VICTORY TELEVISION NETWORK INC

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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

2014

Legal Domicile

Principal Officer

H L CALDWELL

Phone

5015375982

Tax Period

2024-01-01 to 2024-12-31

VICTORY TELEVISION NETWORK INC, founded in 2014, is a community nonprofit in the Religion sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 60% operating deficit.

Mission

THE VICTORY TELEVISION NETWORK (VTN) IS A NETWORK OF FULL-POWERED, COMMERICAL TV STATIONS IN ARKANSAS, INCLUDING KVTN-DT IN LITTLE ROCK/PINEBLUFF, KVTH-DT IN HOT SPRINGS AND KVTJ-DT IN JONESBORO. FOUNDED BY PASTORS H. L. AND JEANNE CALDWELL, VTN'S BOLD MISSION HAS ONE SIMPLE OBJECTIVE: TO REACH THE STATE OF ARKANSAS AND SURROUNDING COVERAGE AREAS IN MISSOURI, TENNESSEE AND MISSISSIPPI WITH THE LIFE-CHANGING MESSAGE OF JESUS CHRIST.

Program Service Accomplishments

Program 1

Expenses: $2,711,537 Revenue: $1,263,955

AS THE ONLY CHRISTIAN TELEVISION NETWORK HEADQUARTERED IN ARKANSAS, THE ORGANIZATION'S OBJECTIVE IS TO REACH ACROSS ALL DENOMINATIONAL BARRIERS TO CONNECT ITS AUDIENCE WITH THE GOOD NEWS OF JESUS...

AS THE ONLY CHRISTIAN TELEVISION NETWORK HEADQUARTERED IN ARKANSAS, THE ORGANIZATION'S OBJECTIVE IS TO REACH ACROSS ALL DENOMINATIONAL BARRIERS TO CONNECT ITS AUDIENCE WITH THE GOOD NEWS OF JESUS CHRIST THROUGH THE USE OF MASS COMMUNICATION THROUGH TELEVISION, THE INTERNET, AND DISTRIBUTION OF TEACHING MATERIALS IN THE FORM OF CDS, DVDS, AND OTHER LITERATURE. THE ORGANIZATION'S COVERAGE IS THE ENTIRE STATE OF ARKANSAS, SOUTHEAST MISSOURI, AND WESTERN TENNESSEE.

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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 $742,244

Program Service Revenue $1,251,874

Investment Income $12,081

Other Revenue $0

TOTAL REVENUE $2,006,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,340,762

Fundraising Expenses $74,290

Program Expenses $2,711,537

Other Expenses $1,872,557

TOTAL EXPENSES $3,213,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,006,199	$2,137,178	-0.1%
Expenses	$3,213,319	$3,112,794	+0.0%
Net Income	$-1,207,120	$-975,616	+0.2%

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

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

$84,139

Total Directors

$184,234

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR H LCALDWELL	PRESIDENT	25.00	Officer Director	$84,139	$0	$84,139
REV JEANNE CALDWELL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY S KELEMEN	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
REV JAMES R GRANT	DIRECTOR	40.00	Director	$100,095	$0	$100,095
REV RONNIE CALDWELL	DIRECTOR	0.00	Director	$0	$0	$0
DR REX HORNE	DIRECTOR	0.00	Director	$0	$0	$0
JOHN TURVER	DIRECTOR	0.00	Director	$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
2024	$2,006,199	$3,213,319	$8,703,358	$-1,207,120
2023	$2,137,178	$3,112,794	$9,871,466	$-975,616
2022	$2,289,666	$3,031,707	$10,859,854	$-742,041
2021	$2,438,439	$3,005,505	$11,559,580	$-567,066
2020	$2,480,493	$3,194,912	$11,932,707	$-714,419
2019	$2,119,688	$3,092,472	$12,614,822	$-972,784
2018	$6,638,683	$2,987,963	$14,139,671	$3,650,720