INDEPENDENT TELEVISION FESTIVAL INC (EIN 204198589) - 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

2006

Legal Domicile

Principal Officer

PHILIP GILPIN JR

Phone

2182080140

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT TELEVISION FESTIVAL INC, founded in 2006, is a small nonprofit in the Education sector that reported $174K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $259K exceeded revenue, resulting in a 49% operating deficit.

Mission

CATALYST IS A CHAMPION OF INDEPENDENT ARTISTS AND A CURATOR OF NARRATIVE STORIES WHOSE MISSION IS TO ADVANCE ARTISTIC CAREERS, AND AUDIO, VISUAL AND LITERARY WORKS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $70,162

Program Service Revenue $101,780

Investment Income $400

Other Revenue $1,685

TOTAL REVENUE $174,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,283

Fundraising Expenses $0

Program Expenses $242,195

Other Expenses $223,653

TOTAL EXPENSES $258,936

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,027	$293,734	-0.4%
Expenses	$258,936	$517,810	-0.5%
Net Income	$-84,909	$-224,076	-0.6%

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

$16,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY KURZ	BOARD MEMBER	1.00	Director	$0	$0	$0
WALTER LEHMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
SOFIA MONROE	BOARD MEMBER	1.00	Director	$0	$0	$0
PRIYANKA PRUTHI	BOARD MEMBER	1.00	Director	$0	$0	$0
ELVIN ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP GILPIN JR	CEO/EXECUTIVE DIRECTOR	50.00	Officer	$16,667	$0	$16,667

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	No data	No data	No data	No data
2023	$174,027	$258,936	$24,870	$-84,909
2022	$293,734	$517,810	$20,204	$-224,076
2021	$279,585	$323,699	$110,754	$-44,114
2020	$205,805	$182,706	$1,554	$23,099
2019	$750,155	$745,873	$62,576	$4,282
2018	$282,990	$252,969	$3,869	$30,021

INDEPENDENT TELEVISION FESTIVAL INC