Waterford, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEDIA NETWORK OF WATERFORD COVERT CENTER, founded in 1999, is a small nonprofit in the Education sector that reported $249K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $285K exceeded revenue, resulting in a 14% operating deficit.
We train the community in all aspects of television production. Classes are offered free of charge, they are required to broadcast the television programs on Waterford Public Access WTV10. Media Network provides basic media materials to the residents so they may produce their own non-profit programing. Media Network produces programs as well to enlighten, enrich and entertain the Waterford Community.
Media Network of Waterford trains Waterford Residents how to produce media programs for television, internet and radio. Waterford Residents are able to attend 4 classes teaching all aspects of...
Media Network of Waterford trains Waterford Residents how to produce media programs for television, internet and radio. Waterford Residents are able to attend 4 classes teaching all aspects of television production. Media Network supplies camera gear, materials and instructons to residents free of charge. Residents can sign up for additional trainning as needed. Residents outside of Waterford Township may also sign up for classes for a donation to the Media Network of Waterford. Tee-shirts and DVDs of produced materials are available to residents for a donation.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $249,240 | $222,333 | +0.1% |
| Expenses | $285,201 | $248,926 | +0.1% |
| Net Income | $-35,961 | $-26,593 | +0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Joshua Bowren | Executive Director | 40 |
Key Emp
Highest
|
$62,436 | $0 | $62,436 |
| Denise Mcleod | Operations Manager | 40 |
Key Emp
|
$49,802 | $0 | $49,802 |
| Whitney Hunt | Senior Production Manager | 40 |
Key Emp
|
$40,431 | $0 | $40,431 |
| Diana Casetti | Production Coordinator | 20 |
Key Emp
|
$18,998 | $0 | $18,998 |
| Matthew Spencer | Vice Chair | 15 |
Officer
|
$0 | $0 | $0 |
| Steve Campbell | Chair | 15 |
Officer
|
$0 | $0 | $0 |
| Veronica L'Esperance | Secretary | 15 |
Officer
|
$0 | $0 | $0 |
| Virginia Poehlman | Treasurer | 15 |
Officer
|
$0 | $0 | $0 |
| Jim Powers | Trustee | 20 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $249,240 | $285,201 | $7,731 | $-35,961 |
| 2023 | $222,333 | $248,926 | $43,692 | $-26,593 |
| 2022 | $214,637 | $217,340 | $70,285 | $-2,703 |
| 2021 | $286,484 | $235,783 | $72,988 | $50,701 |
| 2020 | $205,243 | $212,387 | $22,287 | $-7,144 |
Compare MEDIA NETWORK OF WATERFORD COVERT CENTER with other nonprofits in Michigan and across the country.