Metropolitan Indianapolis Public Media Inc

EIN: 351147600 501(c)(3) Arts, Culture & Humanities

Indianapolis, IN

Total Revenue
$15,164,303
Total Expenses
$15,993,497
Total Assets
$21,578,298
Net Assets
$16,431,424
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
IN
Phone
3176362020
Tax Period
2023-10-01 to 2024-09-30

Metropolitan Indianapolis Public Media Inc, founded in 1970, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.2M in total revenue in fiscal year 2023.

Mission

Trusted journalism, inspiring stories and lifelong learning.

Program Service Accomplishments

Program 1
Expenses: $7,751,583 Revenue: $97,228

PROGRAMMING AND PRODUCTION: THE ORGANIZATION PURCHASES, PRODUCES AND BROADCASTS FOR CONSUMPTION BY VIEWERS AND LISTENERS, EDUCATIONAL, NON-COMMERCIAL AND LOCAL CONTENT IN THE INDIANAPOLIS, IN AND...

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PROGRAMMING AND PRODUCTION: THE ORGANIZATION PURCHASES, PRODUCES AND BROADCASTS FOR CONSUMPTION BY VIEWERS AND LISTENERS, EDUCATIONAL, NON-COMMERCIAL AND LOCAL CONTENT IN THE INDIANAPOLIS, IN AND SURROUNDING AREA. THE ORGANIZATION HAS AN APPROXIMATE AUDIENCE REACH OF 1.5 MILLION ACCROSS MULTIPLE PLATFORMS.

Program 2
Expenses: $1,016,858 Revenue: $0

BROADCASTING: THE ORGANIZATION OPERATES TOWERS AND MASTER CONTROL FACILITIES TO TRANSMIT OVER FCC APPROVED FREQUENCIES THE PUBLIC MEDIA CONTENT ACQUIRED AND PRODUCED BY THE ORGANIZATION. THIS CONTENT...

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BROADCASTING: THE ORGANIZATION OPERATES TOWERS AND MASTER CONTROL FACILITIES TO TRANSMIT OVER FCC APPROVED FREQUENCIES THE PUBLIC MEDIA CONTENT ACQUIRED AND PRODUCED BY THE ORGANIZATION. THIS CONTENT IS ALSO DISTRIBUTED DIGITALLY.

Program 3
Expenses: $802,808 Revenue: $0

PROGRAM INFORMATION: THE ORGANIZATION PROVIDES INFORMATION TO THE PUBLIC ABOUT SERVICES OFFERED IN THE BROADCAST AREA AND ADDITIONAL COMMUNITY SERVICES SUCH AS THE READING FOR THE SIGHT IMPAIRED AND...

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PROGRAM INFORMATION: THE ORGANIZATION PROVIDES INFORMATION TO THE PUBLIC ABOUT SERVICES OFFERED IN THE BROADCAST AREA AND ADDITIONAL COMMUNITY SERVICES SUCH AS THE READING FOR THE SIGHT IMPAIRED AND LEARNING SERVICES / EDUCATIONAL OUTREACH PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,199,848
Program Service Revenue $92,828
Investment Income $138,343
Other Revenue $1,733,284
TOTAL REVENUE $15,164,303

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,478,775
Fundraising Expenses $1,942,192
Program Expenses $9,571,249
Other Expenses $8,514,722
TOTAL EXPENSES $15,993,497

Year-over-Year Comparison

2023 2022 Change
Revenue $15,164,303 $15,555,705 0.0%
Expenses $15,993,497 $15,974,567 +0.0%
Net Income $-829,194 $-418,862 +1.0%
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

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Governance

Voting Members
25
Independent Members
24
Employees
138
Volunteers
594

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
10
$810,418
Total Directors
32
$274,012
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Greg Petrowich President & CEO 46.0
Officer Director
$213,071 $60,941 $274,012
Howard Schrott Vice Chair 1.0
Officer Director
$0 $0 $0
Neelay Bhatt Chair 1.0
Officer Director
$0 $0 $0
Raquel Richardson Immediate Past Chair 1.0
Officer Director
$0 $0 $0
Sue Back Treasurer 1.0
Officer Director
$0 $0 $0
Terren Magid Secretary 1.0
Officer Director
$0 $0 $0
Aaron Williams Board Member (Through Dec 2023) 1.0
Director
$0 $0 $0
Alex Mereish Board Member 1.0
Director
$0 $0 $0
Anne Sellers Board Member (Through Dec 2023) 1.0
Director
$0 $0 $0
Beth Haney Board Member 1.0
Director
$0 $0 $0
Brenda Horn Board Member 1.0
Director
$0 $0 $0
Deshong Perry-Smitherman Board Member 1.0
Director
$0 $0 $0
Fernanda Beraldi Board Member (Beginning Jan 2024) 1.0
Director
$0 $0 $0
Fred Nation Board Member (Through Dec 2023) 1.0
Director
$0 $0 $0
Glenn Keller Board Member (Beginning Jan 2024) 1.0
Director
$0 $0 $0
Irena Goloschokin Board Member (Through Dec 2023) 1.0
Director
$0 $0 $0
James Yang Board Member 1.0
Director
$0 $0 $0
Jon Owens Board Member 1.0
Director
$0 $0 $0
Judy Okenfuss Board Member 1.0
Director
$0 $0 $0
Karin Veatch Board Member 1.0
Director
$0 $0 $0
Katie Culp Board Member 1.0
Director
$0 $0 $0
LaTona Prentice Board Member (Through Dec 2023) 1.0
Director
$0 $0 $0
Rakesh Gangwani Board Member (Beginning Jan 2024) 1.0
Director
$0 $0 $0
Rebecca Kubacki Board Member 1.0
Director
$0 $0 $0
Rosie Foulke Board Member 1.0
Director
$0 $0 $0
Stefani Quarles Board Member 1.0
Director
$0 $0 $0
Tanya Stuart Overdorf Board Member (Through JAN 2023) 1.0
Director
$0 $0 $0
Theodore R Boehm Board Member (Through Dec 2023) 1.0
Director
$0 $0 $0
Tiffani Taylor Board Member 1.0
Director
$0 $0 $0
Tim Maginn Board Member 1.0
Director
$0 $0 $0
Toni Bader Board Member (Beginning Jan 2024) 1.0
Director
$0 $0 $0
Whitney Ertel Board Member 1.0
Director
$0 $0 $0
CONNIE F CAMPBELL CFO 49.0
Officer
$136,750 $25,192 $161,942
David Slade Chief Development Officer 50.0
Officer
$151,337 $6,328 $157,665
Erin Earnest Chief Content Officer 50.0
Officer
$97,155 $33,933 $131,088
Sean R Anker Chief Technology Offficer 50.0
Officer
$81,506 $4,205 $85,711
Kathryn A Knerr Account Executive 40.0
Highest
$105,497 $19,261 $124,758
Meghan M Dagon Account Executive 40.0
Highest
$104,488 $16,247 $120,735
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 $15,164,303 $15,993,497 $21,578,298 $-829,194
2023 $15,555,705 $15,974,567 $23,131,807 $-418,862
2022 $18,488,530 $14,637,128 $23,358,184 $3,851,402
2021 $16,233,576 $13,397,264 $17,731,551 $2,836,312
2020 $12,290,882 $12,863,018 $14,658,479 $-572,136
2019 $12,428,374 $12,635,192 $14,302,280 $-206,818
2018 $12,186,539 $12,203,517 $14,594,075 $-16,978
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