CHANNEL ONE INC (EIN 411379713) - Form 990 Financial Analysis & Trantor Score

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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

VIRGINIA WITHERSPOON

Phone

5072872350

Tax Period

2024-07-01 to 2025-06-30

CHANNEL ONE INC, founded in 1980, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $26.1M in total revenue in fiscal year 2024.

Mission

CHANNEL ONE STRENGTHENS FOOD ACCESS AND BUILDS HEALTHY COMMUNITIES.

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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 $23,897,348

Program Service Revenue $2,123,492

Investment Income $111,601

Other Revenue $-10,847

TOTAL REVENUE $26,121,594

Expense Breakdown

Grants Paid $23,683,231

Salaries & Benefits $2,454,201

Fundraising Expenses $831,732

Program Expenses $26,589,132

Other Expenses $1,781,880

TOTAL EXPENSES $27,919,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,121,594	$24,944,529	+0.0%
Expenses	$27,919,312	$25,639,945	+0.1%
Net Income	$-1,797,718	$-695,416	+1.6%

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

1293

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

$135,171

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLDEN LEWIS	BOARD CHAIR-PART YEAR	0.30	Officer Director	$0	$0	$0
PAUL MACKIN	BOARD CHAIR	0.30	Officer Director	$0	$0	$0
MELISSA DICKISON	VICE CHAIR	0.30	Officer Director	$0	$0	$0
TOM LEIMER	TREASURER	0.30	Officer Director	$0	$0	$0
ANGIE AMES	DIRECTOR	0.30	Director	$0	$0	$0
SARA CARLSON	DIRECTOR	0.30	Director	$0	$0	$0
BEN MULHOLLAND	DIRECTOR	0.30	Director	$0	$0	$0
TAMIM RAJJO	DIRECTOR	0.30	Director	$0	$0	$0
ANDY DANIELSEN	DIRECTOR	0.30	Director	$0	$0	$0
GEMA ALVARADO-GUERRERO	DIRECTOR	0.30	Director	$0	$0	$0
STEPHANIE FISHER	DIRECTOR	0.30	Director	$0	$0	$0
ANTHONY BROERSMA	DIRECTOR	0.30	Director	$0	$0	$0
BENJAMIN BERGSTROM	DIRECTOR-PART YEAR	0.30	Director	$0	$0	$0
MICHAEL ZIRBES	DIRECTOR-PART YEAR	0.30	Director	$0	$0	$0
ROGER HOFER	DIRECTOR-PART YEAR	0.30	Director	$0	$0	$0
RYAN RINGEL	DIRECTOR-PART YEAR	0.30	Director	$0	$0	$0
TYLER YULE	DIRECTOR-PART YEAR	0.30	Director	$0	$0	$0
VIRGINIA WITHERSPOON	EXECUTIVE DIRECTOR	40.00	Officer	$129,612	$5,559	$135,171

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	$26,121,594	$27,919,312	$7,103,767	$-1,797,718
2024	No data	No data	No data	No data
2023	$20,258,959	$20,241,527	$9,489,071	$17,432
2022	$17,204,714	$18,572,524	$9,565,800	$-1,367,810
2021	$23,904,084	$22,057,453	$10,900,527	$1,846,631
2020	$21,788,814	$18,892,272	$9,424,293	$2,896,542
2019	$16,723,300	$16,329,398	$5,992,370	$393,902
2018	$17,217,508	$17,533,279	$5,575,704	$-315,771

CHANNEL ONE INC