FLORIDA WEST COAST PUBLIC BROADCASTING INC (EIN 590840626) - Form 990 Financial Analysis & Trantor Score

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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

1956

Legal Domicile

Principal Officer

PAUL GROVE

Phone

8132549338

Tax Period

2022-10-01 to 2023-09-30

FLORIDA WEST COAST PUBLIC BROADCASTING INC, founded in 1956, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $16.4M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.8M, a strong 23% operating margin.

Mission

WEDU IS A PUBLIC MEDIA RESOURCE THAT USES STORYTELLING AND COMMUNITY (SEE SCHEDULE O, PAGE 40)ENGAGEMENT TO CREATE A MORE INFORMED PUBLIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $13,169,673

Program Service Revenue $1,109,233

Investment Income $902,486

Other Revenue $1,227,234

TOTAL REVENUE $16,408,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,875,186

Fundraising Expenses $2,071,998

Program Expenses $9,150,068

Other Expenses $7,750,244

TOTAL EXPENSES $12,625,430

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,408,626	$14,745,768	+0.1%
Expenses	$12,625,430	$10,882,609	+0.2%
Net Income	$3,783,196	$3,863,159	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

100

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

$464,929

Total Directors

$314,412

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN C BOMSTEIN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
GARRETT SHINN	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
JEFF SPARLING	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER WILLIAMS	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
SUZANNE OAKS BROWNSTEIN	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
JEAN MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
DANIELLE DRUMMOND	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT GAULT	DIRECTOR	2.00	Director	$0	$0	$0
BOB CALAFELL	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN A BUTLER	DIRECTOR	2.00	Director	$0	$0	$0
CLAUDE MACARI	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH SEMBLER	DIRECTOR	2.00	Director	$0	$0	$0
DEVANAND MANGAR	DIRECTOR	2.00	Director	$0	$0	$0
JON PHILIPSON	DIRECTOR	2.00	Director	$0	$0	$0
HEIDI SHIMBERG	DIRECTOR	2.00	Director	$0	$0	$0
JAMES H BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
BENSON RISEMAN	DIRECTOR	2.00	Director	$0	$0	$0
PATTY SUAREZ	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE MILES JR	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN PLUMMER	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA DOUGLAS	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD DOBKIN	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL SAMELSON	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN S CRAIG	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS DUPONT	DIRECTOR	2.00	Director	$0	$0	$0
TONY COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
WALT ENGLE	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD RIVERA	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT GOUGH	DIRECTOR	2.00	Director	$0	$0	$0
NANCY HALE HOYT	DIRECTOR	2.00	Director	$0	$0	$0
CATHY UNRUH	DIRECTOR	2.00	Director	$0	$0	$0
LORI BAGGETT	DIRECTOR	2.00	Director	$0	$0	$0
PAUL GROVE	PRESIDENT & CEO	50.00	Officer Director	$280,121	$34,291	$314,412
DEBRA FRIEDBERG	CFO	50.00	Officer	$143,463	$7,054	$150,517
JOHN H CONELY JR	SENIOR VP OF OPERATIONS	50.00	Highest	$140,556	$16,805	$157,361
ARDEN ROBBINS	VP OF MARKETING AND COMMUN	50.00	Highest	$132,822	$5,170	$137,992
CLAIRE O'CONNOR SOLOMON	SENIOR VP OF DEVELOPMENT	50.00	Highest	$143,746	$14,455	$158,201

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	No data	No data	No data	No data
2023	$16,408,626	$12,625,430	$43,374,029	$3,783,196
2022	$14,745,768	$10,882,609	$35,681,835	$3,863,159
2021	$15,725,458	$10,378,412	$38,806,388	$5,347,046
2020	$11,394,460	$9,850,213	$30,023,542	$1,544,247
2019	$11,608,812	$9,546,689	$27,280,544	$2,062,123
2018	$9,873,699	$9,455,052	$24,706,220	$418,647

FLORIDA WEST COAST PUBLIC BROADCASTING INC