Laguna Radio Inc (EIN 460768058) - 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

2012

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Laguna Radio Inc, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $187K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $357K exceeded revenue, resulting in a 91% operating deficit.

Mission

Run and operate a low power FM radio station to include non-commercial educational information, including a community calendar, local news and weather, beach and surf conditions, training and internships for students, a legal question call show, traffic reports and local sports.

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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 $164,030

Program Service Revenue $13,423

Investment Income $0

Other Revenue $9,791

TOTAL REVENUE $187,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,144

Fundraising Expenses $9,386

Program Expenses $287,447

Other Expenses $200,653

TOTAL EXPENSES $356,797

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,244	$349,459	-0.5%
Expenses	$356,797	$453,152	-0.2%
Net Income	$-169,553	$-103,693	+0.6%

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

100

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	Role	Reportable Comp	Other Comp	Total
John Church	Drector	Director	$0	$0	$0
Nia Evans	Director	Director	$0	$0	$0
Jerry Price	Director	Director	$0	$0	$0
Liz McCusker	Chair and Exec Dir	Director	$0	$0	$0
Tyler McCusker	Founder	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
2023	$187,244	$356,797	$202,080	$-169,553
2022	$349,459	$453,152	$394,101	$-103,693
2021	$654,131	$551,332	$501,285	$102,799
2020	$461,800	$415,980	$397,758	$45,820
2019	$415,692	$403,251	$200,219	$12,441
2018	$420,661	$432,993	$153,394	$-12,332

Laguna Radio Inc