TWIN CITIES PUBLIC MEDIA COMMONS

EIN: 472050252 501(c)(3)

SAINT PAUL, MN

Total Revenue
$9,087,500
Total Expenses
$12,617,896
Total Assets
N/A
Net Assets
N/A
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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
2014
Legal Domicile
MN
Principal Officer
SYLVIA STROBEL
Phone
6512221717
Tax Period
2021-09-01 to 2022-08-29

TWIN CITIES PUBLIC MEDIA COMMONS, founded in 2014, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2021. Revenue surged 3535% from the prior year, signaling strong growth momentum. Expenses of $12.6M exceeded revenue, resulting in a 39% operating deficit.

Mission

THE MISSION OF TWIN CITIES PUBLIC MEDIA COMMONS (TCPMC) IS TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF, TO SUPPORT THE FUNCTIONS OF, AND TO ASSIST IN CARRYING OUT THE PURPOSES OF TWIN CITIES PUBLIC TELEVISION, INC. (TPT), A MINNESOTA NONPROFIT CORPORATION.

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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 $9,025,000
Program Service Revenue $62,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $9,087,500

Expense Breakdown

Grants Paid $12,439,696
Salaries & Benefits $0
Fundraising Expenses $18,204
Program Expenses $12,575,759
Other Expenses $178,200
TOTAL EXPENSES $12,617,896

Year-over-Year Comparison

2021 2020 Change
Revenue $9,087,500 $250,000 +35.4%
Expenses $12,617,896 $1,017,811 +11.4%
Net Income $-3,530,396 $-767,811 +3.6%
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

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Governance

Voting Members
4
Independent Members
2
Employees
N/A
Volunteers
20

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
4
$809,828
Total Directors
4
$809,828
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SYLVIA STROBEL PRESIDENT AND CEO 1.00
Officer Director
$0 $36,018 $578,196
JENNIFER SCHMIDT TREASURER AND CFO 1.00
Officer Director
$0 $29,389 $231,632
ROBERT SIT CHAIR 1.00
Officer Director
$0 $0 $0
MARY LYNN CARVER VICE CHAIR 1.00
Officer 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
2022 $9,087,500 $12,617,896 No data $-3,530,396
2021 $250,000 $1,017,811 $12,555,396 $-767,811
2020 $350,000 $1,084,895 $13,569,694 $-734,895
2019 $150,000 $1,117,837 $14,304,589 $-967,837
2018 $250,000 $1,150,738 $15,645,086 $-900,738
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