C-net

Nonprofit profile at a glance

EIN
251578296
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
State College, PA, USA
Phone
8142385031
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Media, Communications Organizations

Reported finances

Revenue
$506,355
Expenses
$458,850
Assets
$707,216
Liabilities
$141,836

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • DON HOLDERMAN (PRESIDENT)
  • EVAN MYERS (VICE PRESIDENT)
  • CINDY HAHN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CINDY HAHN (EXECUTIVE DIRECTOR): $93,412 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

C-net is organized to maintain and operated, on a not-for-profit basis, a government and education access network to inform the public on subjects useful and beneficial to the community via cable television channels and internet communications, and to do all acts incidental to the operation and development of these services.

What it reported doing in 2025

C-net is centre county's government and education access network. It administers two channels, cgtv (channel 7) and cetv (channel 98), along with the website cnet1.org. Our programming ranges from public meetings to high school and psu sports to local festivals and celebrations. A c-net member agency must sponsor each program that airs on the channels. There are currently 17 members: bellefonte area school district, bellefonte borough, centre area transportation authority, centre county government, centre region council of governments, college township, ferguson township, halfmoon township, harris township, parron township, penn state university, schlow centre region library, state college area school district, state college borough, the centre region parks and recreation authority, state college borough water authority, and the university area joint authority.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.7%; rating input score 73
  • Program expense ratio: 82.4%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.4%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 1.54; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 20.4%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 2.9% per year; rating input score 100; 26th percentile among comparable filings

Details

  • Where the money goes: 72.7% of revenue deployed · 82.4% of spending went to programs
  • Governance: 18 of 18 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $378K in reported program spending
  • Leadership: top reported pay $93K · 19 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 55/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.