NORCAM INC (EIN 870813246) - 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

2008

Legal Domicile

Principal Officer

JEAN SHAPLEIGH

Phone

9786640501

Tax Period

2023-01-01 to 2023-12-31

NORCAM INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $360K in total revenue in fiscal year 2023. Expenses of $339K left a modest 6% surplus.

Mission

OPERATE PUBLIC ACCESS TELEVISION FOR THE TOWN OF NORTH READING

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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 $0

Program Service Revenue $354,712

Investment Income $5,337

Other Revenue $0

TOTAL REVENUE $360,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,503

Fundraising Expenses $0

Program Expenses $293,464

Other Expenses $115,025

TOTAL EXPENSES $338,528

Year-over-Year Comparison

	2023	2022	Change
Revenue	$360,049	$378,043	0.0%
Expenses	$338,528	$325,069	+0.0%
Net Income	$21,521	$52,974	-0.6%

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

Total Directors

$63

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DOUCETTE	PRESIDENT	5.00	Officer Director	$0	$0	$0
AGATHA MARANO	SECRETARY	2.00	Officer Director	$0	$0	$0
JEAN SHAPLEIGH	TREASURER	3.00	Officer Director	$0	$0	$0
MARTIN DICKMAN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM EAMES	DIRECTOR	2.00	Director	$63	$0	$63
MICHAEL SCANNELL	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$360,049	$338,528	$1,278,930	$21,521
2022	$378,043	$325,069	$1,271,423	$52,974
2021	$378,920	$297,872	$1,255,836	$81,048
2020	$391,053	$292,456	$1,218,932	$98,597
2019	$408,753	$305,912	$1,157,463	$102,841
2018	$362,354	$302,053	$861,003	$60,301

NORCAM INC