HEC-TV

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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

2016

Legal Domicile

Principal Officer

DENNIS RIGGS

Phone

3145314455

Tax Period

2024-01-01 to 2024-12-31

HEC-TV, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

PROVIDE FOR THE ENCOURAGEMENT, PRODUCTION, AND DISSEMINATION OF EDUCATIONAL, INSTRUCTIONAL, CULTURAL, LITERARY, AND SCIENTIFIC PROGRAMMING VIA MEDIA TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $748,022 Revenue: $60,422

CREATING EDUCATIONAL, INFORMATIONAL, AND INSTRUCTIONAL PROGRAMS, MATERIALS, AND OPPORTUNITIES RELATED TO EDUCATION, ARTS, AND CULTURE FOR DISTRIBUTION VIA ELECTRONIC MEDIA.

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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 $941,376

Program Service Revenue $60,422

Investment Income $2

Other Revenue $0

TOTAL REVENUE $1,001,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,732

Fundraising Expenses $0

Program Expenses $748,022

Other Expenses $839,799

TOTAL EXPENSES $987,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,001,800	$1,083,407	-0.1%
Expenses	$987,531	$1,286,167	-0.2%
Net Income	$14,269	$-202,760	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN WINKELMANN	PRESIDENT	0.50	Officer Director	$0	$0	$0
JAMES MCHUGH	TREASURER	0.50	Officer Director	$0	$0	$0
ANN TERRY JOHNSON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DR RAYMOND WICKS	MEMBER	0.50	Director	$0	$0	$0
JOHN NATIONS	SECRETARY	0.50	Officer Director	$0	$0	$0
DENNIS RIGGS	EXECUTIVE DIRECTOR	20.00	Officer	$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	$1,001,800	$987,531	$53,447	$14,269
2023	$1,083,407	$1,286,167	$56,615	$-202,760
2022	$1,584,638	$1,441,526	$271,201	$143,112
2021	$1,380,049	$1,327,015	$145,200	$53,034