GRAND RAPIDS CABLE ACCESS CTR INC … - 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

1980

Legal Domicile

Principal Officer

STARLA MCDERMOTT

Phone

6164594788

Tax Period

2024-07-01 to 2025-06-30

GRAND RAPIDS CABLE ACCESS CTR INC D/B/A COMMUNITY MEDIA CENTER, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.5M exceeded revenue, resulting in a 24% operating deficit.

Mission

BUILDING COMMUNITY THROUGH MEDIA

Program Service Accomplishments

Program 1

Expenses: $882,003 Revenue: $622,289

GRTV PROVIDES MEDIA PRODUCTION SUPPORT, TOOLS AND TRANSMISSION FOR LOCAL INDIVIDUALS AND NONPROFIT ORGANIZATIONS TO CREATE AND PRESENT MULTIMEDIA PROGRAMMING TO THE COMMUNITY. GRTV PROVIDES STUDIO...

GRTV PROVIDES MEDIA PRODUCTION SUPPORT, TOOLS AND TRANSMISSION FOR LOCAL INDIVIDUALS AND NONPROFIT ORGANIZATIONS TO CREATE AND PRESENT MULTIMEDIA PROGRAMMING TO THE COMMUNITY. GRTV PROVIDES STUDIO AND EDITING FACILITIES, PORTABLE EQUIPMENT THAT IS AVAILABLE TO BORROW, AND PROFESSIONAL STAFF TO ADVISE AND FACILITATE USE. GRTV ALSO SCHEDULES AND MANAGES THE PLAYBACK TRANSMISSION OF TWO NON-COMMERCIAL COMMUNITY CHANNELS THAT FEATURE THE PROGRAMMING PRODUCED AND PRESENTED BY THE COMMUNITY.

Program 2

Expenses: $722,143 Revenue: $45,030

WYCE IS A NON-COMMERICAL, LISTENER-SUPPORTED COMMUNITY RADIO STATION FOR WEST MICHIGAN. THE FORMAT EMPHASIZES AN ECLECTIC BLEND OF MUSIC, WITH SPECIAL EMPHASIS ON LOCAL AND EMERGING ARTISTS. THE...

WYCE IS A NON-COMMERICAL, LISTENER-SUPPORTED COMMUNITY RADIO STATION FOR WEST MICHIGAN. THE FORMAT EMPHASIZES AN ECLECTIC BLEND OF MUSIC, WITH SPECIAL EMPHASIS ON LOCAL AND EMERGING ARTISTS. THE STATION PROVIDES AUDIO/RADIO PRODUCTION TRAINING AND IS PROGRAMMED BY APPROXIMATELY 80 "ON- AIR" VOLUNTEERS. WYCE HOLDS EVENTS THAT HONOR LOCAL ARTISTS AND EVENTS THAT BENEFIT LOCAL NONPROFIT ORGANIZATIONS. WYCE PROVIDES COMMUNITY ANNOUNCEMENTS AND PROMOTES EVENTS AROUND THE COMMUNITY.

Program 3

Expenses: $347,551 Revenue: $372,748

WEALTHY THEATRE IS A RENOVATED HISTORIC THEATRE PROVIDING A TECHNOLOGY RICH VENUE FOR COMMUNITY USE. IT IS USED FOR COMMUNITY PRESENTATIONS, CONCERTS, FILMS AND STAGE PERFORMANCES.

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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 $654,847

Program Service Revenue $1,201,587

Investment Income $37,314

Other Revenue $165,083

TOTAL REVENUE $2,058,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,587,026

Fundraising Expenses $73,587

Program Expenses $2,256,040

Other Expenses $959,743

TOTAL EXPENSES $2,546,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,058,831	$1,916,958	+0.1%
Expenses	$2,546,769	$2,418,728	+0.1%
Net Income	$-487,938	$-501,770	0.0%

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

140

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

$90,562

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STARLA MCDERMOTT	EXECUTIVE DI	40.00	Officer	$90,562	$0	$90,562
RICHARD PARROT IV	PRESIDENT	4.00	Officer Director	$0	$0	$0
JASON WHEELER	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
BRANDON COPELAND	SECRETARY	4.00	Officer Director	$0	$0	$0
KARISA SPRITE WILSON	TREASURER	4.00	Officer Director	$0	$0	$0
MEL ATKINS	DIRECTOR	2.00	Director	$0	$0	$0
GABRIELLA DE LA VEGA	DIRECTOR	2.00	Director	$0	$0	$0
CLAY GRUEBER	DIRECTOR	2.00	Director	$0	$0	$0
PARKER HAFFEY	DIRECTOR	2.00	Director	$0	$0	$0
JESSE HOLCOMB	DIRECTOR	2.00	Director	$0	$0	$0
LEN O'KELLY	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG PIERSMA	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA RYNBRANDT	DIRECTOR	2.00	Director	$0	$0	$0
CORY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MARK SMITH	DIRECTOR	2.00	Director	$0	$0	$0
TERRA TARANGO	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
2025	$2,058,831	$2,546,769	$2,403,849	$-487,938
2024	$1,916,958	$2,418,728	$2,918,998	$-501,770
2023	$1,805,596	$1,970,662	$3,434,272	$-165,066
2022	$1,841,207	$1,401,713	$3,474,480	$439,494
2021	$1,393,547	$1,130,801	$3,318,262	$262,746
2020	$1,441,743	$1,186,500	$2,892,840	$255,243
2019	$1,465,914	$1,326,552	$2,508,666	$139,362
2018	$1,545,005	$1,460,218	$2,339,239	$84,787

GRAND RAPIDS CABLE ACCESS CTR INC D/B/A COMMUNITY MEDIA CENTER