Friends of Public Radio DBA WHQR

EIN: 581399301 501(c)(3) Arts, Culture & Humanities

Wilmington, NC

Total Revenue
$1,846,564
Total Expenses
$1,905,807
Total Assets
$2,654,588
Net Assets
$2,242,954
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
NC
Principal Officer
Richard Clerkin
Phone
9103431640
Tax Period
2023-07-01 to 2024-06-30

Friends of Public Radio DBA WHQR, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023.

Mission

To offer news, music, entertainment and interaction to expand knowledge, encourage artistic appreciation, engage our community and promote civil discourse.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,690,246
Program Service Revenue $0
Investment Income $28,841
Other Revenue $127,477
TOTAL REVENUE $1,846,564

Expense Breakdown

Grants Paid $0
Salaries & Benefits $972,387
Fundraising Expenses $423,970
Program Expenses $1,195,221
Other Expenses $933,420
TOTAL EXPENSES $1,905,807

Year-over-Year Comparison

2023 2022 Change
Revenue $1,846,564 $1,893,990 0.0%
Expenses $1,905,807 $1,855,323 +0.0%
Net Income $-59,243 $38,667 -2.5%
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
15
Independent Members
15
Employees
17
Volunteers
250

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
$0
Total Directors
16
$74,325
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Fortlouis Treasurer 4.00
Officer Director
$0 $0 $0
Kevin Crane Station Manager 40.00
Director
$74,325 $0 $74,325
Richard Clerkin Chair 4.00
Officer Director
$0 $0 $0
Adrian Varnam Vice Chair 4.00
Officer Director
$0 $0 $0
Lori Wainwright Secretary 4.00
Officer Director
$0 $0 $0
Samantha Dooies Director 4.00
Director
$0 $0 $0
Nathaniel Cook Director 4.00
Director
$0 $0 $0
John Frye Director 4.00
Director
$0 $0 $0
Velva Jenkins Director 4.00
Director
$0 $0 $0
Tori Jones Director 4.00
Director
$0 $0 $0
Kimberly Loney Director 4.00
Director
$0 $0 $0
Shelly O'Rourke Director 4.00
Director
$0 $0 $0
Diane Pappayliou Director 4.00
Director
$0 $0 $0
Seth Smiley Director 4.00
Director
$0 $0 $0
Kitty Yerkes Director 4.00
Director
$0 $0 $0
Rob Zapple Director 4.00
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 No data No data No data No data
2024 $1,846,564 $1,905,807 $2,654,588 $-59,243
2023 $1,893,990 $1,855,323 $2,675,278 $38,667
2022 $1,718,286 $1,701,729 $2,458,676 $16,557
2021 $1,833,468 $1,610,739 $2,531,303 $222,729
2020 $1,723,613 $1,478,714 $2,407,274 $244,899
2019 $1,555,679 $1,532,940 $2,047,596 $22,739
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