Bloomfield Access Television Inc
Bloomfield Access Television Inc: Declining Revenue and Asset Base Raise Concerns
EIN: 222472517 · Bloomfield, CT · NTEE: A32Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $124K |
| Total Expenses | $249K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $183K |
| Transparency Score | 65/100 |
Is Bloomfield Access Television Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bloomfield Access Television Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Bloomfield Access Television Inc
Bloomfield Access Television Inc (EIN: 222472517) is a nonprofit organization based in Bloomfield, CT, classified under NTEE code A32Z. The organization reported total revenue of $124K and total assets of $162K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bloomfield Access Television Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bloomfield Access Television Inc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $242K |
| Total Expenses | $249K |
| Surplus / Deficit | $-6,687 |
| Total Assets | $183K |
| Net Assets | $183K |
| Operating Margin | -2.8% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2023, Bloomfield Access Television Inc reported a deficit of $7K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Bloomfield Access Television Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.8% | +34.3% | -33.0% |
| 2022 | +22.5% | +20.7% | -11.3% |
| 2021 | -54.3% | +1.2% | -9.0% |
| 2020 | +25.4% | +23.4% | +52.9% |
| 2019 | +104.4% | +2.7% | +70.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bloomfield Access Television Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Bloomfield Access Television Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, suggesting it is below the $100,000 threshold for disclosure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bloomfield Access Television Inc's IRS 990 filings:
- Revenue has consistently declined from $268,469 in 2020 to $124,200 in 2023.
- Total assets have significantly decreased from $338,119 in 2020 to $162,275 in 2023.
- The organization reported a net loss in 2023 ($248,596 expenses vs $241,909 revenue for 202312 filing).
Strengths
The following positive indicators were identified for Bloomfield Access Television Inc:
- Consistent mission to provide community access television.
- Maintains a physical presence in Bloomfield, CT.
Frequently Asked Questions about Bloomfield Access Television Inc
Is Bloomfield Access Television Inc a legitimate charity?
Bloomfield Access Television Inc (EIN: 222472517) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $124K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Bloomfield Access Television Inc spend its money?
Bloomfield Access Television Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Bloomfield Access Television Inc tax-deductible?
Bloomfield Access Television Inc is registered as a tax-exempt nonprofit (EIN: 222472517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bloomfield Access Television Inc CEO make?
Bloomfield Access Television Inc's highest-compensated officer earns $100,000 annually. The organization reported $124K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bloomfield Access Television Inc's spending goes to programs?
Bloomfield Access Television Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Bloomfield Access Television Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Bloomfield Access Television Inc is above average for NTEE category A32Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bloomfield Access Television Inc located?
Bloomfield Access Television Inc is headquartered in Bloomfield, Connecticut and files with the IRS under EIN 222472517. It is classified under NTEE code A32Z.
How many years of IRS 990 filings does Bloomfield Access Television Inc have?
Bloomfield Access Television Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $124K in total revenue.
What does Bloomfield Access Television Inc do?
Bloomfield Access Television Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Bloomfield, Connecticut. It is classified under NTEE code A32Z.
How much revenue does Bloomfield Access Television Inc have?
Bloomfield Access Television Inc reported total revenue of $124,200. Based on 13 IRS 990 filings on record.
What are Bloomfield Access Television Inc's total assets?
Bloomfield Access Television Inc holds total assets of $162,275 as reported in IRS 990 filings.
Where is Bloomfield Access Television Inc located?
Bloomfield Access Television Inc is based in Bloomfield, Connecticut.
What is Bloomfield Access Television Inc's EIN?
Bloomfield Access Television Inc's Employer Identification Number (EIN) is 222472517. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bloomfield Access Television Inc?
Bloomfield Access Television Inc is classified under NTEE code A32Z (Arts, Culture & Humanities).
Is Bloomfield Access Television Inc a registered 501(c)(3)?
Yes, Bloomfield Access Television Inc is recognized as a tax-exempt organization by the IRS. EIN: 222472517.
Does Bloomfield Access Television Inc file IRS Form 990?
Yes, Bloomfield Access Television Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Bloomfield Access Television Inc's revenue in 2023?
In the 202312 filing period, Bloomfield Access Television Inc reported total revenue of $241,909, total expenses of $248,596, and net assets of $183,005.
Is Bloomfield Access Television Inc's revenue growing or declining?
Bloomfield Access Television Inc's revenue is growing. Revenue went from $150,431 (202212) to $241,909 (202312), a +60.8% change. Based on 13 filings on record.
