TELEVISION MUSIC LICENSE COMMITTEE LLC

EIN: 133212090

NEW YORK, NY

Total Revenue
$5,291,800
Total Expenses
$2,357,001
Total Assets
$27,458,981
Net Assets
$27,118,247
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
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 PRIMARY EXEMPT PURPOSE OF THE TELEVISION MUSIC LICENSE COMMITTEE, LLC IS TO REPRESENT MUTUAL INTERESTS OF UNITED STATES LOCAL, FULL POWER TELEVISION STATIONS TO PROCURE MUSIC PERFORMANCE COPYRIGHT LICENSES FROM THE PERFORMING RIGHTS ORGANIZATIONS REPRESENTING TELEVISION COMPOSERS AND PUBLISHERS. TO ACHIEVE THIS OBJECTIVE THE ORGANIZATION SOLICITS CONTRIBUTIONS FROM TELEVISION STATIONS AND CONDUCTS NEGOTIATIONS INCLUDING ANY INDUSTRY-WIDE LITIGATION.

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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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
19
Employees
2
Volunteers
23

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
6
$440,506
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
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
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