LAC COURTE OREILLES OJIBWA PUBLIC BROADCASTING CORP (EIN 391355317) - 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

1982

Legal Domicile

Phone

5053070511

Tax Period

2023-10-01 to 2024-09-30

LAC COURTE OREILLES OJIBWA PUBLIC BROADCASTING CORP, founded in 1982, is a small nonprofit that reported $420K in total revenue in fiscal year 2023. Expenses of $504K exceeded revenue, resulting in a 20% operating deficit.

Mission

WOJB OPERATES A NON-COMMERCIAL EDUCATION PUBLIC BROADCASTING SYSTEM AND ACQUIRES DISTRIBUTES AND DISSEMINATES EDUCATIONAL RADIO PROGRAMS AND RELATED ACTIVITIES.

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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 $420,119

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $420,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $247,776

Fundraising Expenses $0

Program Expenses $357,812

Other Expenses $255,815

TOTAL EXPENSES $503,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$420,119	$405,028	+0.0%
Expenses	$503,591	$411,312	+0.2%
Net Income	$-83,472	$-6,284	+12.3%

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

808

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

$78,592

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL HABECK	GENERAL MANAGER	40.00	Officer	$78,592	$0	$78,592
Michelle Beaudin	CHAIR	0.25	Director	$0	$0	$0
Don Carley	Member	0.25	Director	$0	$0	$0
Rochelle Galloway	SECRETARY TREASURER	0.25	Director	$0	$0	$0
Teri Miller	MEMBER	0.25	Director	$0	$0	$0
Vacant	Member	0.25	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	$420,119	$503,591	$390,485	$-83,472
2023	$405,028	$411,312	$455,299	$-6,284
2022	$373,081	$384,947	$469,784	$-11,866
2021	$601,291	$360,860	$501,800	$240,431
2020	$364,779	$247,497	$245,429	$117,282

LAC COURTE OREILLES OJIBWA PUBLIC BROADCASTING CORP