INDIANA PUBLIC BROADCASTING STATIO… - 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

MARK NEWMAN

Phone

3176140408

Tax Period

2024-07-01 to 2025-06-30

INDIANA PUBLIC BROADCASTING STATIONSINC, founded in 1975, is a small nonprofit that reported $491K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

TO UNIFY THE INDIANA PUBLIC BROADCASTING STATIONS INTO ONE UNIT FOR PURCHASING AND OTHER ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $377,995

IN FY 2025, IPBS PURSUED ITS SERVICE PLAN AS LAID OUT IN THE FY 2025 OPERATING BUDGET UNDER CONTENT AND SPECIAL PROJECTS. HIGHLIGHTS INCLUDE 1) PRODUCTION AND AIRING OF THE GOVERNOR'S STATE OF THE...

IN FY 2025, IPBS PURSUED ITS SERVICE PLAN AS LAID OUT IN THE FY 2025 OPERATING BUDGET UNDER CONTENT AND SPECIAL PROJECTS. HIGHLIGHTS INCLUDE 1) PRODUCTION AND AIRING OF THE GOVERNOR'S STATE OF THE STATE ADDRESS AND CHIEF JUSTICE'S STATE OF THE JUDICIARY ADDRESS, 2) PRODUCTION OF IPBS'S ANNUAL STATEHOUSE CONVERSATIONS EVENT DURING WHICH STATE LEGISLATORS WERE INTERVIEWED REGARDING IMPORTANT ISSUES OF THE DAY AND CURRENT LEGISLATIVE PRIORITIES, AND 3) STAGING OF THE IPBS ANNUAL CONFERENCE. FURTHERMORE, IPBS BEGAN PLANNING AND COORDINATION OF ITS STATEWIDE AMERICA @ 250 SPECIAL EVENTS AND DEVELOPED A STRATEGIC TRANSFORMATION PLAN FOR THE ORGANIZATION FOCUSED ON COLLABORATION, MODERNIZATION, AND OPERATIONAL EFFICIENCY TO MAXIMIZE IMPACT.

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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 $490,278

Program Service Revenue $0

Investment Income $41

Other Revenue $752

TOTAL REVENUE $491,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,484

Fundraising Expenses $7,934

Program Expenses $377,995

Other Expenses $330,997

TOTAL EXPENSES $481,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$491,071	$679,166	-0.3%
Expenses	$481,481	$2,510,706	-0.8%
Net Income	$9,590	$-1,831,540	-1.0%

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

$133,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK NEWMAN	EXECUTIVE DI	40.00	Officer	$128,705	$5,001	$133,706
ANTHONY HUNT	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHUCK ROBERTS	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
PHIL HOFFMAN	TREASURER/SE	0.50	Officer Director	$0	$0	$0
ERIN EARNEST	TV REPRESENT	0.50	Officer Director	$0	$0	$0
JOHN BAILEY	RADIO REPRES	0.50	Officer Director	$0	$0	$0
NICHOLE CARIE	IMM PAST PRE	0.50	Officer Director	$0	$0	$0
TIM BLACK	DIRECTOR	0.50	Director	$0	$0	$0
ERIC BOLSTRIDGE	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE HAINES	DIRECTOR	0.50	Director	$0	$0	$0
TOM MALONEY	DIRECTOR	0.50	Director	$0	$0	$0
KENTON MCDONALD	DIRECTOR	0.50	Director	$0	$0	$0
AMANDA MILLER KELLEY	DIRECTOR	0.50	Director	$0	$0	$0
GREG PETROWICH	DIRECTOR	0.50	Director	$0	$0	$0
TRAVIS POPE	DIRECTOR	0.50	Director	$0	$0	$0
ANGIE RAPP	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN WATSON	DIRECTOR	0.50	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	$491,071	$481,481	$370,341	$9,590
2024	$679,166	$2,510,706	$464,451	$-1,831,540
2023	$3,643,348	$2,394,375	$2,251,349	$1,248,973
2022	$3,421,083	$3,352,806	$3,521,484	$68,277
2021	$3,376,121	$3,565,122	$3,433,547	$-189,001
2020	$412,225	$695,010	$1,713,571	$-282,785
2019	$1,690,788	$458,847	$2,066,076	$1,231,941

INDIANA PUBLIC BROADCASTING STATIONSINC