METHUEN COMMUNITY TELEVISION CORP

EIN: 223467444 501(c)(3)

METHUEN, MA

Total Revenue
$864,513
Total Expenses
$674,328
Total Assets
$4,788,092
Net Assets
$4,650,961
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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
1996
Legal Domicile
MA
Principal Officer
CAROL HAJALI
Phone
9786898627
Tax Period
2024-07-01 to 2025-06-30

METHUEN COMMUNITY TELEVISION CORP, founded in 1996, is a small nonprofit that reported $865K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $190K, a strong 22% operating margin.

Mission

DESIGNATED LOCAL ACCESS TELEVISION CORPORATION FOR THE CITY OF METHUEN, MASSACHUSETTS. METHUEN COMMUNITY STUDIOS IS A LOCAL, NON-PROFIT TELEVISION STATION DEDICATED TO COVERING THE COMMUNITY OF METHUEN. THEIR GOAL IS TO GIVE THE PEOPLE OF METHUEN AN OPPORTUNITY TO USE THE MEDIA EFFECTIVELY TO INFORM THEIR NEIGHBORS ABOUT THE ISSUES AFFECTING THE COMMUNITY. THE CORPORATON ALSO STRIVES TO PROVIDE A VENUE FOR LOCAL SPORTS, THE ARTS, RELIGIOUS AND NON-PROFIT ORGANIZATIONS AND BUSINESS LEADERS EXPERTISE TO BE SHARED.

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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 $148,636
Program Service Revenue $667,120
Investment Income $19,434
Other Revenue $29,323
TOTAL REVENUE $864,513

Expense Breakdown

Grants Paid $0
Salaries & Benefits $330,915
Fundraising Expenses $8,275
Program Expenses $492,321
Other Expenses $343,413
TOTAL EXPENSES $674,328

Year-over-Year Comparison

2024 2023 Change
Revenue $864,513 $636,239 +0.4%
Expenses $674,328 $695,251 0.0%
Net Income $190,185 $-59,012 -4.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
101

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
5
$100,478
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN HAYDEN EXEC. DIRECT 40.00
Officer
$89,128 $11,350 $100,478
ROSA CROUGHWELL DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FRATI DIRECTOR 1.00
Director
$0 $0 $0
SETH GRAHAM DIRECTOR 1.00
Director
$0 $0 $0
THOMAS GRASSI PRESIDENT 1.00
Officer Director
$0 $0 $0
CAROL HAJALI TREASURER 1.00
Officer Director
$0 $0 $0
DAVID JONES DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM MAGRO VICE PRESIDE 1.00
Officer Director
$0 $0 $0
RAYMOND PILAT SECRETARY/CL 1.00
Officer Director
$0 $0 $0
NANCY REARDON MEMBERS REP 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
2025 $864,513 $674,328 $4,788,092 $190,185
2024 $636,239 $695,251 $4,527,176 $-59,012
2023 $706,626 $601,745 $4,559,089 $104,881
2022 $760,672 $602,029 $4,444,876 $158,643
2021 $734,731 $557,214 $4,286,621 $177,517
2020 $749,591 $405,256 $4,113,696 $344,335
2019 $718,294 $485,957 $3,854,857 $232,337
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