REAL LIFE RADIO FOUNDATION INC

EIN: 421573358 501(c)(3)

WAYNE CITY, IL

Total Revenue
$150,050
Total Expenses
$129,778
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
IL
Principal Officer
RANDY OLSON
Phone
6188953030
Tax Period
2021-01-01 to 2021-12-31

REAL LIFE RADIO FOUNDATION INC, founded in 2003, is a small nonprofit that reported $150K in total revenue in fiscal year 2021. Revenue surged 241% from the prior year, signaling strong growth momentum. Expenses of $130K left a modest 14% surplus.

Mission

TO OPERATE A NON PROFIT, NON-COMMERCIAL RELIGIOUS CHRISTIAN RADIO STATION ON THE FM BAND AT 90.9 MHZ UNDER THE ASSIGNED CALL LETTERS WVYN, WITH THE SLOGAN LINE "90.9 THE VINE" WHICH

Program Service Accomplishments

Program 1
Expenses: $128,580 Revenue: $150,050

TO OPERATE A NON PROFIT, NON-COMMERCIAL, RELIGIOUS CHRISTIAN RADIO STATION ON THE FM BAN AT 90.9MHZ UNDER THE ASSIGNED CALL LETTERS WVYN, WITH THE SLOGAN LINE "90.9 THE VINE" WHICH PROMOTES...

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TO OPERATE A NON PROFIT, NON-COMMERCIAL, RELIGIOUS CHRISTIAN RADIO STATION ON THE FM BAN AT 90.9MHZ UNDER THE ASSIGNED CALL LETTERS WVYN, WITH THE SLOGAN LINE "90.9 THE VINE" WHICH PROMOTES CONTEMPORARY CHRISTIAN MUSIC, AND DEVOTIONAL PROGRAMS AND EDUCATIONAL PROGRAMS TWENTY FOUR HOURS A DAY. REAL LIFE RADIO FOUNDATION INC WORKS ALONG SIDE OTHER CHRISTIAN ENTITIES IN PARTNERING TO REACH PEOPLE WITH THE GOSPEL OF JESUS CHRIST. THE RADIO MINISTRY IS 100% LISTENER SUPPORTED.

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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 (2021)

Revenue Breakdown

Contributions & Grants $50
Program Service Revenue $0
Investment Income $150,000
Other Revenue $0
TOTAL REVENUE $150,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,324
Fundraising Expenses $0
Program Expenses $128,580
Other Expenses $5,454
TOTAL EXPENSES $129,778

Year-over-Year Comparison

2021 2020 Change
Revenue $150,050 $43,974 +2.4%
Expenses $129,778 $22,786 +4.7%
Net Income $20,272 $21,188 0.0%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
40

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
$124,324
Total Directors
3
$124,324
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL LEE OLSON PRESIDENT 30.00
Officer Director
$55,162 $0 $55,162
BRIAN FULLER VICE PRESIDENT 30.00
Officer Director
$44,162 $0 $44,162
MARK WELLS TREASURER 30.00
Officer Director
$25,000 $0 $25,000
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
2021 $150,050 $129,778 No data $20,272
2020 $43,974 $22,786 $220,438 $21,188
2019 $55,362 $48,274 $222,160 $7,088
2018 $95,387 $107,724 $231,781 $-12,337
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