FRAMINGHAM PUBLIC ACCESS CORPORATI… - 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

2006

Legal Domicile

Principal Officer

KATHY SULLIVAN

Phone

5088755434

Tax Period

2023-01-01 to 2023-12-31

FRAMINGHAM PUBLIC ACCESS CORPORATION, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $732K in total revenue in fiscal year 2023. Expenses of $701K left a modest 4% surplus.

Mission

TO FOSTER THE PRODUCTION, PROMOTION AND ACQUISITION OF COMMUNITY VIDEO PROGRAMMING IN FRAMINGHAM, MASSACHUSETTS BY SUPPORTING OPEN, DIVERSE, AND EQUITABLE ACCESS TO THE COMMUNITY, VIDEO PRODUCTION FACILITIES OF THE CORPORATION, ALLOCATING CHANNEL SPACE, TIME FOR CABLECAST PROGRAMMING, AND PROVIDING TRAINING TO FRAMINGHAM RESIDENTS AND ORGANIZATIONS IN THE USE OF ACCESS FACILITIES AND EQUIPMENT.

Program Service Accomplishments

Program 1

Expenses: $554,145 Revenue: $702,114

TO PROVIDE CABLE, VIDEO AND BROADBAND PROGRAMMING AND EDUCATION TO THE RESIDENTS, INSTITUTIONS AND ORGANIZATIONS OF FRAMINGHAM, MASSACHUSETTS ON PUBLIC ACCESS CHANNELS.

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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 $402

Program Service Revenue $702,114

Investment Income $29,343

Other Revenue $0

TOTAL REVENUE $731,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $419,445

Fundraising Expenses $0

Program Expenses $554,145

Other Expenses $281,111

TOTAL EXPENSES $700,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$731,859	$685,115	+0.1%
Expenses	$700,556	$576,764	+0.2%
Net Income	$31,303	$108,351	-0.7%

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

N/A

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
TERI BANERJEE	DIRECTOR	2.00	Director	$0	$0	$0
KIM COMATAS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL CUNNINGHAM	CLERK	3.00	Officer Director	$0	$0	$0
JESSLYN DUTRA	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY HAYES	DIRECTOR	2.00	Director	$0	$0	$0
DAN LAMPL	PRESIDENT	2.00	Officer Director	$0	$0	$0
AMBAR SARKAR	TREASURER	3.00	Officer Director	$0	$0	$0
KATHY SULLIVAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CYNTHIA VILLANUEVA	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$731,859	$700,556	$1,878,091	$31,303
2022	$685,115	$576,764	$1,789,490	$108,351
2021	$698,257	$622,902	$1,747,950	$75,355
2020	$791,084	$745,185	$1,606,771	$45,899
2019	$752,046	$707,941	$1,524,621	$44,105

FRAMINGHAM PUBLIC ACCESS CORPORATION