SALEM ACCESS TELEVISION CORPORATION

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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

1993

Legal Domicile

Principal Officer

PATRICK KENNEDY

Phone

9787409432

Tax Period

2023-10-01 to 2024-09-30

SALEM ACCESS TELEVISION CORPORATION, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $521K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $633K exceeded revenue, resulting in a 21% operating deficit.

Mission

SATV mission is to offer training equipment and support in the art oftelevison production to the people of Salem. The goal is to train the people of Salem to use the facility to develop their own TV programming.

Program Service Accomplishments

Program 1

Expenses: $534,638 Revenue: $3,315

A COMMUNITY ACCESS TELEVISION STATION BENEFITING 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $518,039

Program Service Revenue $1,220

Investment Income $8

Other Revenue $2,095

TOTAL REVENUE $521,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,696

Fundraising Expenses $0

Program Expenses $534,638

Other Expenses $244,191

TOTAL EXPENSES $632,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$521,362	$571,066	-0.1%
Expenses	$632,887	$606,504	+0.0%
Net Income	$-111,525	$-35,438	+2.1%

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ANGELA TURPIN	TREASURER/DIRECTOR	Officer Director	$0	$0	$0
KEN WEAVER	CHAIRPERSON/DIRECTOR	Officer Director	$0	$0	$0
WILLIAM LEGAULT	VICE CHAIRPERSON/DIRECTOR	Officer Director	$0	$0	$0
PAUL K BISSON	SECRETARY/DIRECTOR	Officer Director	$0	$0	$0
SALVATORE A RUSSO	DIRECTOR	Director	$0	$0	$0
LUKE ST GERMAINE	DIRECTOR	Director	$0	$0	$0
ANDRE DALEY	DIRECTOR	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	$521,362	$632,887	$1,029,420	$-111,525
2023	$571,066	$606,504	$560,173	$-35,438
2022	$594,101	$613,530	$564,673	$-19,429
2021	$584,119	$673,032	$583,568	$-88,913
2020	$617,176	$722,175	$672,467	$-104,999
2019	$646,798	$745,242	$798,357	$-98,444
2018	$680,929	$716,531	$933,418	$-35,602