HERITAGE RADIO NETWORK INC

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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

2011

Legal Domicile

Principal Officer

ADAM RIESS

Phone

8023499767

Tax Period

2023-01-01 to 2023-12-31

HERITAGE RADIO NETWORK INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $266K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $773K exceeded revenue, resulting in a 191% operating deficit.

Mission

THE RADIO STATION OFFERS A MEDIA OUTLET FOR ENTREPRENEURS, ARTISTS, FARMERS, WRITERS AND CHEFS. THE RADIO INFORMS ITS LISTENERS ABOUT NEW TECHNOLOGIES, ENVIRONMENTAL PRACTICES, AND SUSTAINABILITY.

Program Service Accomplishments

Program 1

Expenses: $284,729

THE ORGANIZATION PROVIDES MEDIA SERVICES TO THE GENERAL PUBLIC. THE COMPANY SERVES AS A MEDIA OUTLET FOR ENTREPRENEURS, ARTISTS, FARMERS, ARCHITECTS, WRITERS AND CHEFS.

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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 $250,162

Program Service Revenue $7,284

Investment Income $8,575

Other Revenue $0

TOTAL REVENUE $266,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $427,891

Fundraising Expenses $44,802

Program Expenses $284,729

Other Expenses $345,057

TOTAL EXPENSES $772,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,021	$568,851	-0.5%
Expenses	$772,948	$767,506	+0.0%
Net Income	$-506,927	$-198,655	+1.6%

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

N/A

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
LIZA HAMM	CHAIR	10.00	Officer Director	$0	$0	$0
BRIAN KENNY	DIRECTOR	10.00	Director	$0	$0	$0
CHADWICK BOYD	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON HOY	DIRECTOR	2.00	Director	$0	$0	$0
JULIE SHAFFER	DIRECTOR	2.00	Director	$0	$0	$0
ESTHER TRAKINSKI	DIRECTOR	2.00	Director	$0	$0	$0
TODD RICHARDS	DIRECTOR	2.00	Director	$0	$0	$0
LEE ANN DALY	DIRECTOR	2.00	Director	$0	$0	$0
ADAM RIESS	DIRECTOR	10.00	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	No data	No data	No data	No data
2023	$266,021	$772,948	$543,537	$-506,927
2022	$568,851	$767,506	$1,061,092	$-198,655
2021	$544,885	$578,208	$1,285,050	$-33,323
2020	$509,924	$517,644	$438,737	$-7,720
2019	$498,345	$494,159	$299,743	$4,186
2018	$642,143	$479,713	$290,805	$162,430