Lubbock Public Media
Nonprofit profile at a glance
- EIN
- 933186921
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2024
- Location
- Lubbock, TX, USA
- Phone
- 8067453434
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Radio
Reported finances
- Revenue
- $313,208
- Expenses
- $252,486
- Assets
- $415,870
- Liabilities
- $205,359
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- BRAD MORAN (PRESIDENT)
People named in this filing
- AVA MORAN (TREASURER)
- BRAD MORAN (PRESIDENT)
- CARLA MORAN (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lubbock public media is a nonprofit corporation and licensed as a non- commericial educational station whose mission is to provide classical music to lubbock area audiences on the air and online to promote live musice, the performing of visual arts, and continuing education of the arts in the lubbock area.
Operating model
- Revenue model
- Grant-funded. 99% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 15
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 60
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 15.5%; rating input score 15
- Program expense ratio: 18.6%; rating input score 19
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 19.4%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 1.65; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 102.9% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 130.3% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 15.5% of revenue deployed · 18.6% of spending went to programs
- Governance: 7 of 7 board members independent · 2 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $47K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 15/100.
- High — Financial Efficiency: Program expense ratio scored 19/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.