NORFOLK CABLE CORPORATION

EIN: 042967716 501(c)(3)

Norfolk, MA

Total Revenue
$218,778
Total Expenses
$192,616
Total Assets
$558,185
Net Assets
$461,122
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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
MA
Principal Officer
Reynolds Lee
Phone
5085202780
Tax Period
2024-01-01 to 2024-12-31

NORFOLK CABLE CORPORATION, founded in 1986, is a small nonprofit that reported $219K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $193K left a modest 12% surplus.

Mission

LOCAL EDUCATIONAL, CULTURAL AND INFORMATIVE ACCESS CABLE PROGRAMMING FOR THE BENEFIT OF THE ENTIRE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $146,691 Revenue: $205,079

LOCAL EDUCATIONAL, CULTURAL AND INFORMATIVE ACCESS CABLE PROGRAMMING FOR THE BENEFIT OF THE ENTIRE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $203,513
Investment Income $12,699
Other Revenue $1,566
TOTAL REVENUE $218,778

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,364
Fundraising Expenses $0
Program Expenses $146,691
Other Expenses $92,252
TOTAL EXPENSES $192,616

Year-over-Year Comparison

2024 2023 Change
Revenue $218,778 $245,761 -0.1%
Expenses $192,616 $182,004 +0.1%
Net Income $26,162 $63,757 -0.6%
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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Governance

Voting Members
6
Independent Members
6
Employees
4
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
3
$3,000
Total Directors
6
$3,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Reynolds Lee President 5.00
Officer Director
$0 $0 $0
Daniel Beef Mazzola Treasurer & Asst Clerk 5.00
Officer Director
$3,000 $0 $3,000
Al Bozza Member at Large 2.00
Director
$0 $0 $0
Jill Lawrence Vice President 2.00
Officer Director
$0 $0 $0
Pamela Russell Other Officer 2.00
Director
$0 $0 $0
Megan Corbett Other Officer 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 $218,778 $192,616 $558,185 $26,162
2023 $245,761 $182,004 $561,020 $63,757
2022 $221,502 $218,988 $523,206 $2,514
2021 $235,737 $222,800 $368,429 $12,937
2020 $223,299 $231,068 $380,892 $-7,769
2019 $234,814 $244,715 $363,261 $-9,901
2018 $237,215 $233,594 $373,162 $3,621
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