Friends of Public Radio DBA WHQR

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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

1980

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $1,195,221

WHQR offers 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%)

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$74,325

Key Employees

Highest Compensated

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