PACIFIC PUBLIC MEDIA

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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

2016

Principal Officer

DAVID FISCHER

Phone

2535357758

Tax Period

2024-06-01 to 2025-05-31

PACIFIC PUBLIC MEDIA, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.8M in total revenue in fiscal year 2024.

Mission

PACIFIC PUBLIC MEDIA (KNKX) DELIVERS EXCELLENCE IN JAZZ, BLUES AND NEWS WITH DEEP STORYTELLING THAT INSPIRES, INFORMS AND CONNECTS OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $3,758,399

KNKX (PACIFIC PUBLIC MEDIA) IS AN AMBASSADOR FOR JAZZ AND BLUES, AND A VITAL SOURCE OF QUALITY, NONCOMMERCIAL NEWS, INCLUDING NPR AND REGIONAL COVERAGE. THE PROGRAMMING STAFF AT KNKX ARE STORYTELLERS WHO REACH DEEPLY INTO THE COMMUNITY TO REFLECT THE VOICES OF OUR PEOPLE, OUR REGION AND BEYOND. KNKX IS FUNDED BY A LOYAL COMMUNITY OF LISTENERS WHO VALUE THE STATION'S INDEPENDENCE. KNKX OPERATES A NETWORK OF ELEVEN RADIO SIGNALS THAT COVER WESTERN WASHINGTON. KNKX ALSO DELIVERS A FULL-TIME JAZZ STREAMING SERVICE TO LISTENERS WORLDWIDE.

Program 2

Expenses: $1,827,412

BROADCASTING AND ENGINEERING

Program 3

Expenses: $560,189

PUBLIC INFORMATIION AND PROMOTIONS

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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 $9,769,436

Program Service Revenue $60,227

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,829,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,781,583

Fundraising Expenses $2,549,804

Program Expenses $6,146,000

Other Expenses $5,147,669

TOTAL EXPENSES $9,929,252

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,829,663	$10,096,822	0.0%
Expenses	$9,929,252	$10,150,317	0.0%
Net Income	$-99,589	$-53,495	+0.9%

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

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

$305,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID FISCHER	PRESIDENT &	40.00	Officer	$39,702	$1,023	$40,725
JOSEPH COHN	EX - GENERAL	40.00	Officer	$240,300	$24,341	$264,641
CAROL HANDLEY	SENIORDIRECT	40.00	Highest	$108,930	$19,558	$128,488
SARAH MCATEE	DIRECTOR-DEV	40.00	Highest	$121,458	$18,198	$139,656
JUSTIN STEYER	DIRECTOR DME	40.00	Highest	$101,938	$20,378	$122,316
JENNIFER WISBEY	DIRECTORBUSS	40.00	Highest	$149,101	$23,344	$172,445
DAVID VETERANE	DIRECTOR/TRE	2.00	Officer Director	$0	$0	$0
STEPHEN TAN	DIRECTOR/SEC	2.00	Officer Director	$0	$0	$0
LIZ BANSE	DIRECTOR	2.00	Director	$0	$0	$0
SARAH DURAN	DIRECTOR	2.00	Director	$0	$0	$0
MARLYS ERICKSON	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA HIATT	DIRECTOR	2.00	Director	$0	$0	$0
KEITH SEINFELD	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELINE TABOR	DIRECTOR	2.00	Director	$0	$0	$0
JOHN TEUTSCH	DIRECTOR	2.00	Director	$0	$0	$0
CLAIRE SPAIN-REMY	DIRECTOR & C	2.00	Officer Director	$0	$0	$0
JOE MAJOROS	DIRECTOR OF	40.00	Officer	$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	$9,829,663	$9,929,252	$22,167,734	$-99,589
2024	$10,096,822	$10,150,317	$22,811,481	$-53,495
2023	$10,757,716	$10,054,007	$24,595,538	$703,709
2022	$10,102,948	$8,246,629	$18,492,079	$1,856,319
2021	$9,019,036	$8,093,297	$16,827,778	$925,739
2020	$9,705,672	$8,457,141	$16,530,696	$1,248,531
2019	$10,052,267	$7,763,157	$14,754,787	$2,289,110