PBS 39 FOUNDATION CORPORATION

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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

2010

Legal Domicile

Principal Officer

TIMOTHY FALLON

Phone

8778295500

Tax Period

2021-07-01 to 2022-06-30

PBS 39 FOUNDATION CORPORATION, founded in 2010, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2021. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $858K, a strong 19% operating margin.

Mission

THE CORPORATION IS FORMED EXCLUSIVELY FOR THE BENEFIT OF, TO CARRY OUT THE PURPOSES OF AND TO PERFORM THE FUNCTIONS OF THE LEHIGH VALLEY PUBLIC TELECOMMUNICATIONS CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $3,519,000

TO SUPPORT LEHIGH VALLEY PUBLIC TELECOMMUNICATIONS CORPORATION IN OPERATING A PUBLIC MEDIA STATION SERVING A FOUR COUNTY AREA WITH OVER 12,000 MEMBERS; ENCOURAGE LONG-TERM FINANCIAL SUPPORT, MANAGE AND INVEST THE FUNDS CONTRIBUTED TO THE FOUNDATION, AND MAKE DONATIONS TO WLVT TO SUPPORT ITS PROGRAMS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,425

Program Service Revenue $0

Investment Income $4,524,145

Other Revenue $0

TOTAL REVENUE $4,526,570

Expense Breakdown

Grants Paid $3,519,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,519,000

Other Expenses $149,904

TOTAL EXPENSES $3,668,904

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,526,570	$11,164,328	-0.6%
Expenses	$3,668,904	$4,152,765	-0.1%
Net Income	$857,666	$7,011,563	-0.9%

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

N/A

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

$470,261

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY FALLON	PRESIDENT & CEO	1.00	Officer	$0	$22,634	$279,183
ARTHUR TROCCOLI	CFO	1.00	Officer	$0	$7,483	$191,078
SUSAN YEE	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN EUREYECKO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREGORY PAUL	TREASURER	1.00	Officer Director	$0	$0	$0
DR WILLIAM GAUDELLI	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN HEUMMRICH	DIRECTOR	1.00	Director	$0	$0	$0
EDITH RITTER	DIRECTOR	1.00	Director	$0	$0	$0
PETER WALDRON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WILLARD	DIRECTOR	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
2022	$4,526,570	$3,668,904	No data	$857,666
2021	$11,164,328	$4,152,765	$103,089,426	$7,011,563
2020	$3,759,577	$6,360,920	$85,300,676	$-2,601,343
2019	$3,511,827	$5,473,480	$87,345,548	$-1,961,653
2018	$2,587,209	$19,394,693	$88,562,975	$-16,807,484