THE AMERICAN FILM INSTITUTE

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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

1967

Legal Domicile

Principal Officer

LANG FREDRICKSON

Phone

3238568429

Tax Period

2024-07-01 to 2025-06-30

THE AMERICAN FILM INSTITUTE, founded in 1967, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $40.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $38.7M left a modest 4% surplus.

Mission

THE AMERICAN FILM INSTITUTE ("AFI") IS A NATIONAL INSTITUTE PROVIDING LEADERSHIP IN SCREEN EDUCATION AND THE RECOGNITION AND CELEBRATION OF EXCELLENCE IN THE ART OF FILM, TELEVISION AND DIGITAL MEDIA.

Program Service Accomplishments

Program 1

Expenses: $21,771,305 Revenue: $19,548,691

EDUCATION AND TRAINING: -AFI CONSERVATORY: THIS WORLD-RENOWNED FILM CONSERVATORY IS DEVOTED EXCLUSIVELY TO HANDS-ON LEARNING IN COLLABORATION WITH MASTER FILMMAKERS. OFFERING A TWO-YEAR ACCREDITED...

EDUCATION AND TRAINING: -AFI CONSERVATORY: THIS WORLD-RENOWNED FILM CONSERVATORY IS DEVOTED EXCLUSIVELY TO HANDS-ON LEARNING IN COLLABORATION WITH MASTER FILMMAKERS. OFFERING A TWO-YEAR ACCREDITED MFA PROGRAM, DEGREES ARE GRANTED IN SIX FILMMAKING DISCIPLINES - CINEMATOGRAPHY, DIRECTING, EDITING, PRODUCING, PRODUCTION DESIGN AND SCREENWRITING. THE AFI CONSERVATORY'S EXTRAORDINARY ALUMNI TESTIFY TO THE VALUE OF THE EXPERIENCE. -AFI DWW+ IS A PIONEERING TUITION-FREE YEAR-LONG DIRECTING PROGRAM, OPEN TO ALL APPLICANTS, THAT SUPPORTS EMERGING NARRATIVE FILMMAKERS THROUGH THE PRODUCTION CYCLE OF A SHORT FILM, PROVIDING HANDS-ON INSTRUCTION LED BY INDUSTRY EXPERTS. THE PROGRAM IS ONE OF THE FIRST OF ITS KIND TO CHAMPION TRADITIONALLY UNDERREPRESENTED FILMMAKERS.

Program 2

Expenses: $6,293,043 Revenue: $3,063,775

SCHOLARSHIP GRANTS 1,641,155. INVESTMENT EXPENSE 97,181. BANK FEES 4,792.

Program 3

Expenses: $2,436,817 Revenue: $2,024,451

NATIONAL PROGRAMS: -AFI LIFE ACHIEVEMENT AWARD: ESTABLISHED IN 1973, THIS WAS THE FIRST AWARD TO RECOGNIZE A FILM ARTIST'S BODY OF WORK THAT HAS "STOOD THE TEST OF TIME". IT REMAINS THE HIGHEST HONOR FOR A CAREER IN FILM. -AFI AWARDS (REVENUES & EXPENSES INCLUDED UNDER SPECIAL EVENTS): AN ALMANAC FOR THE 21ST CENTURY, AFI AWARDS RECORDS AND PRESERVES AMERICA'S CULTURAL LEGACY BY HONORING EXCELLENCE IN THE MOVING IMAGE ARTS. IT IS THE ONLY FORM OF NATIONAL RECOGNITION THAT ACKNOWLEDGES THE COLLABORATIVE NATURE OF FILM AND TELEVISION BY HONORING THE CREATIVE ENSEMBLES AS A WHOLE.

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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 $12,825,520

Program Service Revenue $24,636,917

Investment Income $2,930,540

Other Revenue $-216,475

TOTAL REVENUE $40,176,502

Expense Breakdown

Grants Paid $2,326,249

Salaries & Benefits $22,108,865

Fundraising Expenses $3,361,553

Program Expenses $31,344,471

Other Expenses $14,259,936

TOTAL EXPENSES $38,741,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,176,502	$35,259,014	+0.1%
Expenses	$38,741,050	$37,461,757	+0.0%
Net Income	$1,435,452	$-2,202,743	-1.7%

