Civic Intelligence

Wrvm Inc.

990 • Fiscal year 2023 • EIN 39-1102434

Jan 01, 2023 to Dec 31, 2023 • Filed on Dec 19, 2024

Organization ProfileWWW.WRVM.ORG
PO Box 212Suring, WI 54174-0212

(920) 842-2900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.09x

Higher debt load relative to assets than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.12x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

58th percentile

8.3%

Higher net margin than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

57th percentile

7.4%

Faster asset growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

28%

Faster revenue growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$2,132,706

Up $146,659 (+7.4%) from 2022

Net Assets

Up

$1,947,684

Up $171,544 (+9.7%) from 2022

Liabilities

Down

$185,022

Down $24,885 (-12%) from 2022

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin58th percentile

Revenue

Up

$1,523,945

Up $331,461 (+28%) from 2022

Expenses

Up

$1,397,371

Up $236,423 (+20%) from 2022

Net Income

Up

$126,574

Up $95,038 (+301%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $987,475Liabilities 2010: $25,240Net Assets 2010: $962,2352010Assets 2011: $1,229,519Liabilities 2011: $45,116Net Assets 2011: $1,184,4032011Assets 2012: $1,305,428Liabilities 2012: $41,362Net Assets 2012: $1,264,0662012Assets 2013: $1,533,791Liabilities 2013: $55,485Net Assets 2013: $1,478,3062013Assets 2014: $1,672,050Liabilities 2014: $41,592Net Assets 2014: $1,630,4582014Assets 2015: $1,732,818Liabilities 2015: $44,838Net Assets 2015: $1,687,9802015Assets 2016: $1,943,687Liabilities 2016: $56,141Net Assets 2016: $1,887,5462016Assets 2017: $1,913,133Liabilities 2017: $50,920Net Assets 2017: $1,862,2132017Assets 2018: $1,736,510Liabilities 2018: $50,019Net Assets 2018: $1,686,4912018Assets 2019: $1,749,504Liabilities 2019: $67,730Net Assets 2019: $1,681,7742019Assets 2020: $1,752,998Liabilities 2020: $61,843Net Assets 2020: $1,691,1552020Assets 2021: $1,833,343Liabilities 2021: $57,805Net Assets 2021: $1,775,5382021Assets 2022: $1,986,047Liabilities 2022: $209,907Net Assets 2022: $1,776,1402022Assets 2023: $2,132,706Liabilities 2023: $185,022Net Assets 2023: $1,947,6842023Assets 2024: $1,938,199Liabilities 2024: $158,304Net Assets 2024: $1,779,8952024

Highlighted filing

2023

Assets$2,132,706
Liabilities$185,022
Net Assets$1,947,684
Open 2023 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $787,9682010Expenses 2011: $845,0832011Expenses 2012: $840,8762012Revenue 2013: $1,042,526Expenses 2013: $879,127Net Income 2013: $163,3992013Revenue 2014: $1,178,036Expenses 2014: $1,018,984Net Income 2014: $159,0522014Revenue 2015: $1,136,476Expenses 2015: $1,074,721Net Income 2015: $61,7552015Revenue 2016: $1,256,615Expenses 2016: $1,079,824Net Income 2016: $176,7912016Revenue 2017: $1,143,639Expenses 2017: $1,175,460Net Income 2017: -$31,8212017Revenue 2018: $1,096,025Expenses 2018: $1,112,341Net Income 2018: -$16,3162018Revenue 2019: $1,123,886Expenses 2019: $1,135,090Net Income 2019: -$11,2042019Revenue 2020: $993,144Expenses 2020: $1,003,809Net Income 2020: -$10,6652020Revenue 2021: $1,060,155Expenses 2021: $1,008,301Net Income 2021: $51,8542021Revenue 2022: $1,192,484Expenses 2022: $1,160,948Net Income 2022: $31,5362022Revenue 2023: $1,523,945Expenses 2023: $1,397,371Net Income 2023: $126,5742023Revenue 2024: $1,329,837Expenses 2024: $1,411,821Net Income 2024: -$81,9842024

Highlighted filing

2023

Revenue$1,523,945
Expenses$1,397,371
Net Income$126,574
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Dec 19, 2024
Return Version
2023v6.0
Gross Receipts
$1,509,925
Mission and Program Overview

Mission

Broadcasting religious, educational, agricultural and informational programs for listener's benefit.

