Bloomington Community Radio Inc db… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

John Turner

Phone

8123231200

Tax Period

2023-10-01 to 2024-09-30

Bloomington Community Radio Inc dba WFHB, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $417K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $467K exceeded revenue, resulting in a 12% operating deficit.

Mission

WFHB exists to provide an open forum for the exchange and discussion of ideas and issues, and to celebrate and to increase local cultural diversity.

Program Service Accomplishments

Program 1

Expenses: $331,136

Our main program service is the operation of WFHB-FM, a non-commercial community radio station based in Bloomington, IN. WFHB exists to provide an open forum for the exchange and discussion of ideas and issues, and to celebrate and increase the local cultural diversity. WFHB envisions a sustainable, diverse, participatory multimedia service that contributes to an entertained, informed and empowered community. WFHB's music, news and public affairs programming is available to a service area population of 161,611 via our terrestrial radio broadcast facilities, and a larger national and international audience with live streaming, archived content and podcasts via our website (WFHB.ORG), and is also distributed throught public media distribution services such as PRX. THis programming is provided twenty-four hours per day, 365 days per year. Over two thousand hours of original local news and public affairs programming is created by our volunteer base, supervised by a full-time salaried NPA director and a part-time assistant director. All of this content is broadcast and distributed by means of our FM terrestrial broadcasting channels and internet based outlets. The short- and long-term goals of this program are to provide local news and public affairs content that would not otherwise be available to our service audience, in careful alignment of our overall mission and vision statements.

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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 $360,539

Program Service Revenue $38,404

Investment Income $8,860

Other Revenue $9,141

TOTAL REVENUE $416,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,266

Fundraising Expenses $90,734

Program Expenses $331,136

Other Expenses $171,730

TOTAL EXPENSES $466,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$416,944	$454,086	-0.1%
Expenses	$466,996	$430,952	+0.1%
Net Income	$-50,052	$23,134	-3.2%

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

165

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

$50,721

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Turner	General Manager	40.00	Officer	$50,721	$0	$50,721
Chuck Beckett	Interim Secreta	10.00	Officer Director	$0	$0	$0
Emily Jackson	President	20.00	Officer Director	$0	$0	$0
Mark Hood	Treasurer	20.00	Officer Director	$0	$0	$0
Darran Mosley	Director	10.00	Director	$0	$0	$0
Sarah Taylor	Director	10.00	Director	$0	$0	$0
Terry Mason	Director	10.00	Director	$0	$0	$0
Ben Meyers	Director	10.00	Director	$0	$0	$0
Sheryl Mitchell	Director	10.00	Director	$0	$0	$0
Rob Stewart-Ingersoll	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	$416,944	$466,996	$518,405	$-50,052
2023	$454,086	$430,952	$569,201	$23,134
2022	$491,450	$344,547	$536,866	$146,903
2021	$493,121	$272,224	$392,420	$220,897
2020	$347,742	$272,929	$206,761	$74,813
2019	$209,521	$246,804	$96,082	$-37,283
2018	$311,420	$236,070	$128,954	$75,350

Bloomington Community Radio Inc dba WFHB