Public Media Company

Nonprofit profile at a glance

EIN
841558401
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Boulder, CO, USA
Phone
7203047274
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Radio

Reported finances

Revenue
$3,420,185
Expenses
$1,951,329
Assets
$1,947,554
Liabilities
$107,165

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • TIMOTHY ISGITT (CEO)

Highest reported compensation

  • TIMOTHY ISGITT (CEO): $259,286 total reported compensation
  • STEVE HOLMES (MANAGING DIRECTOR): $148,745 total reported compensation
  • ERIN MORAN (SR. MANAGING DIRECTOR): $147,118 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 98% 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 - Most voting board members are independent and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 54
  • Accountability: 90
  • Sustainability: 62
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.6%; rating input score 41
  • Program expense ratio: 71.1%; rating input score 71
  • Fundraising efficiency: $10.37 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 0%; rating input score 0; 6th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 21st 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: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 42.9%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 1; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 43.1%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -10.2% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -4.1% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -29% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 40.6% of revenue deployed · 71.1% of spending went to programs
  • Governance: 10 of 11 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.4M in reported program spending
  • Leadership: top reported pay $259K · 15 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.