Ave Maria Communications

EIN: 383263675 501(c)(3) Religion

Ann Arbor, MI

Total Revenue
$1,986,065
Total Expenses
$2,395,598
Total Assets
$1,539,851
Net Assets
$366,250
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MI
Principal Officer
Michael Jones
Phone
7349393177
Tax Period
2023-01-01 to 2023-12-31

Ave Maria Communications, founded in 1995, is a community nonprofit in the Religion sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

Ave Maria Communications (AMC)employs radio, internet and other media to offer news, analysis, teaching, devotion and music to demonstrate Catholic values.

Program Service Accomplishments

Program 1
Expenses: $2,097,259 Revenue: $667,350

Ave Maria Communications(AMC) furthers the education of individuals in the Catholic religion by producing Catholic radio programming. This year AMC produced over 2,500 hours of original Catholic...

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Ave Maria Communications(AMC) furthers the education of individuals in the Catholic religion by producing Catholic radio programming. This year AMC produced over 2,500 hours of original Catholic Radio programming. AMC finalized an agreement to receive the assets of Annunciation Radio of Ohio. AMC distributed to over 380 affiliate radio stations across the United States and other such notables as EWTN Sirius Channel 130 and hundreds of web streams. AMC produces videos for distribution on various social media platforms including the internet.

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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 $1,192,913
Program Service Revenue $790,408
Investment Income $2,744
Other Revenue $0
TOTAL REVENUE $1,986,065

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,303,801
Fundraising Expenses $154,459
Program Expenses $2,097,259
Other Expenses $1,091,797
TOTAL EXPENSES $2,395,598

Year-over-Year Comparison

2023 2022 Change
Revenue $1,986,065 $2,094,157 -0.1%
Expenses $2,395,598 $2,177,362 +0.1%
Net Income $-409,533 $-83,205 +3.9%
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
7
Independent Members
5
Employees
15
Volunteers
45

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
3
$302,717
Total Directors
7
$302,717
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Al Kresta President/CEO/Director 40.00
Officer Director
$139,748 $29,107 $168,855
Michael Jones Vice Pres/Gen Mgr/Director 40.00
Officer Director
$111,176 $22,686 $133,862
Gordon Leipold Director 1.00
Director
$0 $0 $0
Paul Fransway Director/Secretary 1.00
Officer Director
$0 $0 $0
Stephen Ray Director 1.00
Director
$0 $0 $0
Sheila Patton Director 1.00
Director
$0 $0 $0
Doug Keck Director 1.00
Director
$0 $0 $0
Eugene Leger Advertising Sales Manager 40.00
Highest
$126,036 $28,587 $154,623
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 No data No data No data No data
2023 $1,986,065 $2,395,598 $1,539,851 $-409,533
2022 $2,094,157 $2,177,362 $2,071,784 $-83,205
2021 $2,682,742 $2,276,356 $1,086,380 $406,386
2020 $2,093,623 $2,102,543 $755,571 $-8,920
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