KSMQ PUBLIC SERVICE MEDIA 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

2005

Legal Domicile

Principal Officer

TARA PLATH

Phone

5074812095

Tax Period

2024-07-01 to 2025-06-30

KSMQ PUBLIC SERVICE MEDIA INC, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION OPERATES A PUBLIC TELEVISION STATION WHICH IS A PBS AFFLIATE.

Program Service Accomplishments

Program 1

Expenses: $1,501,917 Revenue: $137,449

THE ORGANIZATION OPERATES A PUBLIC TELEVISION STATION WHOSE PRIMARY PURPOSE IS BROADCASTING PROGRAMS AND CONDUCTING WORKSHOPS UNIQUELY DESIGNED TO EDUCATE AND SERVE THE SPECIFIC NEEDS OF THEIR...

THE ORGANIZATION OPERATES A PUBLIC TELEVISION STATION WHOSE PRIMARY PURPOSE IS BROADCASTING PROGRAMS AND CONDUCTING WORKSHOPS UNIQUELY DESIGNED TO EDUCATE AND SERVE THE SPECIFIC NEEDS OF THEIR AUDIENCES WITH EMPHASIS ON THOSE GROUPS WHO ARE IN NEED AND UNDERSERVED IN THE SOUTHERN MINNESOTA AND NORTHERN IOWA REGION, WITH AN ESTIMATED SERVICE AREA POPULATION OF 712,000. KSMQ PRODUCES LOCAL PROGRAMS, MOST OF WHICH ARE FUNDED THROUGH MINNESOTA ARTS AND CULTURAL HERITAGE FUND GRANTS, WHICH REQUIRE REPORTING ON QUALITATIVE AND QUANTITATIVE MEASURES FOR PERFORMANCE.

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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 $1,710,257

Program Service Revenue $127,849

Investment Income $54,746

Other Revenue $9,600

TOTAL REVENUE $1,902,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $720,887

Fundraising Expenses $185,743

Program Expenses $1,501,917

Other Expenses $1,366,432

TOTAL EXPENSES $2,087,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,902,452	$1,980,712	0.0%
Expenses	$2,087,319	$2,062,413	+0.0%
Net Income	$-184,867	$-81,701	+1.3%

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

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

$35,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN HARRINGTON	CHAIR	4.00	Officer Director	$0	$0	$0
SYLWIA BUJAK-OLIVER	PAST CHAIR	4.00	Officer Director	$0	$0	$0
CRAIG CLARK	VICE CHAIR	4.00	Officer Director	$0	$0	$0
TARA PLATH	TREASURER	8.00	Officer Director	$0	$0	$0
DAVE SENJEM	SECRETARY	2.00	Officer Director	$0	$0	$0
MIGUEL GARATE	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN MCALISTER	DIRECTOR	1.00	Director	$0	$0	$0
JEFFERY BOYD	DIRECTOR	2.00	Director	$0	$0	$0
DAN DORMAN	DIRECTOR	2.00	Director	$0	$0	$0
TAWANDA BURKS	DIRECTOR	2.00	Director	$0	$0	$0
LAURA ARCHBOLD	STATION MANAGER	40.00	Officer	$33,369	$1,958	$35,327

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	$1,902,452	$2,087,319	$2,846,902	$-184,867
2024	No data	No data	No data	No data
2023	$3,484,492	$2,361,671	$3,909,406	$1,122,821
2022	$2,516,403	$2,317,928	$4,584,399	$198,475
2021	$2,399,520	$1,857,829	$2,519,766	$541,691
2020	$1,959,038	$1,927,884	$1,789,847	$31,154
2019	$1,779,565	$1,943,939	$1,807,284	$-164,374