WFYI Foundation 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

1996

Legal Domicile

Phone

3176362020

Tax Period

2023-10-01 to 2024-09-30

WFYI Foundation Inc, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $913K in total revenue in fiscal year 2023. Revenue surged 329% from the prior year, signaling strong growth momentum. The organization ran a surplus of $369K, a strong 40% operating margin.

Mission

WFYI Foundation enables supporters of public media to invest in ensuring ongoing access to excellent information about issues that matter to central Indiana.

Program Service Accomplishments

Program 1

Expenses: $489,000 Revenue: $0

WFYI FOUNDATION DISTRIBUTES ANNUAL FUNDING SUPPORT TO ITS PARENT ORGANIZATION (METROPOLITAN INDIANAPOLIS PUBLIC MEDIA, INC.) TO SUPPORT ITS MISSION OF TRUSTED JOURNALISM, INSPIRING STORIES, AND...

WFYI FOUNDATION DISTRIBUTES ANNUAL FUNDING SUPPORT TO ITS PARENT ORGANIZATION (METROPOLITAN INDIANAPOLIS PUBLIC MEDIA, INC.) TO SUPPORT ITS MISSION OF TRUSTED JOURNALISM, INSPIRING STORIES, AND LIFELONG LEARNING.

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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 $549,619

Program Service Revenue $0

Investment Income $362,908

Other Revenue $0

TOTAL REVENUE $912,527

Expense Breakdown

Grants Paid $489,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $489,000

Other Expenses $54,118

TOTAL EXPENSES $543,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$912,527	$212,600	+3.3%
Expenses	$543,118	$45,777	+10.9%
Net Income	$369,409	$166,823	+1.2%

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

N/A

Volunteers

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

$435,954

Total Directors

$274,012

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Welch	Secretary (Through DEC 2023)	1.0	Officer Director	$0	$0	$0
Greg Petrowich	President and CEO	4.0	Officer Director	$0	$60,941	$274,012
Robert Elzer	Chair (Through DEC 2023)	1.0	Officer Director	$0	$0	$0
Susanne McAlister	Chair	1.0	Officer Director	$0	$0	$0
Barbara Branic	Director (Through DEC 2023)	1.0	Director	$0	$0	$0
Dan Appel	Director (Through DEC 2023)	1.0	Director	$0	$0	$0
Eric Gillispie	Director (Through DEC 2023)	1.0	Director	$0	$0	$0
George Plews	Director	1.0	Director	$0	$0	$0
Howard Schrott	Director (Beginning JAN 2024)	1.0	Director	$0	$0	$0
John Guy	Director (Through DEC 2023)	1.0	Director	$0	$0	$0
Karin Veatch	Director (Beginning JAN 2024)	1.0	Director	$0	$0	$0
Marnie Maxwell	Director (Through DEC 2023)	1.0	Director	$0	$0	$0
Mary Greist	Director (Through DEC 2023)	1.0	Director	$0	$0	$0
Michael Heaton	Director (Through DEC 2023)	1.0	Director	$0	$0	$0
Rakesh Gangwani	Director (Beginning JAN 2024)	1.0	Director	$0	$0	$0
Terry Magid	Director (Beginning JAN 2024)	1.0	Director	$0	$0	$0
Connie Campbell	CFO	1.0	Officer	$0	$25,192	$161,942

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	$912,527	$543,118	$6,839,591	$369,409
2023	$212,600	$45,777	$5,539,171	$166,823
2022	$1,176,193	$265,222	$5,041,073	$910,971
2021	$541,597	$245,272	$5,224,222	$296,325
2020	$335,121	$217,178	$4,555,729	$117,943
2019	$541,965	$233,491	$4,168,882	$308,474
2018	$374,147	$209,375	$3,901,547	$164,772