RADIO EYE INC (EIN 611148801) - 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

1988

Legal Domicile

Principal Officer

JOHN COPELAND

Phone

8594226390

Tax Period

2023-01-01 to 2023-12-31

RADIO EYE INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $181K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $241K exceeded revenue, resulting in a 33% operating deficit.

Mission

THE ORGANIZATION PROVIDES A RADIO READING SERVICE FOR THE BLIND AND THE PRINT-HANDICAPPED IN LEXINGTON, CENTRAL & EASTERN KENTUCKY, LOUISVILLE METRO AREA, AND ADJACENT COUNTIES IN KENTUCKY AND INDIANA WHERE BROADCASTS MAY BE RECEIVED. THROUGH THIS SERVICE, THE ORGANIZATION PROVIDES ACCESS TO PREVIOUSLY UNAVAILABLE INFORMATION INCLUDING, BUT NOT LIMITED TO, LOCAL AND NATIONAL NEWSPAPERS, CURRENT PERIODICALS, AND SPECIAL PROGRAMS ADDRESSED TO THE INTERESTS OF THE AUDIENCE.

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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 $134,302

Program Service Revenue $0

Investment Income $46,994

Other Revenue $0

TOTAL REVENUE $181,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,547

Fundraising Expenses $12,797

Program Expenses $218,107

Other Expenses $45,369

TOTAL EXPENSES $240,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$181,296	$292,481	-0.4%
Expenses	$240,916	$287,994	-0.2%
Net Income	$-59,620	$4,487	-14.3%

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

N/A

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

$116,680

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HAFLEY TERM ENDED	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN COPELAND	TREASURER	1.00	Officer Director	$0	$0	$0
ROB DEAL	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALICE DEHNER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS CLEMENTS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
RON WETZEL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BARNARD TERM ENDED	DIRECTOR	1.00	Director	$0	$0	$0
MARK WEBSTER TERM ENDED	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FARKUS	DIRECTOR	1.00	Director	$0	$0	$0
MARCIE TIMMERMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUCY STONE	EXEC. DIRECTOR	45.00	Officer	$64,701	$1,777	$66,478
THOMAS LEWIS TERM ENDED	EXEC. DIRECTOR	45.00	Officer	$50,202	$0	$50,202

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
2024	No data	No data	No data	No data
2023	$181,296	$240,916	$653,972	$-59,620
2022	$292,481	$287,994	$704,208	$4,487
2021	$308,580	$255,968	$831,912	$52,612
2020	$247,651	$233,798	$738,741	$13,853
2019	$244,198	$289,154	$632,274	$-44,956
2018	$225,209	$251,904	$617,225	$-26,695

RADIO EYE INC