PUBLIC RADIO INC (EIN 720776781) - 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

1975

Legal Domicile

Phone

2259263050

Tax Period

2023-01-01 to 2023-12-31

PUBLIC RADIO INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

WRKF strives to entertain and to inform its audience through local, national, and international news and cultural programming.

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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 $1,606,648

Program Service Revenue $0

Investment Income $4,768

Other Revenue $5,665

TOTAL REVENUE $1,617,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $631,982

Fundraising Expenses $117,462

Program Expenses $1,119,618

Other Expenses $1,205,652

TOTAL EXPENSES $1,837,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,617,081	$1,446,778	+0.1%
Expenses	$1,837,634	$1,713,739	+0.1%
Net Income	$-220,553	$-266,961	-0.2%

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

N/A

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

$59,980

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL MAASSEN	President	20.00	Officer	$59,980	$0	$59,980
BARBARA CAREY	Director	1.00	Director	$0	$0	$0
CATHY CARMICHAEL	Director	1.00	Director	$0	$0	$0
MARCEL DUPRE	Secretary	1.00	Officer Director	$0	$0	$0
LISA FRENCH	Director	1.00	Director	$0	$0	$0
DEVIN LEMOINE	Director	1.00	Director	$0	$0	$0
ROBERT SCHNECKENBURGER	Treasurer	1.00	Officer Director	$0	$0	$0
MIKE ADAMS	Director	1.00	Director	$0	$0	$0
LEN APCAR	Director	1.00	Director	$0	$0	$0
JULIE BAXTER PAYER	Chairperson	1.00	Officer Director	$0	$0	$0
DESIREE HONOREE THOMAS	Director	1.00	Director	$0	$0	$0
LIZ HAMPTON	Director	1.00	Director	$0	$0	$0
JOSH HOLLINS	Director	1.00	Director	$0	$0	$0
MUKUL VERMA	Director	1.00	Director	$0	$0	$0
ROSS REILLY	Vice Chairperso	1.00	Officer Director	$0	$0	$0
LIZ MANGHAM	Director	1.00	Director	$0	$0	$0
KENNETH NOOJIN	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
2024	No data	No data	No data	No data
2023	$1,617,081	$1,837,634	$1,661,039	$-220,553
2022	$1,446,778	$1,713,739	$1,790,237	$-266,961
2021	$1,887,043	$1,458,894	$1,978,569	$428,149
2020	$1,478,685	$1,404,990	$1,669,653	$73,695
2019	$1,427,604	$1,187,316	$1,232,401	$240,288
2018	$1,410,004	$990,505	$1,045,927	$419,499

PUBLIC RADIO INC