WILMINGTON COMMUNITY TELEVISION INC (EIN 042969948) - 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

1987

Legal Domicile

Principal Officer

ROBERT HAMEL

Phone

9786574066

Tax Period

2024-01-01 to 2024-12-31

WILMINGTON COMMUNITY TELEVISION INC, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $587K in total revenue in fiscal year 2024. Expenses of $872K exceeded revenue, resulting in a 49% operating deficit.

Mission

WCTV PRODUCES CONTENT FOR A WILMINGTON AUDIENCE AND SEEKS OUT PRODUCERS FROM THE COMMUNITY BY BEING A WELCOMING PLACE FOR STUDENTS INTERESTED IN MULTIMEDIA PRODUCTION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $464,189

Program Service Revenue $117,064

Investment Income $5,384

Other Revenue $0

TOTAL REVENUE $586,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $429,014

Fundraising Expenses $12,184

Other Expenses $442,520

TOTAL EXPENSES $871,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$586,637	$594,155	0.0%
Expenses	$871,534	$609,549	+0.4%
Net Income	$-284,897	$-15,394	+17.5%

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

$84,740

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL PERKINS	EXECUTIVE DIRECTOR	040.00	Key Emp Highest	$84,740	$0	$84,740
MATTHEW MCMAKIN	OPERATIONS MANAGER	040.00	Highest	$74,692	$0	$74,692
MARIA ALIBERTI	DIRECTOR OF CONTENT ARTS DIRECTOR	040.00	Highest	$59,115	$0	$59,115
ELIJAH LI	LEAD PRODUCER	040.00	Highest	$57,058	$0	$57,058
LISA EGAN	COMMUNITY RELATIONS DIRECTOR	016.00	Highest	$23,233	$0	$23,233
ROBERT HAMEL	PRESIDENT	002.00	Director	$0	$0	$0
RACHELLE TOTH	SECRETARY	002.00		$0	$0	$0
AUSTIN STYFFE	TREASURER	002.00		$0	$0	$0
GEORGE MATOVU	PROGRAMING DIRECTOR	030.00		$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	$586,637	$871,534	$999,418	$-284,897
2023	$594,155	$609,549	$1,224,628	$-15,394
2022	$542,767	$533,620	$1,378,290	$9,147
2021	$594,647	$547,029	$998,169	$47,618
2020	$530,828	$568,479	$1,010,483	$-37,651
2019	$557,765	$645,075	$964,871	$-87,310
2018	$571,943	$665,069	$1,053,521	$-93,126

WILMINGTON COMMUNITY TELEVISION INC