ASSOCIATION OF MINNESOTA PUBLIC EDUCATIONAL RADIO STATIONS INC (EIN 411388406) - 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

1972

Legal Domicile

Principal Officer

JOEL A GLASER

Phone

6515875550

Tax Period

2022-07-01 to 2023-06-30

ASSOCIATION OF MINNESOTA PUBLIC EDUCATIONAL RADIO STATIONS INC, founded in 1972, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2022. Expenses of $1.6M left a modest 5% surplus.

Mission

AN ASSOCIATION OF 18 INDEPENDENT COMMUNITY RADIO STATIONS IN MINNESOTA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $966,730

Program Service Revenue $727,622

Investment Income $159

Other Revenue $0

TOTAL REVENUE $1,694,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $414,927

Fundraising Expenses $64,147

Program Expenses $1,458,600

Other Expenses $1,202,979

TOTAL EXPENSES $1,617,906

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,694,511	$1,620,229	+0.0%
Expenses	$1,617,906	$1,624,015	0.0%
Net Income	$76,605	$-3,786	-21.2%

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

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

$213,752

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDDIE BELL	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARK JOHNSON	AT LARGE MEMBER	0.75	Director	$0	$0	$0
STACIE DROUILLARD	VICE CHAIRPERSON	0.75	Officer Director	$0	$0	$0
FAITH AHLGREEN	TREASURER	1.25	Officer Director	$0	$0	$0
PJ HILL	AT LARGE MEMBER	0.75	Director	$0	$0	$0
DOUG WESTERMAN	SECRETARY	1.25	Officer Director	$0	$0	$0
SARA MILLER	AT LARGE MEMBER	0.75	Director	$0	$0	$0
JOEL GLASER	PRESIDENT & CEO	55.00	Officer	$190,442	$23,310	$213,752

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,694,511	$1,617,906	$817,634	$76,605
2022	$1,620,229	$1,624,015	$660,204	$-3,786
2021	$1,707,372	$1,443,381	$735,621	$263,991
2020	$1,011,555	$1,023,594	$395,629	$-12,039
2019	$489,963	$509,528	$152,261	$-19,565
2018	$519,540	$605,953	$188,601	$-86,413

ASSOCIATION OF MINNESOTA PUBLIC EDUCATIONAL RADIO STATIONS INC