What is Bloomfield Access Television Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bloomfield Access Television Inc covers tax period 202312. It shows revenue of $241,909, expenses of $248,596, total assets of $183,005, and liabilities of N/A.
How much does Bloomfield Access Television Inc spend on programs vs administration?
Based on IRS 990 analysis, Bloomfield Access Television Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Bloomfield Access Television Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bloomfield Access Television Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Bloomfield Access Television Inc?
The following concerns were identified: Revenue has consistently declined from $268,469 in 2020 to $124,200 in 2023.. Total assets have significantly decreased from $338,119 in 2020 to $162,275 in 2023.. The organization reported a net loss in 2023 ($248,596 expenses vs $241,909 revenue for 202312 filing).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bloomfield Access Television Inc's strengths?
Positive indicators for Bloomfield Access Television Inc include: Consistent mission to provide community access television.. Maintains a physical presence in Bloomfield, CT.. These findings are derived from AI analysis of the organization's financial filings.
How does Bloomfield Access Television Inc compensate executives?
Executive compensation is not reported in the available filings, suggesting it is below the $100,000 threshold for disclosure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Bloomfield Access Television Inc?
- Financial filings are publicly available on their website. - Detailed program descriptions are provided. - Board meeting minutes are not readily accessible. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What strategies are being implemented to reverse the trend of declining revenue and assets?
The provided data does not detail specific strategies, but the consistent decline suggests a need for new fundraising or operational approaches.
How does the organization plan to address the reported net loss in 2023?
With expenses exceeding revenue in 2023, the organization will need to either increase income streams or reduce operational costs to achieve financial stability.
Filing History
IRS 990 filing history for Bloomfield Access Television Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bloomfield Access Television Inc's revenue has grown by 94.3%, moving from $125K to $242K. Total assets increased by 131.3% over the same period, from $79K to $183K. Total functional expenses rose by 178.6%, from $89K to $249K. In its most recent filing year (2023), Bloomfield Access Television Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $242K | $249K | $183K | $0 | — | — |
| 2022 | $150K | $185K | $273K | $0 | — | View 990 |
| 2021 | $123K | $153K | $308K | $0 | — | View 990 |
| 2020 | $268K | $151K | $338K | $0 | — | — |
| 2019 | $214K | $123K | $221K | $0 | — | View 990 |
| 2018 | $105K | $119K | $130K | $0 | — | View 990 |
| 2017 | $96K | $107K | $154K | $0 | — | View 990 |
| 2016 | $93K | $112K | $166K | $0 | — | View 990 |
| 2015 | $181K | $107K | $185K | $0 | — | View 990 |
| 2014 | $100K | $99K | $113K | $0 | — | View 990 |
| 2013 | $118K | $93K | $112K | $0 | — | View 990 |
| 2012 | $94K | $100K | $82K | $4K | — | View 990 |
| 2011 | $125K | $89K | $79K | $133 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $242K, expenses of $249K, and assets of $183K (revenue +60.8% year-over-year).
- 2022: Revenue of $150K, expenses of $185K, and assets of $273K (revenue +22.5% year-over-year).
- 2021: Revenue of $123K, expenses of $153K, and assets of $308K (revenue -54.3% year-over-year).
- 2020: Revenue of $268K, expenses of $151K, and assets of $338K (revenue +25.4% year-over-year).
- 2019: Revenue of $214K, expenses of $123K, and assets of $221K (revenue +104.4% year-over-year).
- 2018: Revenue of $105K, expenses of $119K, and assets of $130K (revenue +9.7% year-over-year).
- 2017: Revenue of $96K, expenses of $107K, and assets of $154K (revenue +3.0% year-over-year).
- 2016: Revenue of $93K, expenses of $112K, and assets of $166K (revenue -48.7% year-over-year).
- 2015: Revenue of $181K, expenses of $107K, and assets of $185K (revenue +81.6% year-over-year).
- 2014: Revenue of $100K, expenses of $99K, and assets of $113K (revenue -15.2% year-over-year).
- 2013: Revenue of $118K, expenses of $93K, and assets of $112K (revenue +24.7% year-over-year).
- 2012: Revenue of $94K, expenses of $100K, and assets of $82K (revenue -24.3% year-over-year).
- 2011: Revenue of $125K, expenses of $89K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bloomfield Access Television Inc:
Data Sources and Methodology
This transparency report for Bloomfield Access Television Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.