CAPITOL BROADCASTING ASSOCIATION I… - 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

1965

Legal Domicile

Principal Officer

GEORGE PRESTON

Phone

5124765632

Tax Period

2023-01-01 to 2023-12-31

CAPITOL BROADCASTING ASSOCIATION INC, founded in 1965, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $3.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

CLASSICAL MUSIC INSPIRES AND RESTORES THE HUMAN SPIRIT. KMFA HANDCRAFTS EXCEPTIONAL CLASSICAL MUSIC EXPERIENCES ON-AIR, ONLINE, AND IN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,370,579 Revenue: $162,062

KMFA 89.5 IS AN INDEPENDENT PUBLIC CLASSICAL RADIO STATION IN AUSTIN, TX. KMFA SERVES APPROXIMATELY 100,000 LISTENERS EACH WEEK AND FEATURES LOCALLY PRODUCED SHOWS LIKE CLASSICAL AUSTIN, EARLY MUSIC NOW, AND FROM THE BUTLER SCHOOL, AS WELL AS NATIONALLY DISTRIBUTED PROGRAMMING FROM THE WFMT RADIO NETWORK, THE METROPOLITAN OPERA, AMERICAN PUBLIC MEDIA, AND NATIONAL PUBLIC RADIO. LIVE CONCERTS AND BROADCASTS ARE REGULARLY HELD HERE, AS ARE SOCIAL OCCASIONS, YOUTH CAMPS, TOURS FOR SENIORS AND STUDENTS IN K-12 TOURS, AND COMMUNITY EVENTS.

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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 $2,142,396

Program Service Revenue $359,602

Investment Income $14,438

Other Revenue $177,616

TOTAL REVENUE $2,694,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,653,107

Fundraising Expenses $1,091,923

Program Expenses $1,370,579

Other Expenses $1,420,206

TOTAL EXPENSES $3,073,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,694,052	$2,246,779	+0.2%
Expenses	$3,073,313	$2,742,088	+0.1%
Net Income	$-379,261	$-495,309	-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

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

$247,231

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SORIYA ESTES	CHAIR	2.00	Officer Director	$0	$0	$0
EDWINA CARRINGTON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHELLE ROSENBLATT	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW TEAGLE	SECRETARY	2.00	Officer Director	$0	$0	$0
GRAHAM CUMBERBATCH	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES BAILEY	TRUSTEE	2.00	Director	$0	$0	$0
MANDY DEALEY	TRUSTEE	2.00	Director	$0	$0	$0
CLAUDE DUCLOUX	TRUSTEE	2.00	Director	$0	$0	$0
DOUG EICHER	TRUSTEE	2.00	Director	$0	$0	$0
DONALD GRANTHAM	TRUSTEE	2.00	Director	$0	$0	$0
ZAZ FLOREANI	TRUSTEE	2.00	Director	$0	$0	$0
LOU ANN LASHER	TRUSTEE	2.00	Director	$0	$0	$0
MARK LYON	TRUSTEE	2.00	Director	$0	$0	$0
LAVONNE P MASON	TRUSTEE	2.00	Director	$0	$0	$0
STEVEN MOORE	TRUSTEE	2.00	Director	$0	$0	$0
RON OLIVEIRA	TRUSTEE	2.00	Director	$0	$0	$0
CAROL WALSH-KNUTSON	TRUSTEE	2.00	Director	$0	$0	$0
NANCY SCANLAN	TRUSTEE	2.00	Director	$0	$0	$0
KEN STEIN	TRUSTEE	2.00	Director	$0	$0	$0
CATHERINE WILDERMUTH	TRUSTEE	2.00	Director	$0	$0	$0
ANNE PETERSON	DIRECTOR OF FINANCE & ADMI	40.00	Officer	$84,496	$12,843	$97,339
GEORGE PRESTON	PRESIDENT/CEO	40.00	Officer	$143,590	$6,302	$149,892
MARIE SELFRIDGE	UNDERWRITING ACCOUNT EXECUTIVE	40.00	Highest	$103,140	$8,094	$111,234

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	$2,694,052	$3,073,313	$10,666,709	$-379,261
2022	$2,246,779	$2,742,088	$11,120,688	$-495,309
2021	$3,656,134	$2,369,489	$11,419,907	$1,286,645
2020	$4,283,464	$2,198,921	$12,145,873	$2,084,543
2019	$4,011,523	$2,134,109	$8,352,085	$1,877,414
2018	$3,166,970	$2,349,724	$5,963,348	$817,246

CAPITOL BROADCASTING ASSOCIATION INC