SOMERSET ACCESS TELEVISION INC (EIN 201927237) - 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

2005

Legal Domicile

Principal Officer

MICHAEL C MELLO

Phone

5086730663

Tax Period

2023-01-01 to 2023-12-31

SOMERSET ACCESS TELEVISION INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $267K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $318K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE COMMUNITY PROGRAMMING FOR THE RESIDENTS OF THE TOWN OF SOMERSET, MASSACHUSETTS. THE COMMUNITY PROGRAMMING IS AVAILABLE ON THE LOCAL PUBLIC ACCESS CHANNEL ON CABLE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $266,292

Investment Income $382

Other Revenue $0

TOTAL REVENUE $266,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $263,455

Fundraising Expenses $0

Program Expenses $317,958

Other Expenses $54,503

TOTAL EXPENSES $317,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,674	$504,750	-0.5%
Expenses	$317,958	$329,302	0.0%
Net Income	$-51,284	$175,448	-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

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
JEFFREY L DRISCOLL	PRESIDENT	2.00	Officer Director	$0	$0	$0
BERNARD W MIRANDA	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
MICHAEL C MELLO	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL F MACEDO	SECRETARY	1.00	Director	$0	$0	$0
THOMAS PASTERNAK	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN SMITH	DIRECTOR	1.00	Officer Director	$0	$0	$0
VICTOR MACHADO	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	No data	No data	No data	No data
2023	$266,674	$317,958	$256,462	$-51,284
2021	$380	$363,270	$132,298	$-362,890
2020	$322,007	$341,771	$495,188	$-19,764
2019	$322,015	$287,800	$514,952	$34,215
2018	$402,484	$274,550	$480,737	$127,934

SOMERSET ACCESS TELEVISION INC