KENTUCKY EDUCATIONAL TELEVISION FOUNDATION INC (EIN 610722558) - 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

1971

Legal Domicile

Principal Officer

SHAE HOPKINS

Phone

8592587000

Tax Period

2024-07-01 to 2025-06-30

KENTUCKY EDUCATIONAL TELEVISION FOUNDATION INC, founded in 1971, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.9M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

EDUCATE, INSPIRE, INFORM, AND CONNECT KENTUCKY CITIZENS THROUGH THE USE OF PUBLIC MEDIA.

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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 $10,042,057

Program Service Revenue $668,704

Investment Income $184,483

Other Revenue $31,526

TOTAL REVENUE $10,926,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,092,624

Fundraising Expenses $0

Program Expenses $9,706,694

Other Expenses $7,251,854

TOTAL EXPENSES $11,344,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,926,770	$17,143,299	-0.4%
Expenses	$11,344,478	$10,781,336	+0.1%
Net Income	$-417,708	$6,361,963	-1.1%

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

112

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

$1,010,509

Total Directors

$1,850

Key Employees

$590,510

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN GRIFFITH	DIRECTOR	1.00	Director	$200	$0	$650
LEAH MCCORMICK ADKINS	DIRECTOR	1.00	Director	$150	$0	$450
KARYN HOOVER	DIRECTOR	1.00	Director	$200	$0	$450
KEVIN WEAVER	DIRECTOR	1.00	Director	$150	$0	$300
ROBERT BOB M BECK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID COUCH	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBBIE FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL STALEY	DIRECTOR	1.00	Director	$0	$0	$0
JAY MEHTA	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA ROSE	DIRECTOR	1.00	Director	$0	$0	$0
SHAE HOPKINS	EXECUTIVE DIRECTOR/CEO	12.00	Officer	$159,693	$133,577	$472,087
ELAINE CRAWFORD	CHIEF ADMINISTRATIVE OFFICER	10.00	Officer	$0	$117,386	$299,962
TONYA CRUM	CHIEF OF STAFF	11.00	Officer	$0	$90,663	$238,460
TIM BISCHOFF	CHIEF TECHNOLOGY OFFICER	10.00	Key Emp	$0	$131,800	$301,348
NANCY SOUTHGATE	CHIEF CONTENT OFFICER	10.00	Key Emp	$0	$124,557	$289,162
JULIE SCHMIDT	DIRECTOR OF EXTERNAL AFFAIRS	10.00	Highest	$0	$105,999	$233,466
TODD PICCIRILLI	DIRECTOR OF MARKETING	11.00	Highest	$0	$87,657	$218,844
MICHELE RIPLEY	PRESIDENT OF COMMONWEALTH FUND	46.00	Highest	$146,497	$35,331	$181,828
RENEE SHAW	DIRECTOR OF PUBLIC AFFAIRS	32.00	Highest	$154,734	$24,910	$179,644
CHIP POLSTON	PRODUCER / HOST	41.00	Highest	$134,498	$23,618	$158,116

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	$10,926,770	$11,344,478	$16,818,645	$-417,708
2024	$17,143,299	$10,781,336	$17,947,577	$6,361,963
2023	$10,632,941	$7,801,003	$11,526,608	$2,831,938
2022	$8,939,208	$5,569,378	$11,286,111	$3,369,830
2021	$10,379,444	$9,316,557	$11,830,870	$1,062,887
2020	$8,772,038	$10,054,540	$10,384,451	$-1,282,502
2020	$8,772,038	$10,054,540	$10,384,451	$-1,282,502
2019	$8,218,421	$9,655,643	$9,015,270	$-1,437,222
2018	$7,945,627	$10,050,650	$9,729,290	$-2,105,023

KENTUCKY EDUCATIONAL TELEVISION FOUNDATION INC