIC RADIO NETWORK CAPABLE OF BROADCASTING FROM THE SOUTHERN BEACHES OF YORK COUNTY TO WHERE THE GENTLY ROLLING HILLS OF THE ST. JOHN VALLEY MEET THE CANADIAN BORDER.

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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 (2018)

Revenue Breakdown

Contributions & Grants $302,518
Program Service Revenue $0
Investment Income $485,425
Other Revenue $0
TOTAL REVENUE $787,943

Expense Breakdown

Grants Paid $750,000
Salaries & Benefits $101,955
Fundraising Expenses $4,683
Program Expenses $1,058,472
Other Expenses $207,601
TOTAL EXPENSES $1,064,239

Year-over-Year Comparison

2018 2017 Change
Revenue $787,943 $415,127 +0.9%
Expenses $1,064,239 $465,902 +1.3%
Net Income $-276,296 $-50,775 +4.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
3
$0
Total Directors
8
$18,730
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG FOSTER CHAIRMAN 5.00
Officer Director
$0 $0 $0
DENIS BOUTIN TREASURER 1.00
Officer Director
$0 $0 $0
FR NATHAN MARCH DIRECTOR 1.00
Director
$0 $0 $0
MSGR PAUL STEFANKO DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA NICKLESS EXECUTIVE DIRECTOR 40.00
Director
$0 $0 $18,730
WAYNE MOODY SECRETARY 1.00
Officer Director
$0 $0 $0
NORM BELANGER DIRECTOR 1.00
Director
$0 $0 $0
FR JAMES NADEAU 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
2018 $787,943 $1,064,239 $63,385 $-276,296
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