CAPITAL PUBLIC RADIO FDBA KXPR/KXJ… - Form 990 Financial Data

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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

FRANK MARANZINO

Phone

9162788900

Tax Period

2022-07-01 to 2023-06-30

CAPITAL PUBLIC RADIO FDBA KXPR/KXJZ INC, founded in 1990, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $18.1M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $20.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

CAPITAL PUBLIC RADIO, INC.'S PURPOSE IS TO PROVIDE A TRUSTED SOURCE OF INFORMATION, MUSIC, ARTS, AND ENTERTAINMENT FOR CURIOUS AND THOUGHTFUL PEOPLE, IN AN EFFICIENT, SUSTAINABLE WAY, STRENGTHENING THE CIVIC AND CULTURAL LIFE OF THE COMMUNITY SERVED.

Program Service Accomplishments

Program 1

Expenses: $12,415,560 Revenue: $3,362,588

PROVIDED LISTENING AUDIENCE OF APPROXIMATELY 300,000 PER WEEK WITH NON-COMMERCIAL AND FINE ART RADIO PROGRAMMING INCLUDING NEWS, CLASSICAL AND JAZZ MUSIC.

Program 2

Expenses: $23,284 Revenue: $0

PARTIAL FUNDS PROVIDED BY THE SACRAMENTO METROPOLITAN CABLE TELEVISION COMMISSION TO GIVE SACRAMENTO COUNTY CABLE SUBSCRIBERS PUBLIC RADIO PROGRAMMING INCLUDING NON-COMMERCIAL NEWS, CLASSICAL AND...

PARTIAL FUNDS PROVIDED BY THE SACRAMENTO METROPOLITAN CABLE TELEVISION COMMISSION TO GIVE SACRAMENTO COUNTY CABLE SUBSCRIBERS PUBLIC RADIO PROGRAMMING INCLUDING NON-COMMERCIAL NEWS, CLASSICAL AND JAZZ MUSIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,603,952

Program Service Revenue $3,364,638

Investment Income $19,214

Other Revenue $100,487

TOTAL REVENUE $18,088,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,384,143

Fundraising Expenses $6,127,691

Program Expenses $12,438,844

Other Expenses $11,359,568

TOTAL EXPENSES $20,866,994

Year-over-Year Comparison

	2022	2021	Change
Revenue	$18,088,291	$16,162,286	+0.1%
Expenses	$20,866,994	$17,418,092	+0.2%
Net Income	$-2,778,703	$-1,255,806	+1.2%

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

124

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

$415,886

Total Directors

$264,542

Key Employees

$622,601

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUN REINA	EXECUTIVE VICE PRESIDENT & GM	40.00	Officer Director	$223,080	$41,462	$264,542
PAUL ADAMS	DIRECTOR OF CORPORATE SUPPORT	40.00	Key Emp	$244,384	$23,159	$267,543
KELLY MORRISON	ACCOUNT EXECUTIVE, CORP SUPPORT	40.00	Highest	$181,386	$19,708	$201,094
JOE BARR	CHIEF CONTENT OFFICER	40.00	Highest	$181,525	$8,477	$190,002
SHIRLEE TULLY	CHIEF DEVELOPMENT & MARKETING OFFICER	40.00	Key Emp	$160,583	$24,883	$185,466
ELIZABETH COOPER	ACCOUNT EXECUTIVE	40.00	Highest	$161,417	$18,887	$180,304
FRANK MARANZINO	DIRECTOR OF TECHNOLOGY	40.00	Key Emp	$155,059	$14,533	$169,592
ROCIO DE VALK	DIRECTOR OF FINANCE	40.00	Officer	$135,000	$16,344	$151,344
DESIREE ARAGON	DIRECTOR OF TALENT AND CULTURE	40.00	Highest	$135,600	$7,380	$142,980
JOSEPH MARTIN	STRATEGIC GIVING DIRECTOR	40.00	Highest	$127,908	$13,441	$141,349
ANDREA CLARK	CHAIR (AS OF 1/23)	1.00	Officer Director	$0	$0	$0
KIM SILVERS	CHAIR (THRU 12/22)	1.00	Officer Director	$0	$0	$0
CORNELIOUS BURKE	VICE CHAIR (AS OF 1/23)	1.00	Officer Director	$0	$0	$0
BENA ARAO	TREASURER (AS OF 1/23)	1.00	Officer Director	$0	$0	$0
BILL YEE	TREASURER (THRU 12/22)	1.00	Officer Director	$0	$0	$0
BARBARA OCONNOR	SECRETARY (THRU 12/22)	1.00	Officer Director	$0	$0	$0
CHRIS RUSSELL	SECRETARY (AS OF 1/23)	1.00	Officer Director	$0	$0	$0
RUTH BLANK	PAST CHAIR (THRU 1/23)	1.00	Officer Director	$0	$0	$0
LISA BADER	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE BARDIS MIRY	DIRECTOR	1.00	Director	$0	$0	$0
LORELEI E BAYNE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE CHARLES	DIRECTOR	1.00	Director	$0	$0	$0
ROGER A DREYER	DIRECTOR	1.00	Director	$0	$0	$0
MARYA ENDRIGA	DIRECTOR	1.00	Director	$0	$0	$0
KELLY FREITAS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE LAM	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA LARSON	DIRECTOR	1.00	Director	$0	$0	$0
THERESA MANLEY FREI	DIRECTOR	1.00	Director	$0	$0	$0
MONICA NAINSZTEIN	DIRECTOR	1.00	Director	$0	$0	$0
ODIN RASCO	DIRECTOR	1.00	Director	$0	$0	$0
MARJORIE SOLOMON FRIEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANTOINETTE VOJTECH	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS WAGEMANN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN WEISS	DIRECTOR	1.00	Director	$0	$0	$0
FRANK WHITLATCH	DIRECTOR	1.00	Director	$0	$0	$0
CARRI ZIEGLER	DIRECTOR	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$18,088,291	$20,866,994	$21,380,892	$-2,778,703
2022	$16,162,286	$17,418,092	$40,472,565	$-1,255,806
2021	$17,628,890	$14,311,499	$20,160,077	$3,317,391
2020	$14,911,647	$11,922,771	$13,538,452	$2,988,876
2019	$14,279,476	$11,518,628	$11,139,093	$2,760,848
2018	$11,335,599	$11,134,547	$8,843,765	$201,052

CAPITAL PUBLIC RADIO FDBA KXPR/KXJZ INC