MANHATTAN COMMUNITY ACCESS CORPORA… - 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

1991

Legal Domicile

Principal Officer

DANIEL COUGHLIN

Phone

2127572670

Tax Period

2023-01-01 to 2023-12-31

MANHATTAN COMMUNITY ACCESS CORPORATION, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.0M in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $9.2M exceeded revenue, resulting in a 52% operating deficit.

Mission

MANHATTAN NEIGHBORHOOD NETWORK ("MNN") IS A MEDIA LEARNING, PRODUCTION, AND DISTRIBUTION HUB THAT PROMOTES CREATIVE EXPRESSION, INDEPENDENT VOICES AND COMMUNITY ENGAGEMENT. OUR VISION IS TO EMPOWER LOCAL VOICES AND DIVERSE VIEWS. MNN ADMINISTERS FOUR PUBLIC ACCESS CABLE CHANNELS ON THE SPECTRUM/CHARTER, VERIZON AND RCN CABLE SYSTEMS IN MANHATTAN WITH PROGRAMMING REACHING OVER A HALF MILLION HOUSEHOLDS AND IS ALSO STREAMING LIVE ON THE INTERNET. MNN PROVIDES EQUITABLE OPEN AND UNCENSORED ACCESS TO OUR CABLE CHANNELS. MNN PROVIDES THE MANHATTAN COMMUNITY WITH TRAINING AND ACCESS TO PRODUCTION TOOLS INCLUDING STUDIO, LOCATION, AND PORT.

Program Service Accomplishments

Program 1

Expenses: $6,900,813 Revenue: $27,656

MANHATTAN NEIGHBORHOOD NETWORK IS A MEDIA LEARNING, PRODUCTION, AND DISTRIBUTION HUB THAT PROMOTES CREATIVE EXPRESSION, INDEPENDENT VOICES AND COMMUNITY ENGAGEMENT. OUR VISION IS TO EMPOWER LOCAL...

MANHATTAN NEIGHBORHOOD NETWORK IS A MEDIA LEARNING, PRODUCTION, AND DISTRIBUTION HUB THAT PROMOTES CREATIVE EXPRESSION, INDEPENDENT VOICES AND COMMUNITY ENGAGEMENT. OUR VISION IS TO EMPOWER LOCAL VOICES AND DIVERSE VIEWS. MNN OPERATES THE COMMUNITY CABLE ACCESS CHANNELS FOR THE BOROUGH OF MANHATTAN.

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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 $5,879,660

Program Service Revenue $27,656

Investment Income $128,917

Other Revenue $0

TOTAL REVENUE $6,036,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,388,742

Fundraising Expenses $279,312

Program Expenses $6,900,813

Other Expenses $4,769,158

TOTAL EXPENSES $9,157,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,036,233	$21,059,093	-0.7%
Expenses	$9,157,900	$8,843,437	+0.0%
Net Income	$-3,121,667	$12,215,656	-1.3%

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

$507,557

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMIAN BENDERS	CHAIR	3.00	Officer Director	$0	$0	$0
KAVERY KAUL	TREASURER	3.00	Officer Director	$0	$0	$0
CHEY BLAKE	SECRETARY	3.00	Officer Director	$0	$0	$0
PETER FRANK	DIRECTOR	3.00	Director	$0	$0	$0
JIM FENHAGEN	VICE CHAIR	3.00	Officer Director	$0	$0	$0
TERRY LAWLER	DIRECTOR	3.00	Director	$0	$0	$0
EDDIE SILVERIO	DIRECTOR	3.00	Director	$0	$0	$0
CYNTHIA LOPEZ	DIRECTOR	3.00	Director	$0	$0	$0
RACHEL CHANOFF	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN MARGOLIN	DIRECTOR	3.00	Director	$0	$0	$0
CHERYL WILLIAMS	DIRECTOR	3.00	Director	$0	$0	$0
ALAINA GILLIGO	DIRECTOR	3.00	Director	$0	$0	$0
DANIEL COUGHLIN	PRESIDENT AND CEO	40.00	Officer	$448,664	$58,893	$507,557
ZENAIDA MENDEZ	DIR. MNN EL BARRIO FIREHOUSE	40.00	Highest	$221,686	$9,691	$231,377
GREG SUTTON	MANAGING DIR. OF ACCESS SERVICES	40.00	Highest	$225,570	$105	$225,675
SEAMUS RODRIGUEZ	DIRECTOR OF TECH. OPERATIONS	40.00	Highest	$158,250	$10,505	$168,755

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	$6,036,233	$9,157,900	$54,060,794	$-3,121,667
2022	$21,059,093	$8,843,437	$56,616,342	$12,215,656
2021	$8,423,391	$6,739,160	$36,696,255	$1,684,231
2020	$8,650,446	$7,627,248	$30,646,761	$1,023,198
2019	$9,322,050	$9,056,507	$28,379,948	$265,543
2018	$10,084,036	$10,954,517	$27,358,242	$-870,481

MANHATTAN COMMUNITY ACCESS CORPORATION