NASHVILLE PUBLIC 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

2018

Legal Domicile

Principal Officer

STEVE CAVENDISH

Phone

3125502349

Tax Period

2023-01-01 to 2023-12-31

NASHVILLE PUBLIC MEDIA INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $547K in total revenue in fiscal year 2023. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $244K, a strong 45% operating margin.

Mission

NASHVILLE BANNER IS A LOCALLY OWNED, COMMUNITY SUPPORTED, CIVIC NEWS ORGANIZATION. WE EXIST TO EMPOWER THE PEOPLE OF NASHVILLE TO MAKE INFORMED DECISIONS BY PROVIDING NON-PARTISAN JOURNALISM FROM AN INDEPENDENT, NONPROFIT NEWSROOM. WE ARE DIGITAL-FIRST, WITH NO PAYWALL FOR OUR STORIES, BECAUSE WE BELIEVE EVERYONE SHOULD HAVE ACCESS TO NEWS.

Program Service Accomplishments

Program 1

Expenses: $136,051

THE BANNER FIRST LOOK PROGRAM PROVIDED STORIES ON AN IRREGULAR BASIS (2-3 TIMES PER MONTH). BECAUSE OF THIS, NON-FINANCIAL PARTNERSHIP AGREEMENTS WERE MADE WITH BOTH THE NASHVILLE SCENE AND...

THE BANNER FIRST LOOK PROGRAM PROVIDED STORIES ON AN IRREGULAR BASIS (2-3 TIMES PER MONTH). BECAUSE OF THIS, NON-FINANCIAL PARTNERSHIP AGREEMENTS WERE MADE WITH BOTH THE NASHVILLE SCENE AND NEWSCHANNEL 5 TO DISTRIBUTE NASHVILLE BANNER CONTENT TO A BROAD AUDIENCE. THE BANNER REVAMPED ITS WEBSITE AND LAUNCHED DAILY COVERAGE DURING THE 2023 LOCAL ELECTIONS PROVIDING IN-DEPTH INTERVIEWS WITH CANDIDATES, STORIES ABOUT ADVERTISING, CAMPAIGN FINANCE AND ISSUES IN DISTRICT AND AT-LARGE COUNCIL RACES AND COMPREHENSIVE COVERAGE OF THE MAYOR'S RACE.

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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 $544,873

Program Service Revenue $0

Investment Income $1,673

Other Revenue $0

TOTAL REVENUE $546,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,334

Fundraising Expenses $144,035

Program Expenses $136,051

Other Expenses $85,076

TOTAL EXPENSES $302,410

Year-over-Year Comparison

	2023	2022	Change
Revenue	$546,546	$216,916	+1.5%
Expenses	$302,410	$192,202	+0.6%
Net Income	$244,136	$24,714	+8.9%

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

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN CAVENDISH	DIRECTOR/ PRESIDENT AND ED	40.00	Officer	$60,000	$0	$60,000
MICHAEL WHITLEY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BRUCE DOBIE	SECRETARY	1.00	Officer Director	$0	$0	$0
TENE FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
BETH FORTUNE	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	$546,546	$302,410	$378,271	$244,136
2022	$216,916	$192,202	$133,784	$24,714
2021	$247,108	$148,301	$108,532	$98,807