TELEVISION MUSIC LICENSE COMMITTEE… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

JANET MCHUGH

Phone

2123089040

Tax Period

2023-01-01 to 2023-12-31

TELEVISION MUSIC LICENSE COMMITTEE LLC, founded in 2008, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023. Revenue surged 158% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 55% operating margin.

Mission

THE TELEVISION MUSIC LICENSE COMMITTEE REPRESENTS FULL POWER COMMERCIAL LOCAL TELEVISION STATIONS IN THE UNITED STATES IN THEIR NEGOTIATIONS FOR INDUSTRY-WIDE MUSIC PERFORMANCE RIGHTS.

Program Service Accomplishments

Program 1

Expenses: $1,565,925

THE COMMITTEE NEGOTIATES ON BEHALF OF THE LOCAL TELEVISION BROADCAST INDUSTRY FOR MUSIC PERFORMANCE LICENSES WITH ASCAP, BMI, AND SESAC.

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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 $4,697,421

Program Service Revenue $0

Investment Income $594,379

Other Revenue $0

TOTAL REVENUE $5,291,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500,923

Fundraising Expenses $0

Program Expenses $1,565,925

Other Expenses $1,856,078

TOTAL EXPENSES $2,357,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,291,800	$2,050,312	+1.6%
Expenses	$2,357,001	$1,846,252	+0.3%
Net Income	$2,934,799	$204,060	+13.4%

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

$440,506

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID AMY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES MACDERMOTT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
LEONA MCCARTHY	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD GRAHAM	TREASURER	1.00	Officer Director	$0	$0	$0
RALPH BENDER	EXECUTIVE COMMITTEE MEMBER	1.00	Director	$0	$0	$0
SHAWN PACK	MEMBER	1.00	Director	$0	$0	$0
DORIS JONES	MEMBER	1.00	Director	$0	$0	$0
RANDY BRADFORD	MEMBER	1.00	Director	$0	$0	$0
RICHARD BURNS	MEMBER	1.00	Director	$0	$0	$0
BRAD SMITH	MEMBER	1.00	Director	$0	$0	$0
AMY PITTENGER	MEMBER	1.00	Director	$0	$0	$0
HEIDI SCHMID-WHITING	EXECUTIVE COMMITTEE MEMBER	1.00	Director	$0	$0	$0
ARYA TOWFIGHI	MEMBER	1.00	Director	$0	$0	$0
SCOTT BONILLA	MEMBER	1.00	Director	$0	$0	$0
PAUL YATES	EXECUTIVE COMMITTEE MEMBER	1.00	Director	$0	$0	$0
DAVE GILES	MEMBER	1.00	Director	$0	$0	$0
CHRIS REED	MEMBER	1.00	Director	$0	$0	$0
MARK ROBINSON	MEMBER	1.00	Director	$0	$0	$0
BRIAN ROOF	MEMBER	1.00	Director	$0	$0	$0
JANET MCHUGH	PRESIDENT AND CEO	40.00	Officer	$300,867	$15,633	$316,500
TEE PAWASITTICHOT	SENIOR DIRECTOR OF OPERATI	40.00	Officer	$124,006	$0	$124,006

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	No data	No data	No data	No data
2023	$5,291,800	$2,357,001	$27,458,981	$2,934,799
2022	$2,050,312	$1,846,252	$23,769,584	$204,060
2021	$5,905,109	$2,094,950	$24,760,743	$3,810,159
2020	$4,477,343	$3,521,318	$21,361,740	$956,025
2019	$6,251,987	$2,152,215	$19,581,329	$4,099,772
2018	$4,485,140	$1,895,082	$14,744,519	$2,590,058

TELEVISION MUSIC LICENSE COMMITTEE LLC