READING COMMUNITY TELEVISION INC

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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

1998

Legal Domicile

Principal Officer

KATHI CROOK

Phone

7819448888

Tax Period

2024-07-01 to 2025-06-30

READING COMMUNITY TELEVISION INC, founded in 1998, is a small nonprofit in the Education sector that reported $368K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $631K exceeded revenue, resulting in a 71% operating deficit.

Mission

TO PROVIDE ACCESS TO PUBLIC CABLE TELEVISION, AIDING IN EDUCATION, ARTS AND PERSONAL FREEDOM, FOR PUBLIC USE OF EQUIPMENT AND STUDIO; TO AIR TELEVISION PROGRAMMING, TO PRODUCE NON-COMMERCIAL COMMUNITY PROGRAMMING FOR THE RESIDENTS AND ORGANIZATIONS OF READING, MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $534,554 Revenue: $524,955

TO PROVIDE ACCESS TO PUBLIC CABLE TELEVISION, AIDING IN EDUCATION, ARTS AND PERSONAL FREEDOM, FOR PUBLIC USE OF EQUIPMENT AND STUDIO; TO AIR TELEVISION PROGRAMMING, TO PRODUCE NON-COMMERCIAL...

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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 $4,289

Program Service Revenue $524,955

Investment Income $-160,838

Other Revenue $0

TOTAL REVENUE $368,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $449,876

Fundraising Expenses $0

Program Expenses $534,554

Other Expenses $180,716

TOTAL EXPENSES $630,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$368,406	$551,678	-0.3%
Expenses	$630,592	$673,590	-0.1%
Net Income	$-262,186	$-121,912	+1.2%

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

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
KATHI CROOK	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT SULLIVAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB BECKMAN	TREASURER	1.00	Officer Director	$0	$0	$0
RICHIE VECCHIONE	CLERK	1.00	Officer Director	$0	$0	$0
STEVE CROOK	AT-LARGE	1.00	Director	$0	$0	$0
JOHN MCALEER	AT-LARGE	1.00	Director	$0	$0	$0
SARAH MCLAUGHLIN	AT-LARGE	1.00	Director	$0	$0	$0
RON POWELL	AT-LARGE	1.00	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
2025	$368,406	$630,592	$409,525	$-262,186
2024	No data	No data	No data	No data
2023	$655,329	$699,254	$901,205	$-43,925
2022	$650,420	$687,849	$807,657	$-37,429
2021	$664,403	$644,464	$839,434	$19,939
2020	$672,022	$660,217	$818,704	$11,805
2018	$590,712	$710,751	$781,713	$-120,039