Two Harbors Community Radio

Nonprofit profile at a glance

EIN
352458586
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025, Form 990-N 2015
Location
Two Harbors, MN, USA
Phone
2185956195
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Reported finances

Revenue
$55,523
Expenses
$56,969
Assets
$48,905
Liabilities
$1,400

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • Leo Babeu (Chair)
  • Jody Zastera (Secretary)
  • Sherri Q (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

THCR/KTWH is a non-commercial broadcast radio & webstream providing over 5,000 hours of audio content annually to a 300 sq mile FM reception area. We provide public service & emergency announcements, training, diverse cultural & educational programming to a potential FM listening of about 5,000 residents.

What it reported doing in 2025

During 2025, we had the Cabin Fever Reliever for fundraising and outreach, along with two on-line fundraisers, four concerts, Harvest Moon Gala and Heritage Days. Our radio station offers on-line streaming and over the air radio programming. Our radio station reaches residents in a 25 mile radius, with on-line options reaching an unlimited number of listeners.

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 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 82
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.6%; rating input score 87
  • Program expense ratio: 84.3%; rating input score 84

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -2.6%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6.3% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 6.4% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 12.3% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 86.6% of revenue deployed · 84.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $48K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Operating margin scored 38/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.