THE CALIFORNIA CHANNEL (EIN 954222933) - 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

1991

Legal Domicile

Principal Officer

JOHN HANCOCK

Phone

9164449792

Tax Period

2019-01-01 to 2019-12-31

THE CALIFORNIA CHANNEL, founded in 1991, is a small nonprofit that reported $907K in total revenue in fiscal year 2019. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 83% operating deficit.

Mission

EFFECTIVE APRIL 30, 2019, THE CHANNEL'S BOARD OF DIRECTORS ELECTED TO CEASE OPERATIONS AND THE CHANNEL BEGAN TO WIND DOWN ITS ACTIVITIES. OPERATIONS DISCONTINUED ON OCTOBER 31, 2019. AT THE DATE OF THE FINANCIAL STATEMENTS ISSUANCE, THE CHANNEL WAS COMPLETING ACTIVITIES RELATED TO THE FINAL DISTRIBUTION OF ITS REMAINING ASSETS, IN ACCORDANCE WITH RULES ESTABLISHED BY THE ATTORNEY GENERAL OF CALIFORNIA. THE CHANNEL WILL BE FULLY DISSOLVED BY APRIL OF 2020, WHEREIN, A FINAL 990 WILL BE FILED.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $878,371

Investment Income $27,916

Other Revenue $838

TOTAL REVENUE $907,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $637,424

Fundraising Expenses $0

Program Expenses $696,823

Other Expenses $1,022,685

TOTAL EXPENSES $1,660,109

Year-over-Year Comparison

	2019	2018	Change
Revenue	$907,125	$1,195,107	-0.2%
Expenses	$1,660,109	$1,152,047	+0.4%
Net Income	$-752,984	$43,060	-18.5%

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

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

$307,201

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEL HEINTZ	CHAIR	1.00	Officer Director	$0	$0	$0
GARY SEIDEMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WALTER HUGHES	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLYN MCINTYRE	STATE ASSOC. REP.	1.00	Director	$0	$0	$0
KERI ASKEW BAILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH HESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HANCOCK THRU OCT 2019	PRESIDENT	40.00	Officer	$277,338	$29,863	$307,201

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
2019	$907,125	$1,660,109	$1,711,028	$-752,984
2018	$1,195,107	$1,152,047	$2,542,012	$43,060

THE CALIFORNIA CHANNEL