NEW WAVE CORPORATION

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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

EDWARD HERRMANN

Phone

5738741139

Tax Period

2024-10-01 to 2025-09-30

NEW WAVE CORPORATION, founded in 1972, is a small nonprofit that reported $492K in total revenue in fiscal year 2024. The organization ran a surplus of $136K, a strong 28% operating margin.

Mission

LISTNER-SUPPORTED COMMUNITY PUBLIC RADIO STATION COMMITTED TO EDUCATING AND ENRICHING THE LIVES OF ITS MEMBERSHIP AND THE COMMUNITY IT SERVES

Program Service Accomplishments

Program 1

Expenses: $255,504 Revenue: $0

The New Wave Corporation operates KOPN 89.5 FM, a non-commercial, listener-supported community radio station broadcasting 24/7 to thousands of urban and rural listeners in central Missouri...

The New Wave Corporation operates KOPN 89.5 FM, a non-commercial, listener-supported community radio station broadcasting 24/7 to thousands of urban and rural listeners in central Missouri. Programming includes national news and analysis and locally produced programs covering diverse musical genres, local issues and events, the arts, emerging technologies, food and nutrition, farming, and health. The New Wave Corporation provides a neutral forum for the discussion of issues important to the community at large, training in radio production, and community service opportunities through participation with the local court system.

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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 (2024)

Revenue Breakdown

Contributions & Grants $459,710

Program Service Revenue $26,727

Investment Income $5,359

Other Revenue $110

TOTAL REVENUE $491,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,173

Fundraising Expenses $20,730

Program Expenses $255,504

Other Expenses $246,870

TOTAL EXPENSES $356,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$491,906	$498,507	0.0%
Expenses	$356,043	$402,156	-0.1%
Net Income	$135,863	$96,351	+0.4%

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

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

$55,774

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DYLAN MARTIN	GENERAL MANAGER	40.00	Officer	$55,774	$0	$55,774
KEVIN SHULTS	DIRECTOR	2.00	Director	$0	$0	$0
NANCY SILVER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURA WACKER	TREASURER	5.00	Officer Director	$0	$0	$0
JESS CRAIG	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW CROOK	DIRECTOR	2.00	Director	$0	$0	$0
MARTHA DANIELS	SECRETARY	5.00	Officer Director	$0	$0	$0
AUSTIN DEY	DIRECTOR	2.00	Director	$0	$0	$0
ED HERRMANN	PRESIDENT	5.00	Officer Director	$0	$0	$0
HEATHER O'CONNOR	DIRECTOR	2.00	Director	$0	$0	$0
T SHARIF ABDUL-HAKIM	DIRECTOR	2.00	Director	$0	$0	$0
LINDA DAY	DIRECTOR	2.00	Director	$0	$0	$0
GORDON ROGERS	DIRECTOR	2.00	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	$491,906	$356,043	$983,331	$135,863
2025	No data	No data	No data	No data
2024	$498,507	$402,156	$917,035	$96,351
2023	$553,872	$461,184	$856,320	$92,688
2022	$495,934	$333,772	$881,373	$162,162
2021	$238,793	$335,238	$468,744	$-96,445
2020	$461,901	$271,833	$417,843	$190,068
2019	$255,253	$348,038	$150,062	$-92,785
2018	$363,632	$243,331	$208,653	$120,301