Hampton Roads Educational Telecommunications Association Inc

What it reported doing in 2024

Broadcast and digital content- whro public media is the local public television broadcaster in eastern Virginia, providing quality television programming on four channels 24 hours a day. From children's shows like sesame street, daniel tiger's neighborhood to pbs showcase programs like nova, masterpiece, pbs newshour, american experience and frontline, whro-tv 15 provides quality programming for all ages. Local broadcasts and digital content include, curate, and documentaries such as city voices: homelessness to hopefulness. Whro broadcasts educational television that delights children while building reading, science, technology and math skills, programs for life-long learning, public affairs analysis and documentaries, performance programming celebrating cultural diversity and the country, acclaimed history, science and nature programming, and the best in independent films. Whrv 89.5 fm radio is the place to hear npr programs like morning edition and all things considered, american public media's marketplace, as well as alternative, jazz and folk music. Another view hosted by barbara hamm lee provides a forum to the open exchange of ideas and opinions. Podcasts/broadcasts include out the box album of the week, opening night with rebecca evans, birdnotes, educationally speaking, the emerging leaders smart pill, writer's block and arts conversations. Whro 90.3 fm radio provides 24-hour classical music and fine arts programming and is an important connection between the many fine performing arts organizations in the area and the community through partnerships to record and broadcast concerts, promote events, and highlight the rich cultural offerings of our region including broadcasts of performances by visiting artists.

Financial Efficiency

• Mission deployment rate: 70.6%; rating input score 71
• Program expense ratio: 76.6%; rating input score 77
• Fundraising efficiency: $5.58 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 97%; rating input score 97; 31st percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 9.2%; rating input score 65; 65th percentile among comparable filings
• Total-asset coverage ratio: 2.14; rating input score 64; 64th percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 78; 78th percentile among comparable filings
• Officer compensation ratio: 7.8%; rating input score 30; 30th percentile among comparable filings

Growth

• Program expense growth: 2.9% per year; rating input score 100; 25th percentile among comparable filings
• Revenue growth: 1.2% per year; rating input score 100; 13th percentile among comparable filings
• Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings