Watertown Cable Access Corporation

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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

Christopher McKenzie

Phone

6179238610

Tax Period

2023-01-01 to 2023-12-31

Watertown Cable Access Corporation, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $382K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $777K exceeded revenue, resulting in a 103% operating deficit.

Mission

To provide the residents of the Town of Watertown, Massachusetts access to cable channels that promote talents, culture, ideas and community concerns.

Program Service Accomplishments

Program 1

Expenses: $347,951

The Organization provided the town with workshops for video production and editing. Also, the Organization is using social media to create more community awareness and engagement.

Program 2

Expenses: $69,970 Revenue: $564,476

Provided community access cable channels and the use of video equipment to residents of the Town of Watertown, Massachusetts. WCA-TV covered municipal meetings, high school sporting events, WHS...

Provided community access cable channels and the use of video equipment to residents of the Town of Watertown, Massachusetts. WCA-TV covered municipal meetings, high school sporting events, WHS events and weekly news programs. Volunteers and staff created additional programs. Watertown High School students produced local programming including radio shows, online quiz shows and digital shorts.

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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 $564,476

Investment Income $-187,118

Other Revenue $4,708

TOTAL REVENUE $382,066

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $457,076

Fundraising Expenses $49,393

Program Expenses $417,921

Other Expenses $317,973

TOTAL EXPENSES $777,049

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,066	$634,008	-0.4%
Expenses	$777,049	$756,973	+0.0%
Net Income	$-394,983	$-122,965	+2.2%

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

$89,436

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrea Santopietro	Executive Dir.	40.00	Officer	$89,436	$0	$89,436
James O'Connor	Treasurer	2.00	Officer Director	$0	$0	$0
Elaine Mello	Director	2.00	Director	$0	$0	$0
Robert Romano	Director	2.00	Director	$0	$0	$0
Christopher McKenzie	President	2.00	Officer Director	$0	$0	$0
George Skuse	Clerk	2.00	Officer Director	$0	$0	$0
David Strokes	Director	2.00	Director	$0	$0	$0
Ninos Hanna	Vice President	2.00	Officer Director	$0	$0	$0
Jennifer Nicholson	Director	2.00	Director	$0	$0	$0
Samantha Henry	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	$382,066	$777,049	$1,257,226	$-394,983
2022	$634,008	$756,973	$1,647,988	$-122,965
2021	$629,726	$699,811	$1,771,981	$-70,085
2020	$653,547	$717,720	$1,843,332	$-64,173
2019	$684,777	$804,135	$1,903,122	$-119,358
2018	$696,997	$793,965	$2,017,294	$-96,968