PUBLIC MEDIA COMPANY

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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

2000

Legal Domicile

Principal Officer

TIMOTHY ISGITT

Phone

7203047274

Tax Period

2024-01-01 to 2024-12-31

PUBLIC MEDIA COMPANY, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 43% operating margin.

Mission

TO CULTIVATE VIBRANT LOCAL MEDIA THAT INFORMS, CONNECTS, AND INSPIRES COMMUNITIES. WE BELIEVE THAT LOCAL MEDIA PLAYS A VITAL ROLE IN COMMUNITY LIFE, AS A TRUSTED SOURCE OF NEWS, EDUCATION, MUSIC, AND PUBLIC DISCOURSE FOR PEOPLE OF ALL AGES. WE WANT EVERY COMMUNITY ACROSS THE COUNTRY TO BE ENRICHED BY LOCAL MEDIA, AND WE WANT TO BE BOTH A CATALYST AND FACILITATOR OF THIS VISION.

Program Service Accomplishments

Program 1

Expenses: $1,387,569 Revenue: $1,449,744

CONSULTING AND OTHER PROFESSIONAL SERVICES:IN 2024 PMC PROVIDED CONSULTING SERVICES TO OVER 60 NON-PROFIT ORGANIZATIONS TO STRENGTHEN THEIR SERVICES TO THEIR COMMUNITIES. CONSULTING SERVICES INCLUDE BUSINESS MODELING, VIRTUAL ACCOUNTING, ASSET VALUATIONS, PROJECT MANAGEMENT, FINANCINGS, AND REPRESENTATION IN COLLABORATIONS, ACQUISITIONS AND OTHER NEGOTIATIONS. IN ADDITION PMC PROVIDED FREE WEBINARS, ALONG WITH ANALYSIS AND INSIGHTS TO GUIDE THE PUBLIC BROADCASTING INDUSTRY.PMC ALSO PROVIDED PRO BONO SERVICES TO SMALLER AND UNIQUE PUBLIC MEDIA ORGANIZATIONS THAT ARE OFTEN THE SOLE SERVICE IN THEIR COMMUNITIES.

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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 $1,970,141

Program Service Revenue $1,440,493

Investment Income $300

Other Revenue $9,251

TOTAL REVENUE $3,420,185

Expense Breakdown

Grants Paid $21,500

Salaries & Benefits $1,552,630

Fundraising Expenses $190,066

Program Expenses $1,387,569

Other Expenses $377,199

TOTAL EXPENSES $1,951,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,420,185	$1,515,723	+1.3%
Expenses	$1,951,329	$1,797,067	+0.1%
Net Income	$1,468,856	$-281,344	-6.2%

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

$406,404

Total Directors

$147,118

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN HARMON	CHAIR	5.00	Officer Director	$0	$0	$0
ROB IVRY	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
JOHN CRIGLER	TREASURER/SECRETARY	3.00	Officer Director	$0	$0	$0
FRED MARIENTHAL	DIRECTOR	2.00	Director	$0	$0	$0
JOSHUA MALLAMUD	DIRECTOR	2.00	Director	$0	$0	$0
TERESA BRYCE BAZEMORE	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN GRINSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
JAN NICHOLSON	DIRECTOR	2.00	Director	$0	$0	$0
LEO MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
HENRY CHENG	DIRECTOR	2.00	Director	$0	$0	$0
ERIN MORAN	SR. MANAGING DIRECTOR	38.00	Officer Director	$143,279	$3,839	$147,118
TIMOTHY ISGITT	CEO	40.00	Officer	$252,159	$7,127	$259,286
ALISON SCHOLLY	MANAGING DIRECTOR	34.00	Highest	$136,149	$3,856	$140,005
STEVE HOLMES	MANAGING DIRECTOR	40.00	Highest	$145,393	$3,352	$148,745
AUDRIE ANDERSON	DIRECTOR, ACCOUNTING	40.00	Highest	$126,303	$19,986	$146,289

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	$3,420,185	$1,951,329	$1,947,554	$1,468,856
2023	$1,515,723	$1,797,067	$433,652	$-281,344
2022	$1,437,429	$1,559,876	$705,289	$-122,447
2021	$1,598,518	$1,319,582	$812,306	$278,936
2020	$1,279,758	$1,187,980	$529,346	$91,778
2019	$1,525,627	$1,523,701	$467,016	$1,926
2018	$2,388,252	$1,872,924	$515,816	$515,328