NEEDHAM COMMUNITY TELEVISION DEVEL… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

PETER HESS

Phone

7814496964

Tax Period

2023-01-01 to 2023-12-31

NEEDHAM COMMUNITY TELEVISION DEVELOPMENT CORPORATION, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $805K in total revenue in fiscal year 2023. Expenses of $760K left a modest 6% surplus.

Mission

THE ORGANIZATION PROVIDES PUBLIC, EDUCATIONAL AND GOVERNMENTAL PROGRAMMING THROUGH THE NEEDHAM CHANNEL FOR CABLE TELEVISION SUBSCRIBERS IN THE TOWN OF NEEDHAM, MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $606,576 Revenue: $608,174

PRODUCTION OF COMMUNITY NEWS AND EVENTS ON LOCAL CABLE TV

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $608,174

Investment Income $197,011

Other Revenue $0

TOTAL REVENUE $805,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,441

Fundraising Expenses $0

Program Expenses $606,576

Other Expenses $230,580

TOTAL EXPENSES $760,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$805,185	N/A	N/A
Expenses	$760,021	N/A	N/A
Net Income	$45,164	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FRAINI	DIRECTOR	0.10	Director	$0	$0	$0
DANIEL SCHWARTZ	DIRECTOR	0.10	Director	$0	$0	$0
JONATHAN D TAMKIN	DIRECTOR	0.10	Director	$0	$0	$0
ARNOLD GOLDSTEIN	DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM DERMODY	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL GREIS	PRESIDENT	4.00	Officer	$0	$0	$0
THOMAS LOUGHRAN	VICE PRESIDENT	0.10	Officer	$0	$0	$0
PETER HESS	TREASURER	2.00	Officer	$0	$0	$0
RICHARD DOLLASE	CLERK	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$805,185	$760,021	$5,429,159	$45,164
2022	$718,927	$704,401	$5,151,371	$14,526
2021	$1,035,508	$668,548	$5,788,769	$366,960
2020	$794,206	$675,006	$5,259,373	$119,200
2019	$951,010	$626,312	$4,802,270	$324,698
2018	$848,288	$630,204	$4,214,405	$218,084

NEEDHAM COMMUNITY TELEVISION DEVELOPMENT CORPORATION