FLORIDA PUBLIC RADIO INC (EIN 591740662) - 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

1974

Legal Domicile

Principal Officer

Carol Henry

Phone

3212673000

Tax Period

2024-01-01 to 2024-12-31

FLORIDA PUBLIC RADIO INC, founded in 1974, is a small nonprofit that reported $644K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $916K exceeded revenue, resulting in a 42% operating deficit.

Mission

The organization is a licensee of nine noncommercial/educational FM radio stations. It operates the stations to serve the public with over-the-air noncommercial/educational programming in the spirit of Congress' Public Radio Act of 1967.

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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 (2024)

Revenue Breakdown

Contributions & Grants $549,735

Program Service Revenue $0

Investment Income $94,377

Other Revenue $0

TOTAL REVENUE $644,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,750

Fundraising Expenses $0

Program Expenses $915,950

Other Expenses $896,200

TOTAL EXPENSES $915,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$644,112	$832,670	-0.2%
Expenses	$915,950	$768,324	+0.2%
Net Income	$-271,838	$64,346	-5.2%

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

$8,000

Total Directors

$8,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carol Henry	President	10	Officer Director	$8,000	$0	$8,000
Harry Shetler	Director	0	Director	$0	$0	$0
William Gratton	Director	0	Director	$0	$0	$0
Mark Henry	Vice President	2	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	$644,112	$915,950	$1,825,790	$-271,838
2023	$832,670	$768,324	$1,253,540	$64,346
2022	$782,655	$781,682	$1,189,194	$973
2021	$460,166	$389,084	$1,188,221	$71,082
2020	$397,351	$390,317	$1,117,139	$7,034
2019	$418,128	$346,272	$1,110,105	$71,856
2018	$356,721	$343,994	$855,661	$12,727

FLORIDA PUBLIC RADIO INC