THURSTON COMMUNITY TELEVISION

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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

1983

Principal Officer

MEAGAN MURPHY ROSS

Phone

3609563100

Tax Period

2024-01-01 to 2024-12-31

THURSTON COMMUNITY TELEVISION, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $204K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $627K exceeded revenue, resulting in a 207% operating deficit.

Mission

NON-COMMERCIAL MEDIA SERVICES AND PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $213,284 Revenue: $67,831

PRODUCTION SERVICES - TCTV PROVIDES CREATIVE AND TECHNICAL STAFF NECESSARY TO PRODUCE NON-COMMERCIAL VIDEO PROGRAMMING FRO SCHOOLS, NONPROFIT AGENCIES AND GOVERNMENTAL ENTITIES. WE CREATE UNIQUE...

PRODUCTION SERVICES - TCTV PROVIDES CREATIVE AND TECHNICAL STAFF NECESSARY TO PRODUCE NON-COMMERCIAL VIDEO PROGRAMMING FRO SCHOOLS, NONPROFIT AGENCIES AND GOVERNMENTAL ENTITIES. WE CREATE UNIQUE PROGRAMS FOR OUR CLIENTS INCLUDING GOVERNMENT MEETINGS, COMMUNITY EVENTS AND CULTURAL PUBLIC AFFAIRS PROGRAMMING.

Program 2

Expenses: $150,552 Revenue: $22,300

MEDIA EDUCATION & EQUIPMENT RESOURCES - TCTV PROVIDES MEDIA PRODUCTION WORKSHOPS FOR RESIDENTS AND ORGANIZATIONS IN THE SERVICE AREA. WE OFFERED WORKSHOPS AND CERTIFIED INDIVIDUALS TO USE OUR...

MEDIA EDUCATION & EQUIPMENT RESOURCES - TCTV PROVIDES MEDIA PRODUCTION WORKSHOPS FOR RESIDENTS AND ORGANIZATIONS IN THE SERVICE AREA. WE OFFERED WORKSHOPS AND CERTIFIED INDIVIDUALS TO USE OUR EQUIPMENT AND FACILITIES TO PRODUCE VIDEO PROGRAMMING. ADDITIONALLY WE HELD SUMMER CAMPS ATTENDED BY YOUTH AGES 8-16. TCTV MAKES EQUIPMENT AVAILABLE TO TRAINED MEMBERS.

Program 3

Expenses: $75,276

CABLE SYSTEM CHANNEL MANAGEMENT - TCTV IS THE ONLY LOCAL TELEVISION RESOURCE IN GREATER THURSTON COUNTY, WA. WE MANAGE FOUR LOCAL CABLE CHANNELS IN THE PUBLIC INTEREST. OUR PUBLIC, EDUCATIONAL...

CABLE SYSTEM CHANNEL MANAGEMENT - TCTV IS THE ONLY LOCAL TELEVISION RESOURCE IN GREATER THURSTON COUNTY, WA. WE MANAGE FOUR LOCAL CABLE CHANNELS IN THE PUBLIC INTEREST. OUR PUBLIC, EDUCATIONAL, GOVERNMENTAL (PEG) ACCESS CHANNELS CARRY PROGRAMS PRODUCED BY LOCAL RESIDENTS, ORGANIZATIONS, GOVERNMENT AGENCIES AND SCHOOLS.

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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 $95,042

Program Service Revenue $90,131

Investment Income $15,238

Other Revenue $3,795

TOTAL REVENUE $204,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $383,035

Fundraising Expenses $12,547

Program Expenses $508,113

Other Expenses $244,268

TOTAL EXPENSES $627,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,206	$940,027	-0.8%
Expenses	$627,303	$908,017	-0.3%
Net Income	$-423,097	$32,010	-14.2%

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

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

$121,526

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH VINSEL	CEO	40.00	Officer	$72,850	$0	$72,850
MARTHA CORREA	DIRECTOR	40.00	Officer	$48,028	$0	$48,028
TAMARA ERAZO	DIRECTOR	40.00	Officer	$648	$0	$648
MOLLY AINSELY	BOARD MEMBER	1.50	Director	$0	$0	$0
MARY BETH HARRINGTON	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
SARA KEMP	BOARD MEMBER	1.50	Director	$0	$0	$0
SAVANNA VAN LEUVAN	BOARD MEMBER	1.50	Director	$0	$0	$0
ARNE MORGAN	SECRETARY	1.50	Officer Director	$0	$0	$0
JOE NEAL	TREASURER	1.50	Officer Director	$0	$0	$0
EMMETT O'CONNELL	BOARD MEMBER	1.50	Director	$0	$0	$0
MEAGAN MURPHY ROSS	PRESIDENT	1.50	Officer 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	$204,206	$627,303	$701,722	$-423,097
2023	$940,027	$908,017	$1,203,761	$32,010
2022	$1,058,279	$910,790	$1,279,162	$147,489
2021	$900,767	$779,889	$756,125	$120,878
2020	$837,346	$719,132	$629,477	$118,214
2019	$839,380	$824,739	$526,825	$14,641
2018	$1,032,044	$707,222	$534,471	$324,822