C-NET

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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

1987

Legal Domicile

Principal Officer

CINDY HAHN

Phone

8142385031

Tax Period

2024-01-01 to 2024-12-31

C-NET, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $503K in total revenue in fiscal year 2024. Expenses of $467K left a modest 7% surplus.

Mission

C-NET IS ORGANIZED TO MAINTAIN AND OPERATED, ON A NOT-FOR-PROFIT BASIS, A GOVERNMENT AND EDUCATION ACCESS NETWORK TO INFORM THE PUBLIC ON SUBJECTS USEFUL AND BENEFICIAL TO THE COMMUNITY VIA CABLE TELEVISION CHANNELS AND INTERNET COMMUNICATIONS, AND TO DO ALL ACTS INCIDENTAL TO THE OPERATION AND DEVELOPMENT OF THESE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $387,817 Revenue: $461,855

C-NET IS CENTRE COUNTY'S GOVERNMENT AND EDUCATION ACCESS NETWORK. IT ADMINISTERS TWO CHANNELS, CGTV (CHANNEL 7) AND CETV (CHANNEL 98), ALONG WITH THE WEBSITE CNET1.ORG. OUR PROGRAMMING RANGES FROM...

C-NET IS CENTRE COUNTY'S GOVERNMENT AND EDUCATION ACCESS NETWORK. IT ADMINISTERS TWO CHANNELS, CGTV (CHANNEL 7) AND CETV (CHANNEL 98), ALONG WITH THE WEBSITE CNET1.ORG. OUR PROGRAMMING RANGES FROM PUBLIC MEETINGS TO HIGH SCHOOL AND PSU SPORTS TO LOCAL FESTIVALS AND CELEBRATIONS. A C-NET MEMBER AGENCY MUST SPONSOR EACH PROGRAM THAT AIRS ON THE CHANNELS. THERE ARE CURRENTLY 17 MEMBERS: BELLEFONTE AREA SCHOOL DISTRICT, BELLEFONTE BOROUGH, CENTRE AREA TRANSPORTATION AUTHORITY, CENTRE COUNTY GOVERNMENT, CENTRE REGION COUNCIL OF GOVERNMENTS, COLLEGE TOWNSHIP, FERGUSON TOWNSHIP, HALFMOON TOWNSHIP, HARRIS TOWNSHIP, PARRON TOWNSHIP, PENN STATE UNIVERSITY, SCHLOW CENTRE REGION LIBRARY, STATE COLLEGE AREA SCHOOL DISTRICT, STATE COLLEGE BOROUGH, THE CENTRE REGION PARKS AND RECREATION AUTHORITY, STATE COLLEGE BOROUGH WATER AUTHORITY, AND THE UNIVERSITY AREA JOINT AUTHORITY.

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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 $26,500

Program Service Revenue $461,855

Investment Income $14,535

Other Revenue $0

TOTAL REVENUE $502,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,262

Fundraising Expenses $0

Program Expenses $387,817

Other Expenses $118,847

TOTAL EXPENSES $467,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$502,890	$470,035	+0.1%
Expenses	$467,109	$445,346	+0.0%
Net Income	$35,781	$24,689	+0.4%

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

$91,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA ROBB	DIRECTOR	3.00	Director	$0	$0	$0
CHRIS ROSENBLUM	SECRETARY	3.00	Officer Director	$0	$0	$0
SCOTT BINKLEY	DIRECTOR	3.00	Director	$0	$0	$0
DON HOLDERMAN	PRESIDENT	3.00	Officer Director	$0	$0	$0
ED FITZGERALD	DIRECTOR	3.00	Director	$0	$0	$0
ERIC NORENBERG	DIRECTOR	3.00	Director	$0	$0	$0
EVAN MYERS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JOHN FRANEK	DIRECTOR	3.00	Director	$0	$0	$0
JOSH COLE	DIRECTOR	3.00	Director	$0	$0	$0
KAREN MILLER	DIRECTOR	3.00	Director	$0	$0	$0
KATE DOMICO	TREASURER	3.00	Officer Director	$0	$0	$0
LESLIE LAING	DIRECTOR	3.00	Director	$0	$0	$0
MATT AUMAN	DIRECTOR	3.00	Director	$0	$0	$0
THOMAS DAUBERT	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM SPEAKMAN	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM CAPLAN	DIRECTOR	3.00	Director	$0	$0	$0
LORI MILLER	DIRECTOR	3.00	Director	$0	$0	$0
CINDY HAHN	EXECUTIVE DIRECTOR	40.00	Officer	$91,184	$0	$91,184

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	$502,890	$467,109	$673,137	$35,781
2023	$470,035	$445,346	$660,940	$24,689
2022	$434,737	$435,946	$649,264	$-1,209
2021	$418,685	$398,248	$469,723	$20,437
2020	$414,242	$392,034	$456,649	$22,208
2019	$364,079	$389,994	$433,577	$-25,915
2018	$354,086	$376,325	$456,309	$-22,239