INDEPENDENT TELEVISION SERVICES INC (EIN 521654276) - 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

1989

Legal Domicile

Principal Officer

VAN SOOHOO

Phone

4153568383

Tax Period

2023-10-01 to 2024-09-30

INDEPENDENT TELEVISION SERVICES INC, founded in 1989, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $22.6M in total revenue in fiscal year 2023. Expenses of $25.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

ENHANCE THE DIVERSITY AND INNOVATIVENESS OF TELEVISION PROGRAMMING AVAILABLE TO PUBLIC BROADCASTING

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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 $22,083,000

Program Service Revenue $190,182

Investment Income $374,548

Other Revenue $0

TOTAL REVENUE $22,647,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,502,553

Fundraising Expenses $475,575

Program Expenses $23,207,292

Other Expenses $16,380,314

TOTAL EXPENSES $25,882,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,647,730	$21,292,564	+0.1%
Expenses	$25,882,867	$22,379,481	+0.2%
Net Income	$-3,235,137	$-1,086,917	+2.0%

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

$794,514

Total Directors

$476,662

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE LOZANO	President & CEO	40.00	Officer Director	$335,000	$16,750	$351,750
JAMES SOMMERS	SR. VP CONTENT	40.00		$225,741	$11,287	$237,028
PAMM HIGGINS	SENIOR VP	40.00		$223,144	$9,391	$232,535
LISA TAWIL	VP MAR.&COMMUNICA	40.00		$196,903	$9,845	$206,748
ROYD CHUNG	VP OF PRODUCTION	40.00		$196,903	$9,845	$206,748
MAGNUS RUBIN	DIR., TECHNOLOGY	40.00		$179,012	$8,950	$187,962
VAN SOOHOO	Controller	40.00	Officer	$171,012	$8,553	$179,565
JOHN CHENG	CFO	40.00	Officer	$138,287	$0	$138,287
JANICE HUI	COO	40.00	Officer Director	$124,912	$0	$124,912
GARRY DENNY	Chairman	1.00	Officer Director	$0	$0	$0
SHARESE BULLOCK-BAILEY	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
BETH CURLEY	Board Member	1.00	Director	$0	$0	$0
MARGARET WILKERSON	Board Member	1.00	Director	$0	$0	$0
BATHSEBA J MALSHEEN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA AUFDERHEIDE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON LA CRUISE	Secretary	1.00	Officer Director	$0	$0	$0
LISA CORTES	board member	1.00	Director	$0	$0	$0
ANDREW DE VIGAL	BOARD MEMBER	1.00	Director	$0	$0	$0
DELIDA COSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MALINDA MAYNOR LOWERY	BOARD MEMBER	1.00	Director	$0	$0	$0
GITA SAEDI KIELY	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$22,647,730	$25,882,867	$34,575,843	$-3,235,137
2023	$21,292,564	$22,379,481	$37,694,850	$-1,086,917
2023	$21,292,564	$22,379,481	$37,694,850	$-1,086,917
2022	$27,059,491	$20,369,720	$36,432,054	$6,689,771
2021	$24,197,338	$22,889,011	$30,120,260	$1,308,327
2020	$22,406,277	$24,052,763	$27,200,470	$-1,646,486
2019	$24,624,412	$20,761,424	$26,959,435	$3,862,988
2018	$20,897,394	$20,344,812	$23,465,291	$552,582

INDEPENDENT TELEVISION SERVICES INC