FRIENDS OF FM 90 (EIN 421087615) - 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

1977

Legal Domicile

Principal Officer

STEVEN POSTOLKA

Phone

7122746406

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF FM 90, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $484K in total revenue in fiscal year 2023. The organization ran a surplus of $294K, a strong 61% operating margin.

Mission

SUPPORT OF PUBLIC BROADCASTING RADIO STATION KWIT-90.3 FM

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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 $381,124

Program Service Revenue $0

Investment Income $102,895

Other Revenue $0

TOTAL REVENUE $484,019

Expense Breakdown

Grants Paid $156,364

Salaries & Benefits $0

Fundraising Expenses $4,554

Program Expenses $168,622

Other Expenses $33,189

TOTAL EXPENSES $189,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$484,019	$452,240	+0.1%
Expenses	$189,553	$312,421	-0.4%
Net Income	$294,466	$139,819	+1.1%

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

N/A

Volunteers

110

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
GWYNETH GRAY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE AVERY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
JIM SORVAAG	SECRETARY	5.00	Officer Director	$0	$0	$0
DR EYAD NAJDAWI	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET HOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN POSTOLKA	DIRECTOR	5.00	Director	$0	$0	$0
GREG GILES	TREASURER	5.00	Officer Director	$0	$0	$0
DR JOSHUA NANNESTAD	DIRECTOR	1.00	Director	$0	$0	$0
LILLIAN LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
SEMEHAR GHEBREKIDAN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BEN KNOEPFLER	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY LA	DIRECTOR	1.00	Director	$0	$0	$0
KYLE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE SCHEIDERMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
REVATHI VONGSIPRASOM	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$484,019	$189,553	$2,584,938	$294,466
2023	$452,240	$312,421	$2,152,072	$139,819
2022	$187,557	$176,097	$1,894,260	$11,460
2021	$286,009	$223,605	$2,179,463	$62,404
2020	$184,171	$145,540	$1,667,340	$38,631
2019	$230,951	$190,981	$1,662,000	$39,970

FRIENDS OF FM 90