FRIENDS OF MVYRADIO INC

EIN: 463432541 501(c)(3) Philanthropy & Grantmaking

WEST TISBURY, MA

Total Revenue
$3,138,513
Total Expenses
$2,610,479
Total Assets
$6,258,981
Net Assets
$5,631,015
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MA
Principal Officer
JAMES ATTWOOD
Phone
5086935000
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF MVYRADIO INC, founded in 2013, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.1M in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $528K, a strong 17% operating margin.

Mission

WMVY'S GOAL IS TO SERVE THE COMMUNITIES OF MARTHA'S VINEYARD AND CAPE COD AND TO REFLECT THE VOICE AND SPIRIT OF THOSE WHO LIVE HERE, THROUGH THE STATION'S PROGRAMMING AND PERSONALITIES. MVY WORKS HARD TO PROVIDE THE COMMUNITY WITH RELIABLE, CURRENT INFORMATION SURROUNDING BASIC NEEDS SUCH AS WEATHER, TIDES, SEA CONDITIONS, FERRY AND AIRLINE SERVICE, SCHOOL CLOSINGS, TRAFFIC INFORMATION, EMERGENCY MANAGEMENT MESSAGES AND OTHER VITAL SERVICES. THE STATION PROVIDES LOCAL AND NATIONAL NEWS AND BROADCASTS PUBLIC SERVICE ANNOUNCEMENTS FOR LOCAL NONPROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $1,203,591 Revenue: $708,629

THE STATION PRODUCES SEVERAL LOCALLY-FOCUSED FEATURE PROGRAMS. "THE MVYRADIO PERSON OF THE WEEK" IS A 3 MINUTE FIRST PERSON PORTRAIT OF A LOCAL INDIVIDUAL WHO IS CREATING A COMMUNITY BENEFIT. WE...

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THE STATION PRODUCES SEVERAL LOCALLY-FOCUSED FEATURE PROGRAMS. "THE MVYRADIO PERSON OF THE WEEK" IS A 3 MINUTE FIRST PERSON PORTRAIT OF A LOCAL INDIVIDUAL WHO IS CREATING A COMMUNITY BENEFIT. WE SPOTLIGHT OVER 50 INDIVIDUALS EACH YEAR. ON SUNDAY MORNINGS, WE AIR A 30 MINUTE "NEWS MAGAZINE" FORMAT PROGRAM CALLED "THE VINEYARD CURRENT." THIS PROGRAM HAS WON A DOZEN MASSACHUSETTS BROADCASTERS ASSOCIATION AWARDS. THE PROGRAM BEGINS WITH A WEEKLY NEWS ROUND-UP FEATURING REPORTERS FROM THE VINEYARD GAZETTE, FOLLOWED BY PROFILES OF PEOPLE AND ORGANIZATIONS THAT MAKE MARTHA'S VINEYARD TICK. THIS SHOW HAS A COMPANION PROGRAM CALLED "THE CAPE COD CURRENT" WHICH FOLLOWS A SIMILAR FORMAT, INSTEAD FOCUSING ON CAPE COD RESIDENTS AND ORGANIZATIONS. THROUGH THESE PROGRAMS, HUNDREDS OF LOCAL INDIVIDUALS AND ORGANIZATIONS ARE GIVEN A VOICE ON THE AIR. IN THE SUMMER, WE HAVE A 10-WEEK LIMITED PODCAST SERIES, "VINEYARD HAPPENINGS" WHICH PROVIDES EVENT INFORMATION AND COVERAGE AIMED AT THE ISLAND'S SUMMER COMMUNITY OF AFRICAN-AMERICAN VISITORS. AND WE HELPED RELAUNCH "SHED" A PODCAST SERIES THAT DISCUSSES RACE WITH VINEYARD-CONNECTED INDIVIDUALS. TO COVER LOCAL MUSIC, WE HAVE SEVERAL PROGRAMMING FEATURES AND IN-PERSON EVENTS. ON TUESDAYS, WE AIR THE WEEKLY ONE-HOUR PROGRAM "THE NEW ENGLAND SOUND" (FORMERLY, "THE LOCAL MUSIC CAFE") WHICH SPOTLIGHTS LOCAL/NEW ENGLAND-BASED INDEPENDENT MUSICIANS. WE ALSO DO A ONE-SONG SEGMENT CALLED "KEEPING IT LOCAL" WHICH FEATURES A CAPE & ISLANDS MUSICIAN. THIS AIRS TWICE PER WEEK. ON SUNDAYS AT 7PM, WE AIR "WOODSTOVE STUDIOS PRESENTS." HOUR LONG CONCERTS AND INTERVIEWS ARE RECORDED AT PETER HALPERIN'S HOME STUDIO IN WEST TISBURY AND BROADCAST WEEKLY.WE HELD OUR ANNUAL NIGHT OUT FOR NONPROFITS. WE INVITE REPRESENTATIVES FROM THE OVER 200 NONPROFITS ON THE ISLAND FOR A COCKTAIL HOUR, AND THEN BRING IN THE GENERAL PUBLIC FOR A FUN NIGHT WITH LIVE MUSIC AND FOOD. MONEY COLLECTED AT THE DOOR BENEFITS THE MV DONORS COLLABORATIVE, WHICH HOLDS EDUCATIONAL TRAINING FOR NONPROFIT LEADERS.

