WAREHAM COMMUNITY TELEVISION INC

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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

2007

Legal Domicile

Principal Officer

CHERYL KNAPP

Phone

5082732340

Tax Period

2023-01-01 to 2023-12-31

WAREHAM COMMUNITY TELEVISION INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $532K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $823K exceeded revenue, resulting in a 55% operating deficit.

Mission

WAREHAM COMMUNITY TELEVISION, INC. (WCTV) WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES. SPECIFICALLY, WCTV SERVES THE LOCAL COMMUNITY BY PROVIDING MEDIA TRAINING, FACILITIES AND ACCESS TO CABLE TELEVISION THROUGH LOCAL PUBLIC ACCESS, EDUCATION, AND GOVERNMENT (PEG) CHANNELS UNIMPEDED BY GOVERNMENT REGULATIONS TO REACH THE RESIDENTS, NON-PROFIT ORGANIZATIONS, EDUCATIONAL INSTITUTIONS AND GOVERNMENT BODIES OF WAREHAM, MA.WCTV'S VISION IS TO STRENGTHEN THE SPIRIT OF THE COMMUNITY AND ENRICH THE LIVES OF THE RESIDENTS OF WAREHAM, MA. THIS WILL BE ACCOMPLISHED THROUGH UNOBSTRUCTED ACCESS TO COMMUNICATIONS MEDIA AND PRODUCER-DRIVEN TELEVISION PROGRAMMING BASED UPON THE PUBLICS' ARTISTIC EXPRESSION, CREATIVITY AND CONSTITUTIONAL RIGHTS TO FREEDOM OF SPEECH ON WAREHAM'S PEG CABLE CHANNELS.

Program Service Accomplishments

Program 1

Expenses: $637,165 Revenue: $510,141

PROVIDE MEDIA TRAINING, FACILITIES AND ACCESS TO CABLE TELEVISION THROUGH LOCAL PUBLIC ACCESS, EDUCATION, AND GOVERNMENT (PEG) CHANNELS.

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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 $2,033

Program Service Revenue $510,141

Investment Income $20,044

Other Revenue $0

TOTAL REVENUE $532,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $476,334

Fundraising Expenses $0

Program Expenses $637,165

Other Expenses $346,611

TOTAL EXPENSES $822,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$532,218	$584,329	-0.1%
Expenses	$822,945	$569,637	+0.4%
Net Income	$-290,727	$14,692	-20.8%

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

$36,146

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA SCHARF	PRESIDENT	5.00	Officer Director	$0	$0	$0
JODY SANTAGATE	DIRECTOR	2.00	Director	$0	$0	$0
TOM TRICKER	DIRECTOR	2.00	Director	$0	$0	$0
KAT JONES	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL SCHOCHET	EXECUTIVE DIRECTOR	40.00	Officer	$36,146	$0	$36,146
CHERYL KNAPP	TREASURER	5.00	Officer Director	$0	$0	$0
JOAN KINNIBURGH	CLERK	2.00	Officer Director	$0	$0	$0
BILL ROHR	DIRECTOR	2.00	Director	$0	$0	$0
KELLY CHURBUCK	DIRECTOR	2.00	Director	$0	$0	$0
PETER GOLD	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	$532,218	$822,945	$1,764,802	$-290,727
2022	$584,329	$569,637	$2,098,537	$14,692
2021	$541,047	$520,203	$2,000,399	$20,844
2020	$619,325	$497,860	$1,959,233	$121,465
2019	$570,584	$556,032	$1,834,644	$14,552
2018	$567,232	$546,249	$1,848,673	$20,983