LV PUBLIC TELECOMMUNICATIONS CORP … - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

STEPHEN BUDIHAS

Phone

6108674677

Tax Period

2023-07-01 to 2024-06-30

LV PUBLIC TELECOMMUNICATIONS CORP WLVT-TV CHANNEL 39, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.3M in total revenue in fiscal year 2023. Expenses of $13.5M exceeded revenue, resulting in a 114% operating deficit.

Mission

"TO EDUCATE, INSPIRE, INFORM, ENTERTAIN AND STIMULATE THE EXCHANGE OF IDEAS FOR THE ENRICHMENT OF THE PUBLIC" BEGINS WITH THE BROADCAST OF PBS PROGRAMS THAT HIGHLIGHT ISSUES OF NATIONAL IMPORTANCE, CONTINUES WITH THE PRODUCTION OF OUR EMMY AWARD WINNING LOCAL PROGRAMS THAT EXPLORE THE CRITICAL CONCERNS OF OUR REGION AS WELL AS OFFER POSSIBLE SOLUTIONS, AND FURTHER TOUCHES OUR COMMUNITY THROUGH OUR EDUCATIONAL OUTREACH PROGRAMS; WITH A FOCUS ON IMPROVING READING, LITERACY AND INTERNET SAFETY. THIS MULTI-FACETED APPROACH ALLOWS THE COMMUNITY TO BECOME ACTIVE AND EMPOWERED CITIZENS EQUIPPED WITH THE KNOWLEDGE NECESSARY TO IMPROVE THEIR QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $7,880,472 Revenue: $483,731

WLVT OPERATES A PUBLIC TELEVISION STATION SERVING A FOUR COUNTY AREA WITH OVER 12,000 MEMBERS. PBS39 PROVIDES TO THE COMMUNITY:- THE BROADCAST OF NON-COMMERCIAL TELEVISION PROGRAMS INTO 2.6 MILLION HOUSEHOLDS WITHIN EASTERN PENNSYLVANIA AND WESTERN NEW JERSEY WITH 5.2 MILLION VIEWERS. - EARLY CHILDHOOD EDUCATION FOR THOUSANDS OF PRESCHOOLERS AND THEIR PARENTS EACH YEAR AS WELL AS EDUCATIONAL CLASSROOM SERVICES, INCLUDING WEB-BASED ARCHIVES OF THOUSANDS OF EDUCATIONAL MATERIALS TO DEVELOP CURRICULUM THAT IMPACTS STUDENTS AND TEACHERS ON A DAILY BASIS. - AWARD-WINNING LOCAL DOCUMENTARY AND PUBLIC AFFAIRS PROGRAMS.

Program 2

Expenses: $281,061

ALL DAY NPR STYLE RADIO NEWS SERVING THE LEHIGH VALLEY, PENNSYLVANIA AND WESTERN NEW JERSEY

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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 $3,977,676

Program Service Revenue $667,874

Investment Income $1,719,294

Other Revenue $-27,405

TOTAL REVENUE $6,337,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,899,731

Fundraising Expenses $2,291,105

Program Expenses $8,161,533

Other Expenses $6,632,210

TOTAL EXPENSES $13,531,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,337,439	$6,489,379	0.0%
Expenses	$13,531,941	$15,145,327	-0.1%
Net Income	$-7,194,502	$-8,655,948	-0.2%

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

102

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

$1,001,020

Total Directors

$512,141

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY S FALLON	PRESIDENT/CEO	38.00	Officer Director	$270,570	$29,112	$299,682
ARTHUR TROCCOLI	CHIEF FINANCIAL OFFICER	38.00	Officer Director	$203,249	$9,210	$212,459
SUSAN C YEE	CHAIR (TO 1/24)	2.00	Officer Director	$0	$0	$0
JOHN EUREYECKO	VICE CHAIR (TO 1/24)	2.00	Officer Director	$0	$0	$0
GREGORY PAUL	TREASURER (TO 1/24)	1.00	Director	$0	$0	$0
DR WILLIAM GAUDELLI	SECRETARY (TO 1/24)	2.00	Director	$0	$0	$0
JAMIE MUSSELMAN	DIRECTOR (TO 1/24)	1.00	Director	$0	$0	$0
DAVID W WILLARD	DIRECTOR	2.00	Director	$0	$0	$0
MAXWELL E DAVISON	BOARD ATTORNEY (TO 1/24)	1.00	Director	$0	$0	$0
TODD P DONNELLY	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH DUANE	DIRECTOR (TO 1/24)	1.00	Director	$0	$0	$0
DEBRA FRASER-HOWZE	DIRECTOR	1.00	Director	$0	$0	$0
DR PHILIP J FROMUTH	DIRECTOR (TO 1/24)	1.00	Director	$0	$0	$0
MICHAEL S KEIM	CHAIR (AS OF 1/24)	1.00	Officer Director	$0	$0	$0
ARUNDHATI KHANWALKAR	SECRETARY (AS OF 1/24)	1.00	Officer Director	$0	$0	$0
LUCINDALEA B MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
CAROL YOUNG	DIRECTOR (TO 1/24)	1.00	Director	$0	$0	$0
LAKS SRINIVASAN	VICE CHAIR (AS OF 1/24)	2.00	Officer Director	$0	$0	$0
LUIS E CAMPOS	TREASURER (AS OF 1/24)	1.00	Officer Director	$0	$0	$0
RICK BUCHER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HUEMMRICH	DIRECTOR	1.00	Director	$0	$0	$0
JUDGE JOSEPH F LEESON JR	DIRECTOR	1.00	Director	$0	$0	$0
IMTIAZ PATEL	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH TOPPER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER S WOLFEL EDD	DIRECTOR	1.00	Director	$0	$0	$0
YONATHAN GREENBAUM	CHIEF CONTENT OFFICER	40.00	Officer	$232,621	$32,164	$264,785
ANDREA CUMMIS	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$192,755	$31,339	$224,094

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	No data	No data	No data	No data
2024	$6,337,439	$13,531,941	$122,920,140	$-7,194,502
2023	$6,489,379	$15,145,327	$125,109,025	$-8,655,948
2022	$12,103,626	$12,326,133	$129,314,722	$-222,507
2021	$11,383,607	$11,587,217	$49,325,493	$-203,610
2020	$9,323,671	$9,505,260	$43,912,817	$-181,589
2019	$8,264,262	$7,930,737	$43,501,991	$333,525
2018	$5,943,522	$6,119,864	$42,542,060	$-176,342

LV PUBLIC TELECOMMUNICATIONS CORP WLVT-TV CHANNEL 39