WEST CENTRAL MN EDUC TELEVISION (EIN 416038611) - 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

1959

Legal Domicile

Principal Officer

SHERECE LAMKE

Phone

8007263178

Tax Period

2024-07-01 to 2025-06-30

WEST CENTRAL MN EDUC TELEVISION, founded in 1959, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $10.2M represent 33 months of operating reserves.

Mission

TO PRODUCE AND/OR BROADCAST EDUCATIONAL TELEVISION PROGRAMS TO VIEWING AREA OF WEST CENTRAL MINNESOTA.

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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 $3,536,228

Program Service Revenue $135,509

Investment Income $42,473

Other Revenue $1,524

TOTAL REVENUE $3,715,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,320,288

Fundraising Expenses $349,350

Program Expenses $2,913,999

Other Expenses $2,448,136

TOTAL EXPENSES $3,786,355

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,715,734	$3,265,028	+0.1%
Expenses	$3,786,355	$3,699,571	+0.0%
Net Income	$-70,621	$-434,543	-0.8%

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

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

$135,564

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK OLSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CHUCK GRUSSING	FIRST VICE-C	1.00	Officer Director	$0	$0	$0
LA MONT JACOBSON	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
PENNY RETZER	DIRECTOR	1.00	Director	$0	$0	$0
GARY BARTLETT	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BIENIAS	DIRECTOR	1.00	Director	$0	$0	$0
SHERECE LAMKE	GENERAL MGR	40.00	Officer	$121,298	$14,266	$135,564

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	$3,715,734	$3,786,355	$11,122,948	$-70,621
2024	No data	No data	No data	No data
2023	$3,814,813	$3,862,372	$11,267,859	$-47,559
2022	$3,028,477	$3,844,918	$10,824,686	$-816,441
2021	$4,076,753	$3,493,660	$12,072,259	$583,093
2020	$2,906,367	$3,495,719	$11,284,600	$-589,352
2019	$3,366,041	$3,524,857	$12,238,140	$-158,816
2018	$3,756,920	$3,141,125	$11,714,772	$615,795

WEST CENTRAL MN EDUC TELEVISION