ICATHOLIC MEDIA INC

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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

1962

Legal Domicile

Principal Officer

BISHOP ROBERT REED

Phone

6179230220

Tax Period

2024-07-01 to 2025-06-30

ICATHOLIC MEDIA INC, founded in 1962, is a mid-sized nonprofit in the Religion sector that reported $20.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.2M, a strong 36% operating margin.

Mission

UTILIZING POWERFUL TECHNOLOGY, WE STRIVE TO CONNECT PEOPLE OF FAITH THROUGH RELEVANT, INSPIRING AND PRAYERFUL PROGRAMMING WE ENDEAVOR TO TEACH THE WISDOM OF GOD IN THE CATHOLIC TRADITION AND MOVE PEOPLE OF ALL AGES AND FROM DIVERSE SITUATIONS TOWARD THE FULLNESS OF LIFE

Program Service Accomplishments

Program 1

Expenses: $6,289,149 Revenue: $7,380,698

PROVIDED EDUCATIONAL AND RELIGIOUS PROGRAMMING ON TELEVISION.

Program 2

Expenses: $3,088,664 Revenue: $3,893,239

PROVIDED PUBLICATIONS/NEWS MEDIA TO THE ROMAN CATHOLIC COMMUNITY

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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 $7,664,238

Program Service Revenue $11,273,937

Investment Income $1,210,748

Other Revenue $0

TOTAL REVENUE $20,148,923

Expense Breakdown

Grants Paid $413,501

Salaries & Benefits $5,452,706

Fundraising Expenses $320,788

Program Expenses $9,377,813

Other Expenses $7,096,277

TOTAL EXPENSES $12,962,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,148,923	$18,048,183	+0.1%
Expenses	$12,962,484	$11,849,034	+0.1%
Net Income	$7,186,439	$6,199,149	+0.2%

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

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

$61,151

Total Directors

Key Employees

$251,254

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV BRIAN KIELY	TRUSTEE	0.20	Director	$0	$0	$0
SISTER MARIAN BATHO CSJ	TRUSTEE	0.20	Director	$0	$0	$0
SCOTT WAHLE	TRUSTEE	0.20	Director	$0	$0	$0
ANNE HYNES	TRUSTEE	0.20	Director	$0	$0	$0
REV WALTER CARREIRO	TRUSTEE	0.20	Director	$0	$0	$0
R STEPHEN BARRETT	TRUSTEE	0.20	Director	$0	$0	$0
MR JOHN DELLA VOLPE	TRUSTEE	0.20	Director	$0	$0	$0
REV RICHARD CLANCY	TRUSTEE	0.20	Director	$0	$0	$0
JOHN CORCORAN	TRUSTEE, BOARD CHAIR	0.20	Officer Director	$0	$0	$0
JOHN DEMATTEO	TRUSTEE	0.20	Director	$0	$0	$0
MOST REV ARTHUR L KENNEDY	TRUSTEE	0.20	Director	$0	$0	$0
GABRIEL NICOLAU	TRUSTEE	0.20	Director	$0	$0	$0
ROBERT ALLARD	TRUSTEE	0.20	Director	$0	$0	$0
PETER KAMINSKI	PRODUCTION DIRECTOR	40.00	Director	$0	$0	$0
N/A	CORPORATE MEMBER	0.20		$0	$0	$0
N/A	CORPORATE MEMBER	0.20		$0	$0	$0
N/A	CORPORATE MEMBER	0.20		$0	$0	$0
BISHOP ROBERT REED	PRESIDENT & CEO,TREASURER	40.00	Officer	$37,138	$24,013	$61,151
JAMES FADDEN	SECRETARY/GENERAL MANAGER	40.00	Key Emp	$218,208	$33,046	$251,254
RICHARD MOSLEY	OPERATIONS AND FINANCE	40.00	Highest	$201,136	$24,678	$225,814
KENNETH ROMANO	BULLETIN SALES DIRECTOR	40.00	Highest	$160,975	$30,496	$191,471
MARK QUELLA	CHEIF ENGINEER	40.00	Highest	$188,840	$17,800	$206,640
ANTONIO ENRIQUE	PRESIDENT, PILOT MEDIA GRO	40.00	Highest	$150,892	$30,031	$180,923
DANIEL TYRELL	IT SECURITY	40.00	Highest	$144,454	$0	$144,454

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
2025	$20,148,923	$12,962,484	$84,459,980	$7,186,439
2024	$18,048,183	$11,849,034	$75,564,225	$6,199,149
2023	$14,453,366	$10,952,694	$67,380,814	$3,500,672
2022	$14,295,555	$9,910,754	$61,629,216	$4,384,801
2021	$14,794,099	$8,753,940	$62,953,142	$6,040,159
2020	$12,893,105	$8,748,282	$52,468,737	$4,144,823
2019	$11,584,935	$8,682,725	$48,410,850	$2,902,210