Society to Preserve and Encourage … - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

Corey Harker

Phone

8477737382

Tax Period

2024-03-01 to 2025-02-28

Society to Preserve and Encourage Radio Drama Variety and Comedy, founded in 1975, is a micro nonprofit that reported $34K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $41K exceeded revenue, resulting in a 22% operating deficit.

Mission

SPERDVAC exists to preserve existing classic radio material and encourage the re-creation of those programs and support the development and spread of new audio theater.

Program Service Accomplishments

Program 1

Expenses: $26,179 Revenue: $0

Archiving, restoration, preservation and storage of historical radio recordings and scripts, including transcription of same, to electronic media.

Program 2

Expenses: $9,505 Revenue: $0

Development and distribution of educational and entertaining information on the subjects of historical radio content, personalities, business and technology through our periodical, the Radiogram.

Program 3

Expenses: $1,590 Revenue: $0

Dissemination of historical radio programming content to the public through the internet via our website, You Tube channel and on-line conferences.

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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 $2,519

Program Service Revenue $19,473

Investment Income $12,115

Other Revenue $0

TOTAL REVENUE $34,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,274

Other Expenses $41,492

TOTAL EXPENSES $41,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,107	$21,374	+0.6%
Expenses	$41,492	$40,156	+0.0%
Net Income	$-7,385	$-18,782	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Corey Harker	President	Director	$0	$0	$0
Zach Eastman	Vice President	Director	$0	$0	$0
Scott Mahan	Secretary	Director	$0	$0	$0
Alexander Chamberlain	Treasurer	Director	$0	$0	$0
Constance Campanella	Director	Director	$0	$0	$0
Sean Dougherty	Director	Director	$0	$0	$0
Larry Gassman	Director	Director	$0	$0	$0
Walden Hughes	Director	Director	$0	$0	$0
James Scully	Director	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
2026	No data	No data	No data	No data
2025	$34,107	$41,492	$293,997	$-7,385
2024	$21,374	$40,156	$301,382	$-18,782
2021	$16,311	$19,825	$349,047	$-3,514
2020	$43,281	$99,956	$353,192	$-56,675
2019	$33,340	$64,235	$409,867	$-30,895

Society to Preserve and Encourage Radio Drama Variety and Comedy