NATIONAL ASSOCIATION OF BROADCASTE… - 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

1994

Legal Domicile

Principal Officer

MICHELLE DUKE

Phone

2024293191

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION (THE FOUNDATION) IS DEDICATED TO REINFORCING THE FUTURE OF BROADCASTING THROUGH A COMMITMENT TO EDUCATION AND ADVANCING EXCELLENCE IN THE DIVERSITY AND COMMUNITY EFFORTS OF OUR INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $756,743 Revenue: $591,543

CELEBRATION OF SERVICE TO AMERICA (STA) : THE CELEBRATION OF STA GALA, HELD EACH YEAR, RECOGNIZES LOCAL RADIO AND TELEVISION BROADCASTERS FOR OUTSTANDING PUBLIC SERVICE. IN ADDITION TO RECOGNIZING...

CELEBRATION OF SERVICE TO AMERICA (STA) : THE CELEBRATION OF STA GALA, HELD EACH YEAR, RECOGNIZES LOCAL RADIO AND TELEVISION BROADCASTERS FOR OUTSTANDING PUBLIC SERVICE. IN ADDITION TO RECOGNIZING STATIONS FOR SERVICING THEIR LOCAL COMMUNITIES, THE LEADERSHIP AWARD IS PRESENTED TO A PUBLIC FIGURE OUTSIDE OF THE BROADCASTING INDUSTRY IN RECOGNITION OF HIS OR HER HUMANITARIAN WORK. THE CELEBRATION IS PRODUCED INTO A TELEVISION SHOW THAT AIRS ON STATIONS NATIONWIDE.

Program 2

Expenses: $364,538 Revenue: $242,876

BROADCAST LEADERSHIP TRAINING (BLT): THE EXECUTIVE MBA-STYLE PROGRAM IS HELD ONE WEEKEND PER MONTH AT NAB'S HQ IN WASHINGTON, DC. FACULTY INCLUDE MEDIA BROKERS, FINANCIAL EXPERTS, VENTURE...

BROADCAST LEADERSHIP TRAINING (BLT): THE EXECUTIVE MBA-STYLE PROGRAM IS HELD ONE WEEKEND PER MONTH AT NAB'S HQ IN WASHINGTON, DC. FACULTY INCLUDE MEDIA BROKERS, FINANCIAL EXPERTS, VENTURE CAPITALISTS, PROMINENT BROADCASTERS, MANAGEMENT EXPERTS, FCC COMMISSIONERS AND COLLEGE PROFESSORS. BLT PROGRAM HELPS IN EXPANDING THE NUMBER OF BROADCAST OWNERS AND SENIOR EXECUTIVES FROM DIVERSE BACKGROUNDS.

Program 3

Expenses: $156,702 Revenue: $127,500

MEDIA SALES ACADEMY (MSA): MSA PROGRAM TRAINS RECENT COLLEGE GRADUATES DURING AN INTENSIVE TRAINING PROGRAM, WHERE THE STUDENTS LEARN ABOUT WINNING SALES STRATEGIES, NETWORKING, PRESENTING EFFECTIVE PITCHES AND CLOSING SALES. AT THE END OF THE PROGRAM, STUDENT MAKE MOCK SALES PRESENTATIONS TO RECRUITING COMPANIES. MANY STUDENTS WHO PARTICIPATE ARE HIRED FOR MEDIA SALES POSITIONS. MSA TRAINS COLLEGE JUNIORS THROUGH RECENT COLLEGE GRADUATES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $504,595

Program Service Revenue $1,185,901

Investment Income $81,758

Other Revenue $15,942

TOTAL REVENUE $1,788,196

Expense Breakdown

Grants Paid $71,500

Salaries & Benefits $888,523

Fundraising Expenses $77,925

Program Expenses $1,761,352

Other Expenses $1,022,731

TOTAL EXPENSES $1,982,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,788,196	$1,903,959	-0.1%
Expenses	$1,982,754	$1,745,004	+0.1%
Net Income	$-194,558	$158,955	-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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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

$4,514,519

Total Directors

Key Employees

$598,545

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRELL BROWN	BOARD CHAIR (TO 11/30/23)	1.00	Director	$0	$0	$0
ARTIE ALTMAN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE BEASLEY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TONY COLES	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JAN GOLDSTEIN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KIM GUTHRIE	BOARD DIRECTOR (TO 12/31/23)	1.00	Director	$0	$0	$0
TAMRON HALL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
REBECCA HANSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JULIE KOEHN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LAWLOR	BOARD DIRECTOR	1.00	Director	$0	$0	$0
DEDE LEA	BOARD DIRECTOR (TO 3/31/23)	1.00	Director	$0	$0	$0
DAVID LOUGEE	BOARD DIRECTOR (TO 3/31/23)	1.00	Director	$0	$0	$0
DUJUAN MCCOY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
WENDY MCMAHON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BETH NEUHOFF	BOARD DIRECTOR (TO 3/31/23)	1.00	Director	$0	$0	$0
W LAWRENCE PATRICK	BOARD DIRECTOR (TO 3/31/23)	1.00	Director	$0	$0	$0
KEVIN PERRY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CRAIG ROBINSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MELODY SMALLS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
EMERSON COLEMAN	BOARD DIRECTOR (TO 1/31/23)	1.00	Director	$0	$0	$0
PAUL CURRAN JR	BOARD DIRECTOR (TO 2/28/23)	1.00	Director	$0	$0	$0
CATHERINE BADALAMENTE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
LYNN BEALL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JOESPH DISCIPIO	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CHAD MATTHEWS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MARIAN PITTMAN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
DAVE SANTRELLA	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JORDAN WERTLIEB	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KAREN WISHART	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CURTIS LEGEYT	DIRECTOR	3.00	Officer	$0	$34,362	$2,536,458
TEA GENNARO	NABLF TREASURER	3.00	Officer	$0	$33,870	$573,920
RICHARD KAPLAN	NABLF COUNSEL	3.00	Officer	$0	$34,362	$1,404,141
IRETA DUKE	PRESIDENT	42.31	Key Emp	$268,212	$18,965	$367,655
TIM DOTSON	DIRECTOR OF DEVELOPMENT	55.00	Key Emp	$203,920	$26,970	$230,890

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
2024	No data	No data	No data	No data
2023	$1,788,196	$1,982,754	$5,066,651	$-194,558
2022	$1,903,959	$1,745,004	$4,633,273	$158,955
2021	$1,426,201	$922,654	$4,291,367	$503,547
2021	$1,572,282	$972,170	$5,291,642	$600,112
2019	$1,369,425	$1,756,461	$3,096,627	$-387,036

NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION