SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CLASSICAL 981, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 199% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 21% operating margin.
TO ACTIVELY GROW, DIVERSIFY, AND ENRICH THE LOVE OF CLASSICAL MUSIC IN OUR COMMUNITY BY PROVIDING A VOICE FOR CLASSICAL MUSIC AND THE ARTS.
CLASSICAL KING 98.1 WAS FOUNDED IN 1948 AND BECAME A PUBLIC RADIO STATION IN 2011. KING FM REACHES MORE THAN 250,000 LISTENERS EACH WEEK, OFFERING COMMERCIAL-FREE CLASSICAL MUSIC 24 HOURS A DAY OVER...
CLASSICAL KING 98.1 WAS FOUNDED IN 1948 AND BECAME A PUBLIC RADIO STATION IN 2011. KING FM REACHES MORE THAN 250,000 LISTENERS EACH WEEK, OFFERING COMMERCIAL-FREE CLASSICAL MUSIC 24 HOURS A DAY OVER THE AIR THROUGHOUT THE PUGET SOUND REGION AND GLOBALLY VIA ONLINE STREAMS. KING FM OFFERS LOCAL CLASSICAL CONCERT BROADCASTS ANNUALLY, ENGAGES MORE THAN 16,000 DONORS, AND MOVED INTO A NEW STATE-OF-THE-ART FACILITY IN 2020. KING FM ALSO OFFERS VIDEO MUSIC CONTENT FEATURING LOCAL PERFORMERS. KING FM IS ALSO COMMITTED TO GROWING THE NEXT GENERATION OF CLASSICAL MUSIC LISTENERS, OFFERING SEVERAL MUSIC EDUCATION INITIATIVES ON-AIR, ONLINE AND IN THE COMMUNITY. OUR BOARD ADOPTED A NEW STRATEGIC FRAMEWORK IN 2020 THAT CALLS US FOR US TO MAKE SIGNIFICANT STEPS IN DIVERSIFYING OUR PROGRAMMING, OUR STAFF, AND OUR BOARD WITHIN THE NEXT FIVE YEARS. WE ARE IN THE PROCESS OF UPDATING THAT PLAN.
CLASSICAL 98.1 USES A WIDE SPECTRUM OF TECHNOLOGIES TO DELIVER THE HIGHEST QUALITY EXPERIENCE ON AIR AND ONLINE. IN ADDITION TO A FULL-POWERED ANALOG FM BROADCAST SIGNAL, KING FM TRANSMITS ADDITIONAL...
CLASSICAL 98.1 USES A WIDE SPECTRUM OF TECHNOLOGIES TO DELIVER THE HIGHEST QUALITY EXPERIENCE ON AIR AND ONLINE. IN ADDITION TO A FULL-POWERED ANALOG FM BROADCAST SIGNAL, KING FM TRANSMITS ADDITIONAL CHANNELS OF CLASSICAL MUSIC USING A STATE-OF-THE-ART HD DIGITAL SIGNAL THAT ALLOWS OVER-THE-AIR CD-QUALITY RECEPTION OF THE MAIN KING FM CHANNEL AND THE CALM BY KING CHANNEL. IN SUPPORT OF OUR MISSION, KING FM REACHES OUT TO A WORLD-WIDE AUDIENCE VIA ONLINE AUDIO STREAMS AND OUR SMARTPHONE APPS ALLOWING AUDIENCES FAR BEYOND THE RANGE OF OUR FM SIGNAL TO APPRECIATE AND ENJOY THE NORTHWEST'S GREAT CLASSICAL MUSIC PERFORMANCES. KING FM'S LIVE BROADCAST CAPABILITIES BRING THE MUSIC OF NORTHWEST ARTISTS FROM PERFORMANCE VENUES INTO THE HOMES OF LISTENERS. CLASSICAL 98.1 CARRIES CONCERT PRE-RECORDED BROADCASTS FEATURING SEATTLE OPERA, SEATTLE SYMPHONY, THE SEATTLE CHAMBER MUSIC SOCIETY, AND THE COMPLINE SERVICE AT ST. MARK'S CATHEDRAL AMONG OTHERS.
CLASSICAL 98.1 IS COMMITTED TO SUPPORTING THE ARTS COMMUNITY AND TO MAKING CLASSICAL MUSIC ACCESSIBLE TO ALL THROUGH NEW PARTNERSHIPS. LOCAL CLASSICAL MUSIC PERFORMING ORGANIZATIONS ARE STILL...
CLASSICAL 98.1 IS COMMITTED TO SUPPORTING THE ARTS COMMUNITY AND TO MAKING CLASSICAL MUSIC ACCESSIBLE TO ALL THROUGH NEW PARTNERSHIPS. LOCAL CLASSICAL MUSIC PERFORMING ORGANIZATIONS ARE STILL STRUGGLING IN BRINGING AUDIENCES BACK AFTER THE PANDEMIC. THIS IS IMPACTING THEIR FINANCIAL WELL-BEING AS WELL. CLASSICAL KING CONTINUES TO PROVIDE FREE AND LOW COST ANNOUNCEMENTS TO THESE ORGANIZATIONS TO HELP THEM ATTRACT AUDIENCES TO CONCERTS, EVENTS, AND EXHIBITIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $7,413,578 | $2,477,379 | +2.0% |
| Expenses | $5,865,089 | $2,380,389 | +1.5% |
| Net Income | $1,548,489 | $96,990 | +15.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRENDA BARNES | CEO | 40.00 |
Officer
|
$207,345 | $0 | $207,345 |
| RINA ROMERO | COO | N/A |
Highest
|
$161,012 | $0 | $161,012 |
| MICHELLE M SIMONSEN | MANAGER | N/A |
Highest
|
$155,694 | $0 | $155,694 |
| DAVID C BECK | ANNOUNCER | N/A |
Highest
|
$109,229 | $0 | $109,229 |
| CHRISTOPHER T BAYLEY | PRESIDENT EM | N/A |
Director
|
$0 | $0 | $0 |
| DIANA CAREY | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| STEVEN CLIFFORD | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| SUSAN COUGHLIN | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| CHARLES DICKEY | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| JIM DUNCAN | PRESIDENT | N/A |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN FOX | TREASURER | N/A |
Officer
Director
|
$0 | $0 | $0 |
| DIANA GAO | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| BRIAN GRANT | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| SUSAN HARMON | VICE PRESIDE | N/A |
Officer
Director
|
$0 | $0 | $0 |
| DOUGLAS JACKSON | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| NEIL JORDAN | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| NAOMI MINEGISHI | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| JON ROSEN | SECRETARY | N/A |
Officer
Director
|
$0 | $0 | $0 |
| MOYA VASQUEZ | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| ROB WISEMAN | CHIEF ADVANC | N/A |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $7,413,578 | $5,865,089 | $12,664,966 | $1,548,489 |
| 2024 | $2,477,379 | $2,380,389 | $10,578,745 | $96,990 |
| 2023 | $5,149,809 | $5,329,631 | $10,611,950 | $-179,822 |
| 2022 | $6,059,353 | $4,868,425 | $10,577,171 | $1,190,928 |
| 2021 | $5,192,189 | $4,599,563 | $7,691,634 | $592,626 |
| 2020 | $5,222,890 | $4,129,251 | $6,921,707 | $1,093,639 |
| 2019 | $7,991,072 | $3,901,458 | $5,759,494 | $4,089,614 |
| 2018 | $4,822,792 | $3,895,604 | $1,701,763 | $927,188 |
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