Radio Milwaukee Inc
Radio Milwaukee Inc faces recent operational deficits despite strong asset base and consistent zero officer compensation.
EIN: 201257939 · Milwaukee, WI · NTEE: A34 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $4.5M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.7M |
| Transparency Score | 85/100 |
Is Radio Milwaukee Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Radio Milwaukee Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Radio Milwaukee Inc
Radio Milwaukee Inc (EIN: 201257939) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code A34. The organization reported total revenue of $5.1M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Radio Milwaukee Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Radio Milwaukee Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-1,249,378 |
| Total Assets | $4.0M |
| Total Liabilities | $268K |
| Net Assets | $3.7M |
| Operating Margin | -38.6% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, Radio Milwaukee Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Radio Milwaukee Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.8% | +12.4% | -23.3% |
| 2022 | -2.6% | +16.6% | -10.5% |
| 2021 | +2.2% | -3.0% | +7.9% |
| 2020 | -13.0% | -22.0% | +1.6% |
| 2019 | +19.0% | +47.0% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Radio Milwaukee Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Radio Milwaukee Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size with revenues often exceeding $3 million. This suggests either a fully volunteer executive leadership or that compensation is categorized differently, but it strongly indicates a commitment to minimizing overhead in this specific area.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Radio Milwaukee Inc's IRS 990 filings:
- Significant operational deficit in the most recent filing (202312) where expenses ($4,489,785) substantially exceeded revenue ($3,240,407).
- Recurring operational deficits in multiple years (202312, 202212, 201912) indicate potential challenges in consistent financial sustainability.
- Unusually consistent 0% officer compensation across all filings, which may obscure how executive leadership is compensated or indicate a reliance on volunteer leadership at a large scale.
Strengths
The following positive indicators were identified for Radio Milwaukee Inc:
- Strong asset base ($3,988,619 in 202312) provides financial stability and a buffer against operational shortfalls.
- Consistent filing of IRS 990s over 13 periods demonstrates a commitment to transparency and regulatory compliance.
- Low liabilities relative to assets (e.g., $268,357 liabilities vs. $3,988,619 assets in 202312) indicates strong financial solvency.
- History of generally stable operations with revenues often exceeding or closely matching expenses in many periods.
Frequently Asked Questions about Radio Milwaukee Inc
Is Radio Milwaukee Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Radio Milwaukee Inc (EIN: 201257939) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Radio Milwaukee Inc spend its money?
Radio Milwaukee Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Radio Milwaukee Inc tax-deductible?
Radio Milwaukee Inc is registered as a tax-exempt nonprofit (EIN: 201257939). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Radio Milwaukee Inc CEO make?
Radio Milwaukee Inc's highest-compensated officer earns $3 annually. The organization reported $5.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Radio Milwaukee Inc's spending goes to programs?
Radio Milwaukee Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Radio Milwaukee Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Radio Milwaukee Inc is above average for NTEE category A34 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Radio Milwaukee Inc located?
Radio Milwaukee Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 201257939. It is classified under NTEE code A34.
How many years of IRS 990 filings does Radio Milwaukee Inc have?
Radio Milwaukee Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.1M in total revenue.
Why is officer compensation consistently reported as 0%?
The IRS 990 filings for Radio Milwaukee Inc consistently report 0% for officer compensation across all 13 periods. This is highly unusual for an organization with annual revenues often exceeding $3 million and suggests either a fully volunteer executive leadership or that executive compensation is reported under different expense categories, which would require further investigation of the full 990 forms.
What caused the significant deficit in the 202312 period?
In the 202312 period, Radio Milwaukee Inc reported expenses of $4,489,785 against revenues of $3,240,407, resulting in a deficit of over $1.2 million. The provided data does not specify the exact causes, but it indicates a substantial increase in expenses or a decrease in revenue compared to previous years, warranting a closer look at the detailed expense breakdown in the full 990.
How does the organization plan to address recent operational deficits?
The data shows operational deficits in 202312, 202212, and 201912. While the organization has a strong asset base, sustained deficits could erode its financial stability. The filings do not provide information on specific strategies to address these deficits, such as revenue diversification, cost-cutting measures, or increased fundraising efforts.
Filing History
IRS 990 filing history for Radio Milwaukee Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Radio Milwaukee Inc's revenue has grown by 111%, moving from $1.5M to $3.2M. Total assets increased by 228.1% over the same period, from $1.2M to $4.0M. Total functional expenses rose by 221%, from $1.4M to $4.5M. In its most recent filing year (2023), Radio Milwaukee Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $268K in liabilities against $4.0M in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $4.5M | $4.0M | $268K | — | — |
| 2022 | $3.6M | $4.0M | $5.2M | $233K | — | View 990 |
| 2021 | $3.6M | $3.4M | $5.8M | $404K | — | View 990 |
| 2020 | $3.6M | $3.5M | $5.4M | $200K | — | — |
| 2019 | $4.1M | $4.5M | $5.3M | $150K | — | View 990 |
| 2018 | $3.4M | $3.1M | $5.8M | $186K | — | View 990 |
| 2017 | $2.8M | $2.7M | $5.3M | $132K | — | — |
| 2016 | $2.4M | $2.4M | $5.2M | $90K | — | View 990 |
| 2015 | $2.2M | $2.3M | $5.1M | $68K | — | View 990 |
| 2014 | $2.1M | $1.9M | $5.2M | $120K | — | View 990 |
| 2013 | $4.6M | $1.7M | $6.3M | $1.3M | — | View 990 |
| 2012 | $2.5M | $1.6M | $2.2M | $124K | — | View 990 |
| 2011 | $1.5M | $1.4M | $1.2M | $72K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $4.5M, and assets of $4.0M (revenue -8.8% year-over-year).
- 2022: Revenue of $3.6M, expenses of $4.0M, and assets of $5.2M (revenue -2.6% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.4M, and assets of $5.8M (revenue +2.2% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.5M, and assets of $5.4M (revenue -13.0% year-over-year).
- 2019: Revenue of $4.1M, expenses of $4.5M, and assets of $5.3M (revenue +19.0% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.1M, and assets of $5.8M (revenue +23.6% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.7M, and assets of $5.3M (revenue +16.5% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.4M, and assets of $5.2M (revenue +7.6% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.3M, and assets of $5.1M (revenue +5.6% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.9M, and assets of $5.2M (revenue -54.1% year-over-year).
- 2013: Revenue of $4.6M, expenses of $1.7M, and assets of $6.3M (revenue +83.9% year-over-year).
- 2012: Revenue of $2.5M, expenses of $1.6M, and assets of $2.2M (revenue +62.6% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.4M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Radio Milwaukee Inc:
Data Sources and Methodology
This transparency report for Radio Milwaukee Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.