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

647

Volunteers

1000

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

$1,645,214

Total Directors

$1,032,227

Key Employees

$1,364,798

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GAZZALE	PRESIDENT & CEO	40.00	Officer Director	$1,016,789	$15,438	$1,032,227
KATHLEEN KENNEDY	CHAIR, BOARD OF TRUSTEES	10.00	Officer Director	$0	$0	$0
ROBERT A DALY	CHAIR, BOARD OF DIRECTORS	10.00	Officer Director	$0	$0	$0
JON AVNET	VICE CHAIR, BOARD OF TRUST	5.00	Officer Director	$0	$0	$0
RICHARD FRANK	VICE CHAIR, BOARD OF TRUST	5.00	Officer Director	$0	$0	$0
MARSHALL HERSKOVITZ	VICE CHAIR, BOARD OF TRUST	5.00	Officer Director	$0	$0	$0
EDWARD ZWICK	VICE CHAIR, BOARD OF TRUST	5.00	Officer Director	$0	$0	$0
PAMELA ABDY	TRUSTEE	1.00	Director	$0	$0	$0
CRIS ABREGO	TRUSTEE	1.00	Director	$0	$0	$0
WYLIE A AITKEN ESQ	TRUSTEE	1.00	Director	$0	$0	$0
JEANINE BASINGER	TRUSTEE	1.00	Director	$0	$0	$0
ALAN BERGMAN	TRUSTEE	1.00	Director	$0	$0	$0
HALLE BERRY	TRUSTEE	1.00	Director	$0	$0	$0
GARY BIRKENBEUEL	TRUSTEE	1.00	Director	$0	$0	$0
JIM BREYER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES L BROOKS	TRUSTEE	1.00	Director	$0	$0	$0
CHARLIE COLLIER	TRUSTEE	1.00	Director	$0	$0	$0
ARIANA DEBOSE	TRUSTEE	1.00	Director	$0	$0	$0
FRAN DRESCHER	TRUSTEE	1.00	Director	$0	$0	$0
AVA DUVERNAY	TRUSTEE	1.00	Director	$0	$0	$0
NANCY COLLINS FISHER	TRUSTEE	1.00	Director	$0	$0	$0
LESLI LINKA GLATTER	TRUSTEE	1.00	Director	$0	$0	$0
BONNIE HAMMER	TRUSTEE	1.00	Director	$0	$0	$0
DR CARLA D HAYDEN	TRUSTEE	1.00	Director	$0	$0	$0
MIKE HOPKINS	TRUSTEE	1.00	Director	$0	$0	$0
ALAN HORN	TRUSTEE	1.00	Director	$0	$0	$0
LISA P JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
PATTY JENKINS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL B JORDAN	TRUSTEE	1.00	Director	$0	$0	$0
ZACH KITCHKE	TRUSTEE	1.00	Director	$0	$0	$0
DONNA LANGLEY	TRUSTEE	1.00	Director	$0	$0	$0
DEBRA L LEE	TRUSTEE	1.00	Director	$0	$0	$0
LORI LEE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LINDE	TRUSTEE	1.00	Director	$0	$0	$0
EVA LONGORIA	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN LOURD	TRUSTEE	1.00	Director	$0	$0	$0
LORI MCCREARY	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN MILLER	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD JAMES OLMOS	TRUSTEE	1.00	Director	$0	$0	$0
SHONDA RHIMES	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES RIVKIN	TRUSTEE	1.00	Director	$0	$0	$0
JAY ROACH	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN ROBBINS	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA SAPAN	TRUSTEE	1.00	Director	$0	$0	$0
TED SARANDOS	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS SILBERMANN	TRUSTEE	1.00	Director	$0	$0	$0
OCTAVIA SPENCER	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN SPIELBERG	TRUSTEE	1.00	Director	$0	$0	$0
MEREDITH STIEHM	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY VINCIQUERRA	TRUSTEE	1.00	Director	$0	$0	$0
TODD WAGNER	TRUSTEE	1.00	Director	$0	$0	$0
JANET YANG	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE STEVENS JR	TRUSTEE	1.00	Director	$0	$0	$0
JEAN PICKER FIRSTENBERG	TRUSTEE	1.00	Director	$0	$0	$0
LANG FREDRICKSON	CFO	40.00	Officer	$378,323	$40,480	$418,803
TODD HITCHCOCK	DIR. AFI SILVER	40.00	Officer	$173,115	$21,069	$194,184
P JOHN BURKE	SECRETARY	5.00	Officer	$0	$0	$0
SUSAN RUSKIN	EX. VP & DEAN OF CONSERVATORY	40.00	Key Emp	$485,723	$28,659	$514,382
JULI GOODWIN ROGINSON	CHIEF COMMUNICATIONS OFFICER	40.00	Key Emp	$288,972	$45,975	$334,947
ROSCHOUNE DAY	CHIEF RESOURCE OFFICER	40.00	Key Emp	$295,469	$13,051	$308,520
CYNTHIA CHYR	SR. DIR ADVANCEMENT	40.00	Key Emp	$187,724	$19,225	$206,949
CHRISTOPHER MERRILL	SR. DIR AFI PRODUCTIONS	40.00	Highest	$169,201	$17,414	$186,615
JANICE SAN JOSE	CONTROLLER	40.00	Highest	$163,149	$7,417	$170,566
STEPHEN LIGHTHILL	DISCIPLINE HEAD, CINEMATOG	40.00	Highest	$158,871	$7,316	$166,187
LIANNE HALFON	DISCIPLINE HEAD, PRODUCING	40.00	Highest	$158,078	$7,388	$165,466
BENJAMIN PROCTER	SR. DIR BUS & LEGAL AFFAIRS	40.00	Highest	$159,619	$7,082	$166,701

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	$40,176,502	$38,741,050	$64,586,565	$1,435,452
2024	No data	No data	No data	No data
2023	$39,747,123	$34,798,231	$64,903,355	$4,948,892
2022	$37,974,963	$36,377,369	$53,743,906	$1,597,594
2021	$40,403,671	$29,705,321	$61,308,139	$10,698,350
2020	$30,300,787	$30,473,165	$47,435,050	$-172,378
2019	$33,848,816	$33,897,432	$44,376,703	$-48,616
2018	$33,409,613	$32,581,376	$43,349,458	$828,237