Broadcasting religous, educational and agricultural programs for listener's benefit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$742,083$792,172▲ $50,089
Cash and Non-Interest-Bearing Accounts$281,563$468,312▲ $186,749
Savings and Temporary Cash Investments$286,395$181,492▼ $104,903
Investments in Publicly Traded Securities$182,460$178,884▼ $3,576
Accounts Receivable$55,354$42,415▼ $12,939
Prepaid Expenses and Deferred Charges$10,236$22,248▲ $12,012
Total Assets$1,986,047$2,132,706▲ $146,659
Other Assets Total$427,956$447,183▲ $19,227
Liabilities
Other Liabilities$150,390$117,770▼ $32,620
Accounts Payable and Accrued Expenses$43,420$57,163▲ $13,743
Deferred Revenue$16,097$10,089▼ $6,008
Total Liabilities$209,907$185,022▼ $24,885
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,742,028$1,913,789▲ $171,761
Net Assets With Donor Restrictions$34,112$33,895▼ $217
Total Net Assets Fund Balance$1,776,140$1,947,684▲ $171,544
Total Liabilities and Net Assets / Fund Balance$1,986,047$2,132,706▲ $146,659

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$502,945$1,655,568$2,158,513
Buildings$218,675$364,706$583,381
Land$69,375-$69,375
Leasehold Improvements$1,177$10,941$12,118
Other Assets Org$106,983--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Michael CornellExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$678,564
Program Service Revenue
$424,339
Investment Income
$44,223
Other Revenue
$332,758
All Other Contributions
$42,255
Change in Net Assets
$169,424

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,479,884
Revenue Not Reported on Form 990
$44,061
Total Revenue per Audited Statements
$1,523,945
Total Revenue per Form 990
$1,479,884
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$688,584
Other Expenses$621,876
Total Fundraising Expense$18,885
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$420,111$133,559$12,091$565,761
All Other Expenses$84,587$38,670$1,434$124,691
Depreciation Depletion$38,928$58,391-$97,319
Other Employee Benefits$58,361$19,269$1,680$79,310
Payroll Taxes$32,314$10,269$930$43,513
Insurance$34,873$6,505$587$41,965
Other Expenses$19,156$19,046$1,735$38,202
Total Functional Expenses$987,313$304,262$18,885$1,310,460

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,354,521
Expenses per Audited Statements$1,310,460
Total Expenses per Form 990$1,310,460
Expenses Not Reported on Form 990$44,061
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Payable$117,770
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The board reviews the 990 prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The board reviews all potential conflicts of interest.”

Form 990, Page 6, Part VI, Line 15A

“The board reviews compensation to officers.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Wrvm Inc
EIN
39-1102434
Phone
9208422900
Address
PO BOX 212, SURING, WI 54174-0212

Signing Officer

Name
Michael Cornell
Title
Executive Director
Phone
9208422900
Signed
2024-12-19

Organization Details

Principal Officer
Michael Cornell
Formed
1967
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
10
Employees
12

Preparer

Firm
Lauterbach & Amen Llp
Address
668 N RIVER RD, NAPERVILLE, IL 60563
Preparer
Ronald J Amen CPA
Phone
6304166900
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“Amended return to reflect audited financial statements.”

FORM 990 - ORGANIZATION'S MISSION

“The purposes of the corporation shall be: a. To propagate the gospel of the lord jesus christ by any legitimate means; and b. To conduct, operate and carry on radio broadcasting operations and stations, and incidental and related business in connection therewith, for educational, culture, religious, and other non-profit objects and purposes.”

