LAWRENCE COMMUNITY ACCESS TV INC

EIN: 201944831 501(c)(3) Arts, Culture & Humanities

LAWRENCE, MA

Total Revenue
$2,595
Total Expenses
$322,547
Total Assets
$317,492
Net Assets
$152,464
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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

Principal Officer
THOMAS SPITALERE
Phone
9786869030
Tax Period
2024-01-01 to 2024-12-31

LAWRENCE COMMUNITY ACCESS TV INC is a micro nonprofit in the Arts, Culture & Humanities sector that reported $3K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $323K exceeded revenue, resulting in a 12330% operating deficit.

Mission

TO OPERATE, MAINTAIN AND MANAGE THE PUBLIC AND GOVERNMENT CABLE ACCESS FACILITIES IN THE CITY OF LAWRENCE, MA.

Program Service Accomplishments

Program 1
Expenses: $219,329 Revenue: $2,500

THE ORGANIZATION OPERATES, MANAGES, AND MAINTAINS PUBLIC AND LOCAL GOVERNMENT CABLE TELEVISION ACCESS FACILITIES, IN THE CITY OF LAWRENCE, MASSACHUSETTS. SERVICES INCLUDE THE PROMOTION OF CULTURAL...

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THE ORGANIZATION OPERATES, MANAGES, AND MAINTAINS PUBLIC AND LOCAL GOVERNMENT CABLE TELEVISION ACCESS FACILITIES, IN THE CITY OF LAWRENCE, MASSACHUSETTS. SERVICES INCLUDE THE PROMOTION OF CULTURAL, LITERARY, CHARITABLE AND OTHER PROGRAMMING, AND ACCREDITED EDUCATION AND TRAINING PROGRAMS IN THE PRODUCTION OF TELEVISION PROGRAMS AND RELATED EQUIPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,500
Investment Income $95
Other Revenue $0
TOTAL REVENUE $2,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,428
Fundraising Expenses $0
Program Expenses $219,329
Other Expenses $140,119
TOTAL EXPENSES $322,547

Year-over-Year Comparison

2024 2023 Change
Revenue $2,595 $178,430 -1.0%
Expenses $322,547 $353,486 -0.1%
Net Income $-319,952 $-175,056 +0.8%
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

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Governance

Voting Members
5
Independent Members
5
Employees
7
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
3
$21,250
Total Directors
5
$21,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL GARRIHY TREASURER 10.00
Officer Director
$0 $0 $0
THOMAS SPITALERE PRESIDENT 10.00
Officer Director
$21,250 $0 $21,250
CAITLYN PELLERIN DIRECTOR 1.00
Director
$0 $0 $0
BRENDA ROZZI RECORDING SE 1.00
Officer Director
$0 $0 $0
RICHARD RUSSELL 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 $2,595 $322,547 $317,492 $-319,952
2023 $178,430 $353,485 $651,611 $-175,055
2022 $307,192 $361,753 $776,366 $-54,561
2021 $340,912 $291,600 $814,415 $49,312
2020 $299,478 $278,003 $801,514 $21,475
2019 $309,112 $245,650 $750,420 $63,462
2018 $316,077 $258,461 $696,285 $57,616
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