MEDIA NETWORK OF WATERFORD COVERT CENTER

EIN: 383443828 501(c)(3) Education

Waterford, MI

Total Revenue
$249,240
Total Expenses
$285,201
Total Assets
$7,731
Net Assets
$7,731
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MI
Principal Officer
Steve Campbell
Phone
2486820401
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

To produce non-commercial community television shows for the residents of Waterford Township. Organization also trains Waterford Residents all aspects of television production free of charge. Use of television equipment is provided free of charge to Waterford Residents.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $195,000
Program Service Revenue $6,096
Investment Income $0
Other Revenue $48,144
TOTAL REVENUE $249,240

Expense Breakdown

Grants Paid $0
Salaries & Benefits $254,298
Fundraising Expenses $0
Program Expenses $30,903
Other Expenses $30,903
TOTAL EXPENSES $285,201

Year-over-Year Comparison

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%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
N/A
Employees
4
Volunteers
50

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
5
$0
Total Directors
0
$0
Key Employees
4
$171,667
Highest Compensated
1
reported
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
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 $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
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MEDIA NETWORK OF WATERFORD COVERT CENTER with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.