WRVM 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

1967

Legal Domicile

Principal Officer

MICHAEL CORNELL

Phone

9208422900

Tax Period

2023-01-01 to 2023-12-31

WRVM INC, founded in 1967, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 11% surplus.

Mission

THE PURPOSES OF THE CORPORATION SHALL BE: A. TO PROPAGATE THE GOSPEL OF THE LORD JESUS CHRIST BY ANY LEGITIMATE MEANS; AND B. TO CONDUCT, OPERATE AND CARRY ON RADIO BROADCASTING OPERATIONS AND STATIONS, AND INCIDENTAL AND RELATED BUSINESS IN CONNECTION THEREWITH, FOR EDUCATIONAL, CULTURE, RELIGIOUS, AND OTHER NON-PROFIT OBJECTS AND PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $987,313

THE PURPOSES OF THE CORPORATION SHALL BE: A. TO PROPAGATE THE GOSPEL OF THE LORD JESUS CHRIST BY ANY LEGITIMATE MEANS; AND B. TO CONDUCT, OPERATE AND CARRY ON RADIO BROADCASTING OPERATIONS AND...

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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 $678,564

Program Service Revenue $424,339

Investment Income $44,223

Other Revenue $332,758

TOTAL REVENUE $1,479,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $688,584

Fundraising Expenses $18,885

Program Expenses $987,313

Other Expenses $621,876

TOTAL EXPENSES $1,310,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,479,884	$1,192,484	+0.2%
Expenses	$1,310,460	$1,160,948	+0.1%
Net Income	$169,424	$31,536	+4.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CORNELL	EXECUTIVE DI	40.00	Officer 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
2024	No data	No data	No data	No data
2023	$1,479,884	$1,310,460	$2,132,706	$169,424
2023	$1,523,945	$1,397,371	$2,132,706	$126,574
2022	$1,192,484	$1,160,948	$1,986,047	$31,536
2021	$1,060,155	$1,008,301	$1,833,343	$51,854
2020	$993,144	$1,003,809	$1,752,998	$-10,665
2019	$1,123,886	$1,135,090	$1,749,504	$-11,204
2018	$1,096,025	$1,112,341	$1,736,510	$-16,316