DETROIT PUBLIC MEDIA (EIN 381440200) - Form 990 Financial Analysis & Trantor Score

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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

1953

Legal Domicile

Principal Officer

RITSCHARD P HOMBERG

Phone

2483053701

Tax Period

2024-07-01 to 2025-06-30

DETROIT PUBLIC MEDIA, founded in 1953, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $26.2M in total revenue in fiscal year 2024. Expenses of $23.1M left a modest 12% surplus.

Mission

DPTV'S MISSION IS TO EDUCATE, ENGAGE, ENTERTAIN AND INSPIRE THROUGH THE POWER OF PUBLIC MEDIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $21,287,546

Program Service Revenue $1,544,563

Investment Income $2,298,638

Other Revenue $1,102,762

TOTAL REVENUE $26,233,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,161,531

Fundraising Expenses $4,550,820

Program Expenses $16,115,334

Other Expenses $11,055,240

TOTAL EXPENSES $23,068,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,233,509	$26,356,660	0.0%
Expenses	$23,068,533	$23,852,477	0.0%
Net Income	$3,164,976	$2,504,183	+0.3%

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

130

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

$1,110,151

Total Directors

$467,574

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITSCHARD HOMBERG	CEO & GENERAL MANAGER	40.00	Officer Director	$440,954	$26,620	$467,574
OLLETTE BOYD	COO	40.00	Officer	$271,060	$22,672	$293,732
LAURA BRANDT	SVP, OPERATIONS	40.00	Officer	$181,260	$9,129	$190,389
RYAN LAURIE	VP, DEVELOPMENT OPERATIONS	40.00	Highest	$159,989	$23,839	$183,828
EDWARD MOORE	VP, CONTENT	40.00	Highest	$157,327	$23,674	$181,001
FREDERICK NAHHAT	SR. VP, PRODUCTION	40.00	Highest	$154,207	$19,993	$174,200
TRACY DUDA	VP, PEOPLE & CULTURE	40.00	Highest	$143,569	$4,323	$147,892
WILLIAM CARIGNAN	CFO	40.00	Officer	$135,432	$23,024	$158,456
BRIAN DENN	VP, ENGINEERING & TECHNICAL OPERATIONS	40.00	Highest	$134,691	$23,010	$157,701
SIMON S WHITELOCKE	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
JOYCE JENEREAUX	CHAIR DEVELOPMENT COMMITTEE	2.00	Officer Director	$0	$0	$0
SHAUN WILSON	CHAIR GOV. & NOMINATING COMMITTEE	2.00	Officer Director	$0	$0	$0
FREDA SAMPSON	CHAIR HR & COMP COMMITTEE	2.00	Officer Director	$0	$0	$0
CHRISTINE A SING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GEANEEN ARENDS	SECRETARY	2.00	Officer Director	$0	$0	$0
RAJEEV SHAH	TREASURER & CHAIR FIN. & AUDIT COMM.	2.00	Officer Director	$0	$0	$0
ADDELL AUSTIN-ANDERSON	TRUSTEE	0.50	Director	$0	$0	$0
ALEXIS WILEY	TRUSTEE	0.30	Director	$0	$0	$0
ANTONIO ENOEX	TRUSTEE	0.50	Director	$0	$0	$0
BYRON PITTS	TRUSTEE	0.50	Director	$0	$0	$0
COLLEEN ALLEN	TRUSTEE	0.50	Director	$0	$0	$0
DAN DUGGAN	TRUSTEE	0.50	Director	$0	$0	$0
DANIEL MINER	TRUSTEE	0.50	Director	$0	$0	$0
DAVID STURTZ	TRUSTEE	0.30	Director	$0	$0	$0
FELIX VALBUENA	TRUSTEE	0.30	Director	$0	$0	$0
GREGORY HAYNES	TRUSTEE	0.50	Director	$0	$0	$0
HIREN BHATT	TRUSTEE	0.50	Director	$0	$0	$0
JAYLEN BRADLEY	TRUSTEE	0.30	Director	$0	$0	$0
JOHN WALSH	TRUSTEE	0.50	Director	$0	$0	$0
KELLEY KUKN	TRUSTEE	0.50	Director	$0	$0	$0
KEN MATHIES	TRUSTEE	0.30	Director	$0	$0	$0
KENNETH CLARKSON	TRUSTEE	0.50	Director	$0	$0	$0
MARAM ALAIWAT	TRUSTEE	1.00	Director	$0	$0	$0
MARK LEE	TRUSTEE	0.30	Director	$0	$0	$0
MELISSA ROY	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL WATSON	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA MCCLAIN	TRUSTEE	0.50	Director	$0	$0	$0
PRISCILLA PERKINS	TRUSTEE	0.50	Director	$0	$0	$0
REUBEN RASHTY	TRUSTEE	0.50	Director	$0	$0	$0
RICK NOTTER	TRUSTEE	0.50	Director	$0	$0	$0
SANDY KOLTONOW	TRUSTEE	0.50	Director	$0	$0	$0
SYLVESTER HESTER	TRUSTEE	0.50	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
2025	$26,233,509	$23,068,533	$38,097,388	$3,164,976
2024	$26,356,660	$23,852,477	$36,765,246	$2,504,183
2023	$19,330,928	$20,548,061	$33,263,620	$-1,217,133
2022	$23,273,124	$20,514,023	$32,467,190	$2,759,101
2021	$22,992,712	$18,400,057	$31,356,100	$4,592,655
2020	$18,137,917	$17,276,619	$26,338,307	$861,298
2019	$17,944,837	$17,349,869	$23,925,254	$594,968

DETROIT PUBLIC MEDIA