POSITIVE ALTERNATIVE RADIO INC (EIN 521440112) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

Edward Baker

Phone

5409612377

Tax Period

2023-01-01 to 2023-12-31

POSITIVE ALTERNATIVE RADIO INC, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.2M in total revenue in fiscal year 2018. Expenses of $6.9M left a modest 5% surplus.

Mission

Educational Broadcasting.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,514,032

Program Service Revenue $1,336,262

Investment Income $10,774

Other Revenue $159,219

TOTAL REVENUE $8,020,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,133,713

Fundraising Expenses $763,194

Program Expenses $5,808,560

Other Expenses $3,406,445

TOTAL EXPENSES $7,540,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,020,287	$8,146,405	0.0%
Expenses	$7,540,158	$7,642,971	0.0%
Net Income	$480,129	$503,434	0.0%

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

275

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

$361,575

Total Directors

$280,847

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward Baker	President	15	Officer Director	$47,887	$0	$143,662
Brian Sanders	Secretary, Executive Vice President	40	Officer Director Highest	$137,185	$0	$137,185
Frankie Morea	VP of Programming	40	Highest	$120,664	$0	$120,664
Robyn Porterfield	Associate VP of Underwriting	40	Highest	$119,585	$0	$119,585
Gerald Grimes	VP of Creative Services	40	Highest	$111,387	$0	$111,387
Debra Bourne	Treasurer, VP of Acct & HR	40	Officer	$71,784	$0	$80,728
Vanessa Pavlik	Director	1	Director	$0	$0	$0
David Paxton	Director	1	Director	$0	$0	$0
Michael Cook	Director	1	Director	$0	$0	$0
Rick Funderburk	Director	1	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	$8,020,287	$7,540,158	$12,672,975	$480,129
2022	$8,146,405	$7,642,971	$12,738,664	$503,434
2021	$8,585,071	$6,684,906	$12,105,265	$1,900,165
2020	$7,530,688	$6,841,262	$11,416,333	$689,426
2019	$7,785,870	$7,417,963	$10,693,443	$367,907
2018	$7,243,873	$6,681,651	$10,724,593	$562,222
2018	$7,229,396	$6,857,860	$10,859,178	$371,536

POSITIVE ALTERNATIVE RADIO INC