ASSOCIATION OF KENTUCKY PUBLIC RAD… - 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

2015

Legal Domicile

Principal Officer

STEPHEN GEORGE

Phone

5028146500

Tax Period

2022-07-01 to 2023-06-30

ASSOCIATION OF KENTUCKY PUBLIC RADIO STATIONS INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $934K in total revenue in fiscal year 2022. Revenue surged 337% from the prior year, signaling strong growth momentum. Expenses of $888K left a modest 5% surplus.

Mission

AKPRS DELIVERS KENTUCKY MEDIA'S LARGEST AUDIENCE OF EDUCATED INFLUENCERS, BUSINESS DECISION MAKERS, AND UPPER INCOME HOUSEHOLDS, ON A MARKET-SPECIFIC OR STATEWIDE BASIS. AKPRS CAN ALSO CREATE CUSTOM PUBLIC RADIO CAMPAIGNS IN ANY REGION OR KEY MARKET OF THE U.S.

Program Service Accomplishments

Program 1

Expenses: $879,081 Revenue: $933,981

AKPRS BANDS TOGETHER PUBLIC RADIO STATIONS ACROSS KENTUCKY TO DEVELOP AND DELIVER CONTENT RELEVANT ACROSS ALL THE MARKETS, SHARING THE RELATED EXPENSES.

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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 $0

Program Service Revenue $933,981

Investment Income $0

Other Revenue $0

TOTAL REVENUE $933,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $879,081

Other Expenses $887,961

TOTAL EXPENSES $887,961

Year-over-Year Comparison

	2022	2021	Change
Revenue	$933,981	$213,779	+3.4%
Expenses	$887,961	$252,931	+2.5%
Net Income	$46,020	$-39,152	-2.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN GEORGE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ASIA BURNETT	DIRECTOR	1.00	Officer Director	$0	$0	$0
MIKE SAVAGE	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID BRINKLEY	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	$933,981	$887,961	$137,573	$46,020
2022	$213,779	$252,931	$62,950	$-39,152
2021	$749,457	$738,409	$103,040	$11,048
2020	$247,709	$200,094	$70,960	$47,615
2019	$488,736	$525,097	$102,194	$-36,361
2018	$267,423	$184,711	$112,647	$82,712

ASSOCIATION OF KENTUCKY PUBLIC RADIO STATIONS INC