LAWRENCE COMMUNITY ACCESS TV INC (EIN 201944831) - 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

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.

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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 (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

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

$21,250

Total Directors

$21,250

Key Employees

Highest Compensated

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

LAWRENCE COMMUNITY ACCESS TV INC