02 Jun 2011
Public Radio Capital’s CFO/COO Receives CFO of the Year Award
Denver Business Journal’s CFO of the Year in the Small Companies category
Boulder, Colo. – Erin Moran, Public Radio Capital’s chief financial officer since 2002, has been named CFO of the Year in the Small Companies category for the Denver Business Journal’s CFO of the Year award.
As Public Radio Capital’s chief financial officer and chief operating officer, Moran has primary responsibility for overseeing Public Radio Capital’s financial affairs, human resources administration, participating in board meetings and overall operations of the organization. In addition, she oversees the Public Radio Fund—the only lending source in the country dedicated to financing public radio’s future assets. The Fund has more than $10 million in initial investment commitments and provides affordable short-term capital for projects that strengthen and expand public media.
Established in 2007, the Public Radio Fund provides low-cost financing to public radio stations and organizations throughout the country. Moran, along with PRC staff, is responsible for underwriting the loans, analyzing the loan collateral and supervising due diligence review and documentation. The Fund’s loans have served as the primary financing for media outlets thereby enhancing the borrower’s capital campaign and fundraising efforts and providing seed investments necessary to leverage other efforts. In 2010 and 2011, Moran directed the lending of $4.3M for the following public media projects: KOCE, Radio Bilingue, WFCR, KUVO/Denver Educational Broadcasting and more.
"I have been fortunate to work with Erin for more than nine years on a variety of financing projects and her leadership, insights and creativity have been invaluable to Public Radio Capital," said Fred Marienthal, partner at Kutak Rock LLP. "As with many nonprofits, her duties don't stop with the financial obligations of the organization and she works tirelessly to help strengthen and expand public media nationwide with in-depth information, unbiased news, diverse music and cultural programming."
Prior to joining Public Radio Capital, Moran held various management roles at Key Equipment Finance (KEF), including vice president of Global Integrations in Superior, Colorado and in Europe as the European Finance and MIS director, where she directed the finance functions in ten countries, including budgeting, forecasting, reporting, regulatory and statutory audits. . She worked for KEF’s predecessor, Leasetec Corporation, as Director of Internal Audit, Tax and Investment Programs. Moran started her career at Arthur Anderson & Co. in the Chicago area. She is a licensed CPA (inactive) in Colorado, a member of the AICPA and an adjunct instructor at Leeds Business School at the University of Colorado.
“We are very proud of what Public Radio Capital has accomplished over the past decade and most of that time, Erin has been a key member of the management team,” said Susan Harmon, co-managing director of PRC. “We are thrilled that she won this award and most importantly that she contributes every day to the advancement of public radio through her work at PRC.”
About Public Radio Capital
Public Radio Capital’s mission is to strengthen and expand noncommercial media to provide local communities nationwide with more in-depth information, unbiased news, diverse music and cultural programming. Since its founding in 2001, PRC has completed transactions totaling more than $260 million and secured access to public radio services for more approximately 56 million people nationwide. PRC has worked with more than 200 public radio stations ranging from first time station owners to the largest, multi-channel public radio operators in the country, helping them to buy and finance new channels, to preserve existing public radio outlets, and to strengthen their organizations and services. More information about PRC and the Public Radio Fund is available at publicradiocapital.org.