SKYWATCH TV CORPORATION (EIN 472401400) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

JOE HORN

Phone

4177230148

Tax Period

2023-01-01 to 2023-12-31

SKYWATCH TV CORPORATION, founded in 2014, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $2.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

SKYWATCH TV CORPORATION SPREADS THE TEACHINGS AND GOSPEL OF JESUS CHRIST THROUGH PROGRAMMING ON TELEVISION AND THE INTERNET. SKYWATCH TV FINANCES ITS ACTIVITIES THROUGH THE SALE OF BOOKS AND VIDEOS. WHEREAS, THE BIBLE SPECIFICALLY CONNECTS INTERPERSONAL MINISTRY AS INTEGRAL TO THE MISSION OF THE GOSPEL, INCLUDING FEEDING AND CLOTHING THE POOR AND MINISTERING TO WIDOWS AND ORPHANS, SKYWATCH TV OPERATES THE WHISPERING PONIES RANCH WHERE CHILDREN FROM FOSTER CARE CAN EXPERIENCE WEEKLONG ROYAL FAMILY KIDS CAMPS, TEEN REACH CAMPS, AND ASSOCIATED CAMP AND CONFERENCE MINISTRIES.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $977,062

Program Service Revenue $423,059

Investment Income $0

Other Revenue $275,743

TOTAL REVENUE $1,675,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $780,590

Fundraising Expenses $0

Program Expenses $1,928,595

Other Expenses $1,320,506

TOTAL EXPENSES $2,101,096

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,675,864	$796,233	+1.1%
Expenses	$2,101,096	$2,330,704	-0.1%
Net Income	$-425,232	$-1,534,471	-0.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$129,577

Total Directors

$219,184

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE HORN	PRESIDENT/CH	40.00	Officer Director	$67,580	$0	$67,580
DEREK GILBERT	SECRETARY	40.00	Officer Director	$48,291	$0	$48,291
PENNIE DUTTON	BOARD MEMBER	3.50	Director	$2,530	$0	$36,471
DENNIS HESHER	BOARD MEMBER	3.50	Director	$16,700	$0	$27,441
LYNN WILLIAMS	BOARD MEMBER	40.00	Director	$25,695	$0	$25,695
ALLIE HENSON	TREASURER	3.50	Officer Director	$5,972	$0	$8,472
JAMES HOWELL	VICE PRESIDE	3.50	Officer Director	$2,750	$0	$5,234

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
2024	No data	No data	No data	No data
2023	$1,675,864	$2,101,096	$2,071,135	$-425,232
2022	$796,233	$2,330,704	$2,566,312	$-1,534,471
2021	$2,281,451	$2,605,077	$3,564,600	$-323,626
2020	$3,814,185	$2,812,231	$3,884,587	$1,001,954

SKYWATCH TV CORPORATION