KLTV INC (EIN 237448881) - 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

Formation Year

1973

Legal Domicile

Principal Officer

BARRY VERRILL

Phone

3606363310

Tax Period

2024-01-01 to 2024-12-31

KLTV INC, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $609K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $1.6M represent 31 months of operating reserves.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE EDUCATIONAL OPPORTUNITIES TO THE GENERAL PUBLIC THROUGH PUBLIC ACCESS TO TV BROADCASTING. ALSO PROVIDES AN OUTLET FOR INDIVIDUALS AND ORGANIZATIONS WHO WOULD LIKE TO EXPRESS THEIR CREATIVITY OR INTERESTS. KLTV OPERATES IN A COOPERATIVE PARTNERSHIP WITH COMCAST AND FUNDING JURISDICTIONS TO FACILITATE OPEN COMMUNICATION BETWEEN GOVERNMENT AGENCIES AND CITIZENS, RESIDENTS AND THEIR NEIGHBORS, AND NONPROFIT ORGANIZATIONS WITHIN THE COMMUNITY AT LARGE.

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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 $524,384

Program Service Revenue $6,748

Investment Income $68,061

Other Revenue $9,946

TOTAL REVENUE $609,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $349,752

Fundraising Expenses $0

Program Expenses $478,751

Other Expenses $256,851

TOTAL EXPENSES $606,603

Year-over-Year Comparison

	2024	2023	Change
Revenue	$609,139	$529,741	+0.1%
Expenses	$606,603	$550,723	+0.1%
Net Income	$2,536	$-20,982	-1.1%

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

$134,479

Total Directors

$134,479

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY VERRILL	EXECUTIVE DIRECTOR	40.00	Officer Director	$114,783	$19,696	$134,479
MARLENE JOHANSON	PRESIDENT	0.00	Officer Director	$0	$0	$0
ALICE DIETZ	VICE-PRESIDENT	0.00	Director	$0	$0	$0
GEORGE RAITER	BOARD MEMBER	0.00	Director	$0	$0	$0
JIM JOHNSTON	DIRECTOR	0.00	Director	$0	$0	$0
DAVID FUTCHER	DIRECTOR	0.00	Director	$0	$0	$0
TOM LEE	PAST TREASURER	0.00	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	$609,139	$606,603	$1,603,996	$2,536
2023	$529,741	$550,723	$1,602,934	$-20,982
2022	$550,414	$521,183	$1,694,731	$29,231
2021	$542,344	$493,773	$1,588,995	$48,571
2020	$406,709	$512,928	$1,487,468	$-106,219
2019	$515,817	$518,874	$1,542,702	$-3,057
2018	$608,118	$551,525	$1,565,466	$56,593

KLTV INC