CROSSTOWN RADIO PARTNERSHIP INC (EIN 843681384) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

ROBBY GRANT

Phone

9014603031

Tax Period

2024-01-01 to 2024-12-31

CROSSTOWN RADIO PARTNERSHIP INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $722K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $673K left a modest 7% surplus.

Mission

TO ADVANCE EDUCATION IN THE GREATER MEMPHIS AND MID-SOUTH AREA THROUGH THE OWNERSHIP AND OPERATION OF NONCOMMERCIAL, NON-SECTARIAN COMMUNITY RADIO STATION, SERVICING THE GREATER MEMPHIS AND MID-SOUTH AREA BY PRESENTING EDUCATIONAL, CULTURAL, AND PUBLIC INTEREST PROGRAMS UNDER A NON-COMMERCIAL LICENSE FROM THE FEDERAL COMMUNICATIONS COMMISSION. PROGRAMMING INCLUDES BUT IS NOT LIMITED TO TO NEWS PROGRAMMING TO EDUCATE LISTENERS ON MATTERS OF LOCAL CONCERN, CULTURAL PROGRAMMING TO EDUCATE LISTENERS IN THE ARTS FROM ALL ETHNIC AND SOCIOECONOMIC SEGMENTS OF THE COMMUNITY; AND MUSIC PROGRAMMING TO EDUCATE LISTENERS ON THE HISTORY, PRESENT, AND FUTURE OF MUSIC AND MEMPHIS'S PLACE IN THAT HISTORY.

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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 $596,143

Program Service Revenue $23,829

Investment Income $7,153

Other Revenue $95,107

TOTAL REVENUE $722,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,504

Fundraising Expenses $73,149

Program Expenses $397,867

Other Expenses $321,712

TOTAL EXPENSES $673,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$722,232	$645,363	+0.1%
Expenses	$673,216	$618,057	+0.1%
Net Income	$49,016	$27,306	+0.8%

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

$165,199

Total Directors

$165,199

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBBY GRANT	EXECUTIVE DI	40.00	Officer Director	$160,746	$4,453	$165,199
ERIC BARNES	DIRECTOR/TRE	1.00	Officer Director	$0	$0	$0
COURTNEY BLANCHARD	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA BURNES	DIRECTOR/SEC	1.00	Officer Director	$0	$0	$0
JEFF COHRAN	DIRECTOR	1.00	Director	$0	$0	$0
TODD RICHARDSON	DIRECTOR/CHA	1.00	Officer Director	$0	$0	$0
CASEY SHANNON	DIRECTOR/VIC	2.00	Officer Director	$0	$0	$0
ISABEL WHITAKER	DIRECTOR	1.00	Director	$0	$0	$0
PAT MITCHELL WORLEY	DIRECT/PRESI	1.00	Officer 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	$722,232	$673,216	$1,677,910	$49,016
2023	$645,363	$618,057	$214,225	$27,306
2022	$589,489	$508,322	$186,615	$81,167
2021	$441,248	$412,525	$105,691	$28,723
2020	$496,445	$420,589	$77,582	$75,856

CROSSTOWN RADIO PARTNERSHIP INC