NORFOLK CABLE CORPORATION (EIN 042967716) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

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. Org not required to file Schedule B

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$3,000

Total Directors

$3,000

Key Employees

Highest Compensated

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

NORFOLK CABLE CORPORATION