WJCT INC (EIN 590711482) - 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

1958

Legal Domicile

Principal Officer

DAVID MCGOWAN

Phone

9043586321

Tax Period

2023-10-01 to 2024-09-30

WJCT INC, founded in 1958, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 16% operating margin.

Mission

WJCT IS THE COMMUNITY-OWNED AND OPERATED PUBLIC MEDIA ORGANIZATION SERVING JACKSONVILLE AND THE FIRST COAST SINCE 1958, USING TELEVISION, RADIO, DIGITAL MEDIA, AND LIVE EVENTS TO HELP COMMUNITY MEMBERS LEARN, SHARE, AND GROW.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,243,009

Program Service Revenue $1,419,132

Investment Income $307,369

Other Revenue $626,695

TOTAL REVENUE $11,596,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,235,963

Fundraising Expenses $1,404,865

Program Expenses $7,273,204

Other Expenses $4,426,820

TOTAL EXPENSES $9,695,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,596,205	$9,580,629	+0.2%
Expenses	$9,695,038	$9,157,111	+0.1%
Net Income	$1,901,167	$423,518	+3.5%

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

$455,933

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABEL HARDING	TREASURER UNTIL 4/2024	1.00	Officer Director	$0	$0	$0
ANNE MADSEN	TREASURER AS OF 4/2024	1.00	Officer Director	$0	$0	$0
ASGHAR SYED	TRUSTEE	1.00	Director	$0	$0	$0
BILL HENDRICH	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
BRIAN BUSH	TRUSTEE	1.00	Director	$0	$0	$0
DEBBIE BUCKLAND	TRUSTEE	1.00	Director	$0	$0	$0
FARLEY KERN	CHAIR	1.00	Officer Director	$0	$0	$0
FRANK DENTON	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE MAXEY	TRUSTEE	1.00	Director	$0	$0	$0
GREG ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
KAREN FEAGINS	TRUSTEE	1.00	Director	$0	$0	$0
KIA WARREN	TRUSTEE	1.00	Director	$0	$0	$0
KIMMIE WINSTON	TRUSTEE	1.00	Director	$0	$0	$0
LATANYA WYNN-HALL	TRUSTEE UNTIL 2/2024	1.00	Director	$0	$0	$0
LAWSIKIA HODGES	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA BAKER	TRUSTEE	1.00	Director	$0	$0	$0
NEERA SHETTY	TRUSTEE	1.00	Director	$0	$0	$0
DAN FOLEY	TRUSTEE AS OF 9/2024	1.00	Director	$0	$0	$0
DAVID LOEB	TRUSTEE AS OF 9/2024	1.00	Director	$0	$0	$0
PATTI MCELROY	TRUSTEE AS OF 9/2024	1.00	Director	$0	$0	$0
JERRY WILSON	TRUSTEE AS OF 9/2024	1.00	Director	$0	$0	$0
ANTHONY ALICEA	VP & COO JCT SERVICES	40.00	Officer	$146,752	$22,065	$168,817
CARLOS SEMIDEI	SECRETARY	40.00	Officer	$48,985	$1,625	$50,610
DAVID MCGOWAN	PRESIDENT & CEO	40.00	Officer	$219,922	$16,584	$236,506
GERALDINE CIRILLO	SENIOR VP & COO	40.00	Highest	$148,942	$17,908	$166,850

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	$11,596,205	$9,695,038	$16,216,428	$1,901,167
2023	$9,580,629	$9,157,111	$14,159,861	$423,518
2022	$9,951,929	$8,668,438	$13,491,547	$1,283,491
2021	$9,727,343	$7,834,147	$12,343,309	$1,893,196
2020	$8,975,605	$7,487,838	$11,783,868	$1,487,767
2019	$7,869,562	$6,887,452	$9,117,733	$982,110
2018	$6,704,987	$6,104,552	$8,164,990	$600,435

WJCT INC