Alabama Education Television Foundation Authority

EIN: 636050895 501(c)(3) Arts, Culture & Humanities

Birmingham, AL

Total Revenue
$9,211,248
Total Expenses
$7,747,275
Total Assets
$15,065,321
Net Assets
$14,090,966
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
AL
Principal Officer
Melissa Austin
Phone
2053288756
Tax Period
2023-10-01 to 2024-09-30

Alabama Education Television Foundation Authority, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 16% operating margin.

Mission

The AETFA's sole purpose is to provide funding support for Alabama Public Television (APT); therefore, it fully embraces the stated mission of APT. In summary, APT is committed to enrich the lives of Alabama citizens by providing essential educational services with the highest quality direct instructional content through digital streaming; by acting as an indispensable resource of Alabama's Storyteller; by promoting Alabama to the world as a unique community postured for business and growth; by working closely with Homeland Security and state agencies to provide a statewide network to disseminate information effectively in times of disaster; by bringing the very best in the world of music, theater, dance and the arts to enrich and inspire the lives of the people of our state; and by offering programming that educates the citizenry, giving them the means and the desire to reach their highest potential through the development of a strong work ethic bonded to honesty and integrity.

Program Service Accomplishments

Program 1
Expenses: $1,405,005 Revenue: $1,325,746

Education Services:1. Alabama Public Television (APT) facilitates student learning in a variety of ways. In FY 2024, more than 565 parents, teachers and administrators serving more than 77,180...

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Education Services:1. Alabama Public Television (APT) facilitates student learning in a variety of ways. In FY 2024, more than 565 parents, teachers and administrators serving more than 77,180 children attended APT K-12 workshops, conferences, and trainings, many of which were offered virtually. 2. Early Childhood LearningAETFA, through its employed team of trainers and those of partner organizations previously trained by AETFA staff, conducted workshops for educators and parents of children ages birth to eight throughout the state of Alabama. The workshops demonstrated ways to incorporate PBS children's programming, broadcast by APT or available for streaming on the APT website, into comprehensive learning experiences that also included reading and other activities related to the content. APT and our partners led 368 "face-to face" trainings for 3,551 participants, impacting an estimated 44,077 children in FY 2024. APT's on-demand courses had 12,391 successful completions that will impact 332,929 children.

Program 2
Expenses: $2,667,688 Revenue: $3,092,310

Programming and Broadcast Delivery:1. APT leases the majority of its content for television from the Public Broadcast System (PBS) and is a member affiliate of this distributor. APT also leases a...

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Programming and Broadcast Delivery:1. APT leases the majority of its content for television from the Public Broadcast System (PBS) and is a member affiliate of this distributor. APT also leases a smaller amount of its content needs from various other distributors. The AETFA assists directly with purchasing a portion of these costs which exceeded $3.5 million in fiscal 2024.2. APT leases the majority of its content for its FM-public radio station (WLRH) located in Huntsville from National Public Radio (NPR) and several other distributors. The AETFA assists directly with purchasing a portion of these costs which approached $310,000 in fiscal 2024.3. The engineering, utility, technical and equipment costs of broadcasting television signals over the entire state on a 24 hour-7 day basis well exceeded $2.5 million in fiscal 2023 including that of WLRH-FM. The AETFA assists with paying for these expenses by purchasing needed equipment and paying vendor invoices directly when the state appropriation has been exhausted for the year.4. APT's association and membership in nationally recognized content distributors such as PBS and NPR provide viewers and listeners in the state with quality, commercial free television and radio that they depend on as a trusted source for educational content value and entertainment integrity.

Program 3
Expenses: $1,781,673 Revenue: $1,165,064

Production:1. AETFA assists with the funding needs of APT to produce television programs on a local level. Such programs include Capitol Journal, Spotlight on Education, Subcarrier, Monograph and...

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Production:1. AETFA assists with the funding needs of APT to produce television programs on a local level. Such programs include Capitol Journal, Spotlight on Education, Subcarrier, Monograph and documentary specials including Shuttlesworth.2. APT and WLRH-FM continue to receive awards for locally produced television and radio programming along with educational content produced for the web. Through 2023, the programming and production efforts have received a combined 40 Southeastern Regional Emmy Awards, 112 Telly Awards, 2 National Cine Awards, 3 Edward R Murrow Awards, 29 Alabama Broadcasters Association Awards, 14 National Educational Telecommunication Association Awards, and 1 National Association of Broadcasters' Service to America's Children Award.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,408,686
Program Service Revenue $4,896,471
Investment Income $219,442
Other Revenue $686,649
TOTAL REVENUE $9,211,248

Expense Breakdown

Grants Paid $61,000
Salaries & Benefits $3,967,159
Fundraising Expenses $879,172
Program Expenses $5,854,366
Other Expenses $3,719,116
TOTAL EXPENSES $7,747,275

Year-over-Year Comparison

2023 2022 Change
Revenue $9,211,248 $8,338,350 +0.1%
Expenses $7,747,275 $6,571,689 +0.2%
Net Income $1,463,973 $1,766,661 -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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Governance

Voting Members
11
Independent Members
11
Employees
72
Volunteers
25

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
3
$439,478
Total Directors
10
$175
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Harvey Lester Barnett Board Member 1.00
Director
$0 $0 $75
Tijuanna Adetunji Board Member 1.00
Director
$0 $0 $0
W Peter Conroy Board Member 1.00
Director
$0 $0 $0
J Holland Board Member 1.00
Director
$0 $0 $0
Belva M Williams Board Member 1.00
Director
$0 $0 $75
Ferris W Stephens Board Member 1.00
Director
$0 $0 $0
Barry B Copeland Board Member 1.00
Director
$0 $0 $0
Johnny Curry Board Member 1.00
Director
$0 $0 $0
Dr Allen Mendenhall Board Member 1.00
Director
$0 $0 $0
William A Green Jr Board Member 1.00
Director
$0 $0 $25
Melissa Austin Chief Financial Officer 40.00
Officer
$0 $0 $0
D Wayne Reid Executive Director 40.00
Officer
$8,525 $36,429 $218,972
Philip F Hutcheson Interim Executive Director 40.00
Officer
$7,650 $36,733 $220,506
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 $9,211,248 $7,747,275 $15,065,321 $1,463,973
2023 $8,338,350 $6,571,689 $12,269,683 $1,766,661
2022 $5,328,357 $5,286,770 $11,571,976 $41,587
2021 $5,899,982 $4,781,521 $11,749,441 $1,118,461
2020 $5,598,163 $5,180,295 $9,415,292 $417,868
2019 $5,030,288 $4,599,969 $8,499,877 $430,319
2018 $4,740,390 $4,896,545 $7,797,621 $-156,155
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