THE MITT TV INC

EIN: 813198469 501(c)(3) Arts, Culture & Humanities

ROMEO, MI

Total Revenue
$169,172
Total Expenses
$274,768
Total Assets
$167,589
Net Assets
$-179,401
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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

Principal Officer
RUTH HEIDEBREICHT
Phone
5862329121
Tax Period
2022-01-01 to 2022-12-31

THE MITT TV INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $169K in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $275K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO STREAM LOCAL GOVERNMENT PROGRAMMING, COMMUNITY ACTIVITIES, AND OTHER LOCAL ITEMS OF INTEREST.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $30,000
Program Service Revenue $139,172
Investment Income $0
Other Revenue $0
TOTAL REVENUE $169,172

Expense Breakdown

Grants Paid $62,690
Salaries & Benefits $3,372
Fundraising Expenses $0
Program Expenses $62,690
Other Expenses $208,706
TOTAL EXPENSES $274,768

Year-over-Year Comparison

2022 2021 Change
Revenue $169,172 $217,788 -0.2%
Expenses $274,768 $206,474 +0.3%
Net Income $-105,596 $11,314 -10.3%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
12

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZINA COSTA INDIVIDUAL T 10.00
Director
$0 $0 $0
RUTH HEIDEBREICHT DIRECTOR 50.00
Director
$0 $0 $0
CHRISTINA MUIR-MURPHY INDIVIDUAL T 10.00
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
2022 $169,172 $274,768 $167,589 $-105,596
2021 $217,787 $189,188 $224,001 $28,599
2021 $217,788 $206,474 $206,716 $11,314
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