Program 2
Expenses: $250,056

BROADCASTING: WMVY CAN BE HEARD ON 88.7 FM ON MARTHA'S VINEYARD AND 96.5 FM IN NEWPORT. WMVY CAN ALSO BE HEARD ON A VARIETY OF STREAMING DEVICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,425,113
Program Service Revenue $708,629
Investment Income $15,913
Other Revenue $-11,142
TOTAL REVENUE $3,138,513

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,442,701
Fundraising Expenses $834,100
Program Expenses $1,453,647
Other Expenses $1,167,778
TOTAL EXPENSES $2,610,479

Year-over-Year Comparison

2025 2024 Change
Revenue $3,138,513 $2,441,319 +0.3%
Expenses $2,610,479 $2,273,968 +0.1%
Net Income $528,034 $167,351 +2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
23
Employees
32
Volunteers
45

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
5
$128,726
Total Directors
24
$128,726
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL J FINN EXECUTIVE DIRECTOR 40.00
Officer Director
$122,786 $5,940 $128,726
JAMES ATTWOOD CHAIR 5.00
Officer Director
$0 $0 $0
ROGERS BRANDON VICE CHAIR 2.00
Officer Director
$0 $0 $0
KEITH CRAWFORD TREASURER 2.00
Officer Director
$0 $0 $0
SUSAN COLE SECRETARY 2.00
Officer Director
$0 $0 $0
KATHLEEN TEEHAN DIRECTOR 2.00
Director
$0 $0 $0
BRENDA BRATHWAITE DIRECTOR 2.00
Director
$0 $0 $0
JOHN BECK DIRECTOR 2.00
Director
$0 $0 $0
KATIE DAWSON DIRECTOR 2.00
Director
$0 $0 $0
DAVID EDMONDS DIRECTOR 2.00
Director
$0 $0 $0
SCOTT FEDONCHIK DIRECTOR 2.00
Director
$0 $0 $0
SUE GUINEY DIRECTOR 2.00
Director
$0 $0 $0
TRISTAN ISRAEL DIRECTOR 2.00
Director
$0 $0 $0
URSULA KRESKEY DIRECTOR 2.00
Director
$0 $0 $0
ERIN MORAN DIRECTOR 2.00
Director
$0 $0 $0
LARRY PERKINS DIRECTOR 2.00
Director
$0 $0 $0
DEBORAH RAPPAPORT DIRECTOR 2.00
Director
$0 $0 $0
DIANN RAY DIRECTOR 2.00
Director
$0 $0 $0
GARY ROSEN DIRECTOR 2.00
Director
$0 $0 $0
RAHOUL ROY DIRECTOR 2.00
Director
$0 $0 $0
PETER TOLLMAN DIRECTOR 2.00
Director
$0 $0 $0
PAT WASHINGTON DIRECTOR 2.00
Director
$0 $0 $0
SAM FLEMING DIRECTOR 2.00
Director
$0 $0 $0
RICHARD ROBERTS 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 $3,138,513 $2,610,479 $6,258,981 $528,034
2024 $2,441,319 $2,273,968 $5,725,315 $167,351
2023 $2,400,922 $2,158,757 $5,952,705 $242,165
2022 $2,072,963 $2,015,227 $5,829,198 $57,736
2021 $2,883,787 $1,734,957 $5,681,922 $1,148,830
2020 $2,700,389 $1,353,478 $4,704,754 $1,346,911
2019 $2,341,985 $1,301,024 $2,894,479 $1,040,961
2018 $1,281,953 $1,304,103 $1,182,016 $-22,150
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