WEYMOUTH EDUCATIONAL TELECOMMUNICATIONS CORP INC (EIN 043318911) - 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

1996

Legal Domicile

Principal Officer

JAMES DUFFY

Phone

7813313400

Tax Period

2023-07-01 to 2024-06-30

WEYMOUTH EDUCATIONAL TELECOMMUNICATIONS CORP INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $858K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

THE CORPORATION'S PRIMARY EXEMPT PURPOSE IS OPERATING EDUCATIONAL PROGRAMS, TELEVISION PROGRAMMING, AND TELEVISION FACILITIES THAT WILL PROVIDE THE RESIDENTS AND STUDENTS OF THE TOWN OF WEYMOUTH, MA WITH TRAINING IN THE USE OF SUCH TELEVISION FACILITIES AND EDUCATIONAL CHANNELS IN CONNECTION WITH THE CABLE SYSTEM SERVING THE TOWN. EFFECTIVE JAN. 1, 2005, THE CORPORATION EXPANDED THEIR OPERATION TO INCLUDE OPERATION OF PUBLIC ACCESS AND GOVERNMENT ACCESS CHANNELS.

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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 $835,512

Program Service Revenue $0

Investment Income $22,901

Other Revenue $0

TOTAL REVENUE $858,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $429,320

Fundraising Expenses $0

Program Expenses $804,271

Other Expenses $411,487

TOTAL EXPENSES $840,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$858,413	$955,953	-0.1%
Expenses	$840,807	$876,965	0.0%
Net Income	$17,606	$78,988	-0.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS CASTRO	DIRECTOR	N/A	Director	$0	$0	$0
RUSS DRYSDALE	DIRECTOR	N/A	Director	$0	$0	$0
JAMES DUFFY	TREASURER	N/A	Officer Director	$0	$0	$0
GLENN HEATH	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHRISTOPHER POTTER	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$858,413	$840,807	$1,476,766	$17,606
2023	$955,953	$876,965	$1,477,173	$78,988
2022	$720,178	$745,153	$1,249,802	$-24,975
2021	$738,592	$832,609	$1,332,893	$-94,017
2020	$963,736	$807,826	$1,421,311	$155,910
2019	$1,020,514	$825,933	$1,454,499	$194,581

WEYMOUTH EDUCATIONAL TELECOMMUNICATIONS CORP INC