TROY COMMUNITY FM

EIN: 352484745 501(c)(3) Arts, Culture & Humanities

TROY, OH

Total Revenue
$242,270
Total Expenses
$280,968
Total Assets
$133,769
Net Assets
$17,299
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
OH
Principal Officer
ROBERT S HORNBERGER
Tax Period
2025-01-01 to 2025-12-31

TROY COMMUNITY FM, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $242K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $281K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MISSION OF POWER 107.1 IS TO EMPOWER LOCAL NON-PROFIT ORGANIZATIONS, IN PARTNERSHIP WITH BUSINESSES AND CORPORATIONS. BEYOND GIVING NON-PROFITS A VOICE AND A PLATFORM ON POWER 107.1, WE ALSO FUNDRAISE FOR THEM THROUGH OUR GIVEBACK PROGRAM, A PORTION OF THE PROCEEDS SPENT WITH OUR RADIO STATION FROM LOCAL BUSINESSES AND CORPORATIONS GO BACK TO LOCAL NON- PROFITS. GIVING BACK TO OUR COMMUNITY IS THE TRUE POWER OF LOCAL RADIO

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $242,270
Investment Income $0
Other Revenue $0
TOTAL REVENUE $242,270

Expense Breakdown

Grants Paid $0
Salaries & Benefits $203,685
Fundraising Expenses $0
Program Expenses $280,968
Other Expenses $77,283
TOTAL EXPENSES $280,968

Year-over-Year Comparison

2025 2024 Change
Revenue $242,270 $332,023 -0.3%
Expenses $280,968 $287,111 0.0%
Net Income $-38,698 $44,912 -1.9%
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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Governance

Voting Members
5
Independent Members
5
Employees
4
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CLOSE TREASURER N/A
Officer Director
$0 $0 $0
DONNA COOK MEMBER N/A
Director
$0 $0 $0
DAVE DENOYER VICE PRESIDE N/A
Officer Director
$0 $0 $0
SHAWN DENOYER SECRETARY N/A
Officer Director
$0 $0 $0
WILLIAM LUTZ PRESIDENT N/A
Officer Director
$0 $0 $0
ROBERT S HORNBERGER EXECUTIVE DI N/A
Officer
$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
2025 $242,270 $280,968 $133,769 $-38,698
2024 No data No data No data No data
2023 $278,595 $272,381 $92,541 $6,214
2022 $239,723 $242,916 $117,577 $-3,193
2021 $238,423 $227,541 $91,614 $10,882
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