Public Radio International Inc

Nonprofit profile at a glance

EIN: 411425271
IRS 990 coverage: 2010–2024
Forms available: Form 990 2024, Form 990-T 2024
Location: Minneapolis, MN, USA
Phone: 6123385000
Rating: 46
Verdict: MIXED
Rating confidence: Moderate
Sector: Arts, Culture, and Humanities

Official website

Reported finances

Revenue: $352,196
Expenses: $19,929
Assets: $6,015,692
Liabilities: $8,546,451

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

Leadership & pay

4 people listed

Executive titles in this filing

KERRI HOFFMAN (President & CEO)

Highest reported compensation

KERRI HOFFMAN (President & CEO): $413,224 total reported compensation
KRISTI TJADEN (VP FIN ADM &SEC): $175,728 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 serve audiences as a distinctive content source for information, insights and cultural experiences essential to living in our diverse, interconnected world.

What it reported doing in 2024

PRI is a non-profit media company specializing in audio journalism and storytelling.We believe strong public media is anchored in journalism, strengthened with diversevoices, and amplified by innovative technology.In collaboration with our parent Organization, today PRI works in partnership with hundreds of public radio stations and thousands of independent producers. Since 2016, our work has also included a substantial training program, which is helping journalists and storytellers from across the country and around the world adapt to and succeed in the highly competitive podcast market.In 2020, together with PRX, PRI introduced PRX Productions, a team of audiodirectors, editors, sound designers, engineers and producers that specialize in thehighest quality audio production and storytelling. We help make audio in all forms: podcasts, broadcast shows, experiential audio, and sonic identifiers for ourpartners.

Operating model

Revenue model: Affiliate-supported. 100% of the money available for current operations came from contributions from related organizations.
Distribution model: No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most filed governance safeguards are in place. 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: 0
Transparency & Controls: 95
Accountability: 71
Sustainability: 76
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 0%; rating input score 0
Program expense ratio: 0%; rating input score 0
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- 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: Yes; rating input score 100

Accountability

Independent voting board: 50%; rating input score 50; 16th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: 94.3%; rating input score 99; 99th percentile among comparable filings
Total-asset coverage ratio: 301.86; rating input score 100; 100th percentile among comparable filings
Liabilities to assets ratio: 1.42; rating input score 3; 3rd percentile among comparable filings
Officer compensation ratio: 162.5%; rating input score 0; 0th percentile among comparable filings

Growth

Program expense growth: -18.8% per year; rating input score 0; 6th percentile among comparable filings
Revenue growth: -14.1% per year; rating input score 0; 4th percentile among comparable filings
Asset growth: -4.5% per year; rating input score 0; 11th percentile among comparable filings

Details

Where the money goes: 0% of revenue deployed · 0% of spending went to programs
Governance: 2 of 4 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $413K · 4 people listed · 5 of 6 pay-setting controls reported
Highest-paid contractors: 1 contractor listed
Consistency: 16 of 16 current checks pass
Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
Filing history: 15 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: Resolved incoming and outgoing counterparties from filed money flows.
Related organizations: 10 filed related-organization links
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 0/100.
High — Financial Efficiency: Program expense ratio scored 0/100.
Review — Accountability: Independent voting board scored 50/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Officer compensation ratio scored 0/100.
High — Sustainability: Liabilities to assets ratio scored 3/100.