LOCAL TV INC (EIN 112669935) - 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

1980

Legal Domicile

Principal Officer

BRIAN HOFF

Phone

6315372777

Tax Period

2024-01-01 to 2024-12-31

LOCAL TV INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE PUBLIC ACCESS TELEVISION.

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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 $988,607

Program Service Revenue $176,087

Investment Income $2,984

Other Revenue $224,701

TOTAL REVENUE $1,392,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $894,042

Fundraising Expenses $0

Program Expenses $1,191,721

Other Expenses $546,660

TOTAL EXPENSES $1,440,702

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,392,379	$1,233,628	+0.1%
Expenses	$1,440,702	$1,213,713	+0.2%
Net Income	$-48,323	$19,915	-3.4%

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

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
MICHAEL CLARK	EXECUTIVE DIRECTOR	40.00		$114,515	$5,060	$119,575
DIANA WEIR	Director	1.00	Director	$0	$0	$0
JON OLKEN	Chairman	2.00	Officer Director	$0	$0	$0
JP FOSTER	Secretary	1.00	Officer Director	$0	$0	$0
BRIAN HOFF	TREASURER	1.00	Officer Director	$0	$0	$0
KATHY GIAMO	Director	1.00	Director	$0	$0	$0
SUZANNE COOK	Director	1.00	Director	$0	$0	$0
LEW SHERWOOD	Vice Chair	1.00	Officer Director	$0	$0	$0
LYNN SCANLON	Director	1.00	Director	$0	$0	$0
MARGARET TURNER	Director	1.00	Director	$0	$0	$0
MINERVA PEREZ	Director	1.00	Director	$0	$0	$0
JERRY KENNEL	Director	1.00	Director	$0	$0	$0
THOMAS CROUCH	Director	1.00	Director	$0	$0	$0
CHRISTINA DESANTI	Director	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
2024	$1,392,379	$1,440,702	$1,130,527	$-48,323
2023	$1,233,628	$1,213,713	$1,214,556	$19,915
2022	$1,102,875	$913,733	$1,161,109	$189,142
2021	$908,591	$756,007	$949,781	$152,584
2020	$1,024,068	$960,603	$792,181	$63,465
2019	$831,831	$850,465	$741,451	$-18,634
2018	$774,628	$803,924	$767,912	$-29,296

LOCAL TV INC