WSRE TV FOUNDATION INC

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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

1990

Legal Domicile

Principal Officer

AMY DAY

Phone

8504841200

Tax Period

2024-07-01 to 2025-06-30

WSRE TV FOUNDATION INC, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 47% operating margin.

Mission

THE MISSION OF THE WSRE TV FOUNDATION IS TO RAISE FUNDS AND OTHERWISE SUPPORT THE ACTIVITIES, OPERATIONS AND CAPITAL NEEDS FOR WSRE-TV, A PUBLIC TELECOMMUNICATIONS STATION LICENSED BY THE FEDERAL COMMUNICATIONS COMMISSION. THE STATION IS LICENSED TO THE DISTRICT BOARD OF TRUSTEES OF PENSACOLA STATE COLLEGE AND FUNCTIONS OPERATIONALLY AS A DEPARTMENT OF PENSACOLA STATE COLLEGE. THE STATION IS AN AFFILIATED MEMBER OF THE PUBLIC BROADCASTING SERVICE.

Program Service Accomplishments

Program 1

Expenses: $411,166 Revenue: $0

THE WSRE-TV FOUNDATION PROVIDES SUPPORT FOR THE OPERATIONAL NEEDS OF WSRE, PBS FOR THE GULF COAST. ITS PROGRAM SERVICE ACTIVITIES SUPPORT STATION EFFORTS TO:1. PROVIDE EDUCATIONAL TELEVISION TO THE CITIZENS OF NORTHWEST FLORIDA OVER 5 DIGITAL BROADCAST STREAMS AND OVER ITS WEBSITE. BROADCAST HOURS ARE APPROXIMATELY 43,000 PER YEAR, 24 HOURS A DAY, 7 DAYS A WEEK. 2. PROVIDE A DIVERSE ARRAY OF HIGH-QUALITY LOCALLY-PRODUCED PROGRAMMING INCLUDING CURRENT AFFAIRS, ARTS/CULTURE, MINORITY ISSUES, AND DOCUMENTARIES.3. PROVIDE EDUCATIONAL AND OUTREACH SERVICES TO THE CITIZENS OF NORTHWEST FLORIDA THROUGH WSRE'S READING PROGRAMS, TEACHER TRAINING OPPORTUNITIES, AND OTHER LITERACY-BASED INITIATIVES. WSRE IMAGINATION STATION, IN PARTNERSHIP WITH A LOCAL BASEBALL TEAM, IS AN OUTREACH VENUE AT THE TEAM'S BALLPARK IN DOWNTOWN PENSACOLA, OFFERING FREE EARLY LITERARY RESOURCES AND ACCESS TO HANDS-ON DIGITAL MEDIA LEARNING ASSETS PROVIDED BY PBS AND WSRE.

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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 $1,532,421

Program Service Revenue $0

Investment Income $627,491

Other Revenue $59,939

TOTAL REVENUE $2,219,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $422,935

Program Expenses $411,166

Other Expenses $1,175,814

TOTAL EXPENSES $1,175,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,219,851	$1,505,726	+0.5%
Expenses	$1,175,814	$1,206,665	0.0%
Net Income	$1,044,037	$299,061	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BRENT VIDEAU	CHAIR	1.00	Officer Director	$0	$0	$0
EL ROCHE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAREN POPE	INTERIM TREASURER	1.00	Officer Director	$0	$0	$0
DR TROY TIPPETT	TRUSTEE REPRESENTATIVE	1.00	Officer Director	$0	$0	$0
JILL HUBBS	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
AMY DAY	SECRETARY	1.00	Officer Director	$0	$0	$0
CAPT STERLING GILLIAM USN RET	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA GRIFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN HAAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MAMIE HIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL JOYNER	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER KERCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK LAMBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY LOVE	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE POWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL SPAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARSON WILBER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEA WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR PC WU	BOARD MEMBER	1.00	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	$2,219,851	$1,175,814	$5,349,786	$1,044,037
2024	No data	No data	No data	No data
2023	$1,155,695	$980,119	$4,109,654	$175,576
2022	$1,353,658	$1,142,317	$3,786,075	$211,341
2021	$1,381,109	$1,224,081	$4,036,173	$157,028
2020	$1,342,370	$1,236,981	$3,550,215	$105,389
2018	$1,472,808	$1,234,051	$3,283,567	$238,757