Form 990, Part XI, Line 9

“Tower rental 30,041 tower rental -30,041”

Financial Statement Notes

Schedule D, Page 3, Part X

“Wrvm, inc. Is exempt from income tax under section 501c3 of the internal revenue code. Gifts, grants and bequests are deductible by donors within limitations of the internal revenue code. The organization evaluates its tax positions based on whether or not the position is more likely than not to be sustained upon examination by taxing authorities. This evaluation includes monitoring changes in tax law and new authoritative rulings for potential implications to its tax status and positions. The organizations federal income tax returns are subject to examination generally for three years after they are filed and its state income tax returns generally for four yearas after they are filed.”

Schedule D, Page 4, Part XI, Line 2D

“TOWER RENTAL 30,041”

Schedule D, Page 4, Part XII, Line 2D

“TOWER RENTAL 30,041”

Raw XML Appendix378 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/DonatedServicesUseFcltsAmt014020
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt069375
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01177
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010941
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012118
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0340200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1106983
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BROADCAST LICENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ASSETS HELD FOR SALE
IRS990ScheduleD/OtherExpensesIncludedAmt030041
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0117770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE PAYABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WRVM, INC. IS EXEMPT FROM INCOME TAX UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE. GIFTS, GRANTS AND BEQUESTS ARE DEDUCTIBLE BY DONORS WITHIN LIMITATIONS OF THE INTERNAL REVENUE CODE. THE ORGANIZATION EVALUATES ITS TAX POSITIONS BASED ON WHETHER OR NOT THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THIS EVALUATION INCLUDES MONITORING CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS FOR POTENTIAL IMPLICATIONS TO ITS TAX STATUS AND POSITIONS. THE ORGANIZATIONS FEDERAL INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THEY ARE FILED AND ITS STATE INCOME TAX RETURNS GENERALLY FOR FOUR YEARAS AFTER THEY ARE FILED.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TOWER RENTAL 30,041
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMENDED RETURN TO REFLECT AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PURPOSES OF THE CORPORATION SHALL BE: A. TO PROPAGATE THE GOSPEL OF THE LORD JESUS CHRIST BY ANY LEGITIMATE MEANS; AND B. TO CONDUCT, OPERATE AND CARRY ON RADIO BROADCASTING OPERATIONS AND STATIONS, AND INCIDENTAL AND RELATED BUSINESS IN CONNECTION THEREWITH, FOR EDUCATIONAL, CULTURE, RELIGIOUS, AND OTHER NON-PROFIT OBJECTS AND PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS ALL POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS COMPENSATION TO OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0987313
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IRS990/WebsiteAddressTxt0WWW.WRVM.ORG
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL CORNELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09208422900
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WRVM INC
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ReturnHeader/Filer/EIN0391102434
ReturnHeader/Filer/PhoneNum09208422900
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ReturnHeader/Filer/USAddress/CityNm0SURING
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAUTERBACH & AMEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0668 N RIVER RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NAPERVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060563
ReturnHeader/PreparerPersonGrp/PhoneNum06304166900
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD J AMEN CPA
ReturnHeader/ReturnTs02025-03-03T14:37:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,132,706
Liabilities
$185,022
Net assets
$1,947,684
Revenue
$1,523,945
Expenses
$1,397,371
Net income
$126,574
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.94$0.16$1.78$1.33$1.41$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.13$0.19$1.95$1.52$1.40$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.21$1.78$1.19$1.16$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.06$1.78$1.06$1.01$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$0.06$1.69$0.99$1.00$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$0.07$1.68$1.12$1.14$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.74$0.05$1.69$1.10$1.11$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.05$1.86$1.14$1.18$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.94$0.06$1.89$1.26$1.08$0.18
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.04$1.69$1.14$1.07$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.67$0.04$1.63$1.18$1.02$0.16
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.53$0.06$1.48$1.04$0.88$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.04$1.26$0.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.05$1.18$0.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.03$0.96$0.79