SEEKONK CABLE ACCESS INC (EIN 042951972) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

ANDREA ROSSETER

Phone

5083366770

Tax Period

2023-11-01 to 2024-10-31

SEEKONK CABLE ACCESS INC, founded in 1986, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $83K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $250K exceeded revenue, resulting in a 201% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE THE TRAINING AND PRODUCTION FACILITY FOR THE GENERAL PUCLIC TO HAVE THE ABILITY TO FREELY EXPRESS AND SHARE UNIQUE IDEAS VIA ORIGINAL TELEVISION PROGRAMMING WITH THE SEEKONK COMMUNITY.

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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 $0

Investment Income $84,263

Other Revenue $-1,335

TOTAL REVENUE $82,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,568

Fundraising Expenses $0

Program Expenses $223,142

Other Expenses $116,246

TOTAL EXPENSES $249,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,928	$289,293	-0.7%
Expenses	$249,814	$216,335	+0.2%
Net Income	$-166,886	$72,958	-3.3%

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

N/A

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
ANDREA ROSSETER	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL DRESSLER	TREASURER	2.00	Officer Director	$0	$0	$0
DOREEN TAYLOR	SECRETARY	2.00	Officer Director	$0	$0	$0
LORI SAUDE	VICE PRESIDENT	2.00	Director	$0	$0	$0
DAVID VIERA	DIRECTOR	2.00	Director	$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	$82,928	$249,814	$1,094,172	$-166,886
2023	$289,293	$216,335	$1,243,061	$72,958
2022	$309,238	$204,561	$1,184,162	$104,677
2021	$305,506	$208,717	$1,064,076	$96,789
2020	$241,165	$219,519	$967,287	$21,646
2019	$313,686	$253,076	$945,641	$60,610
2018	$322,547	$368,112	$885,031	$-45,565

SEEKONK CABLE ACCESS INC