NATIONAL ASSOCIATION OF BLACK OWNED BROADCASTERS

EIN: 630773764 Community Improvement

WASHINGTON, DC

Total Revenue
$929,048
Total Expenses
$1,250,436
Total Assets
$223,757
Net Assets
$192,205
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DC
Principal Officer
JAMES L WINSTON
Tax Period
2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF BLACK OWNED BROADCASTERS, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $929K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 35% operating deficit.

Mission

TO INCREASE THE NUMBER OF AFRICAN AMERICAN OWNED BROADCAST STATIONS AND TO IMPROVE THE BUSINESS CLIMATE IN WHICH THEY OPERATE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $929,048
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $929,048

Expense Breakdown

Grants Paid $0
Salaries & Benefits $232,771
Fundraising Expenses $0
Other Expenses $1,017,665
TOTAL EXPENSES $1,250,436

Year-over-Year Comparison

2023 2022 Change
Revenue $929,048 $1,714,684 -0.5%
Expenses $1,250,436 $1,197,406 +0.0%
Net Income $-321,388 $517,278 -1.6%
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

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Governance

Voting Members
4
Independent Members
4
Employees
2
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
3
$150,000
Total Directors
0
$0
Key Employees
1
$150,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES L WINSTON PRESIDENT 040.00
Officer Key Emp Highest
$150,000 $0 $150,000
MICHAEL CARTER VICE PRESIDENT 005.00
Officer
$0 $0 $0
KAREN E SLADE TREASURER 005.00
Officer
$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
2023 $929,048 $1,250,436 $223,757 $-321,388
2022 $1,714,684 $1,197,406 $649,252 $517,278
2021 $898,135 $863,558 $131,974 $34,577
2021 $152,513 $145,000 $32,511 $7,513
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