Way Media Inc (EIN 592659856) - 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

1985

Legal Domicile

Principal Officer

Tim Dukes

Phone

7195330300

Tax Period

2021-07-01 to 2022-05-19

Way Media Inc, founded in 1985, is a mid-sized nonprofit that reported $18.8M in total revenue in fiscal year 2021. The organization ran a surplus of $3.9M, a strong 21% operating margin.

Mission

Operate commerical and non-commercial WAY-FM Christian radio stations and a radio network

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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 (2021)

Revenue Breakdown

Contributions & Grants $15,476,083

Program Service Revenue $2,764,352

Investment Income $630,628

Other Revenue $-39,148

TOTAL REVENUE $18,831,915

Expense Breakdown

Grants Paid $4,900

Salaries & Benefits $7,206,046

Fundraising Expenses $1,877,404

Program Expenses $9,579,247

Other Expenses $7,378,403

TOTAL EXPENSES $14,951,759

Year-over-Year Comparison

	2021	2020	Change
Revenue	$18,831,915	$19,398,168	0.0%
Expenses	$14,951,759	$15,729,751	0.0%
Net Income	$3,880,156	$3,668,417	+0.1%

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

112

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

$210,456

Total Directors

$210,456

Key Employees

$662,134

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Dukes	Interim CEO/President	40.00	Officer Director	$196,105	$14,351	$210,456
Nancy Overfield	Director/Chair	1.00	Officer Director	$0	$0	$0
Andy Burdsall	Director/Treasurer	1.00	Officer Director	$0	$0	$0
Curt Swindoll	Director/Secretary	1.00	Officer Director	$0	$0	$0
Ash Greyson	Director	1.00	Director	$0	$0	$0
Mark Maxwell	Director	1.00	Director	$0	$0	$0
Gregg Capin	Director	1.00	Director	$0	$0	$0
Joe Battaglia	Director	1.00	Director	$0	$0	$0
Gabrielle Bosche	Director	1.00	Director	$0	$0	$0
Billy J O'Neal	Chief Development Officer	40.00	Key Emp	$203,345	$31,930	$235,275
Ron Harrell	VP, Content	40.00	Key Emp	$200,250	$25,938	$226,188
James Marshall	VP, Broadcast Operations	40.00	Key Emp	$167,457	$33,214	$200,671
Gary Wallace	Morning show host	40.00	Highest	$161,082	$28,135	$189,217
Mike Jenkins	Director, Underwriting & Sales	40.00	Highest	$137,105	$30,917	$168,022
Donald Taft Ayers	Business Development Director	40.00	Highest	$150,853	$6,590	$157,443
Zach Cochran	Regional Manager	40.00	Highest	$122,128	$31,378	$153,506
Michael Tedesco	Regional Manager	40.00	Highest	$125,697	$21,827	$147,524
John Scaggs	Former CEO (Former Officer)	0.00		$285,700	$28,528	$314,228

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
2022	$18,831,915	$14,951,759	No data	$3,880,156
2021	$19,398,168	$15,729,751	$26,819,663	$3,668,417
2020	$19,028,429	$15,648,309	$26,998,689	$3,380,120
2019	$17,285,546	$15,371,590	$22,526,613	$1,913,956
2018	$16,084,089	$14,541,381	$21,010,745	$1,542,708

Way Media Inc