HAVERHILL COMMUNITY TELEVISION CORP

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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

1988

Legal Domicile

Principal Officer

PAM CARR

Phone

9783728070

Tax Period

2024-04-01 to 2025-03-31

HAVERHILL COMMUNITY TELEVISION CORP, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $861K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $2.7M represent 38 months of operating reserves.

Mission

TO PROMOTE AND SPONSOR PUBLIC ACCESS TELEVISION IN HAVERHILL. OUR PURPOSE IS TO PROVIDE HAVERHILL RESIDENTS AND HAVERHILL BASED NON-PROFIT INSTITUTIONS ACCESS TO THE POWERFUL MEDIUM OF TELEVISION.

Program Service Accomplishments

Program 1

Expenses: $588,909 Revenue: $782,363

PROVIDES THE CITY OF HAVERHILL WITH NEWS, EDUCATION, INFORMATIONAL AND ENTERTAINMENT PROGRAMS VIA DEDICATED CABLE TV CHANNELS, THE ORGANIZATION ALSO PROVIDES PRODUCTION INSTRUCTIONS AND ASSISTANCE.

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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 $11,750

Program Service Revenue $780,013

Investment Income $34,716

Other Revenue $34,474

TOTAL REVENUE $860,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $450,954

Fundraising Expenses $0

Program Expenses $588,909

Other Expenses $387,906

TOTAL EXPENSES $838,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$860,953	$914,557	-0.1%
Expenses	$838,860	$880,231	0.0%
Net Income	$22,093	$34,326	-0.4%

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

$88,706

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GLOSNER	DIRECTOR	1.00	Director	$0	$0	$0
PAM CARR	TREASURER	1.00	Officer Director	$0	$0	$0
SARAH MOSER	INTERIM PRESIDENT	1.00	Officer Director	$0	$0	$0
ALLISON HEARTQUIST	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MALONE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KIM LYNG	DIRECTOR	1.00	Director	$0	$0	$0
BILL GOULD	DIRECTOR	1.00	Director	$0	$0	$0
ERIC LAFLEUR	DIRECTOR	1.00	Director	$0	$0	$0
NATE ROBERTSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
DOUG RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
KEN PAQUETTE	DIRECTOR	1.00	Director	$0	$0	$0
MATT BELFIORE	EXECUTIVE DIRECTOR	40.00	Director	$88,706	$0	$88,706

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
2025	$860,953	$838,860	$3,483,823	$22,093
2024	$914,557	$880,231	$3,517,833	$34,326
2023	$921,024	$932,186	$3,515,555	$-11,162
2022	$909,985	$911,151	$3,569,495	$-1,166
2021	$996,116	$829,499	$3,618,521	$166,617
2020	$910,087	$893,102	$3,491,875	$16,985
2019	$938,161	$999,711	$3,520,765	$-61,550