KATHARSIS MEDIA

EIN: 833749311 501(c)(3) Arts, Culture & Humanities

Albuquerque, NM

Total Revenue
$251,615
Total Expenses
$306,846
Total Assets
$13,763
Net Assets
$3,163
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NM
Principal Officer
Candice Neu
Phone
5055855153
Tax Period
2024-06-01 to 2025-05-31

KATHARSIS MEDIA, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $252K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $307K exceeded revenue, resulting in a 22% operating deficit.

Mission

Katharsis Media empowers communities through storytelling by advancing education, workforce development, and access in film and television. The organization provides hands-on training, apprenticeships, and community broadcast programming to create sustainable industry pathways for emerging artists and creators.

Program Service Accomplishments

Program 1
Expenses: $180,593 Revenue: $174,101

Katharsis Media expanded workforce development opportunities in film and television through its Registered Apprenticeship Program (RAP), pre-apprenticeship training, internships, and professional...

Read more

Katharsis Media expanded workforce development opportunities in film and television through its Registered Apprenticeship Program (RAP), pre-apprenticeship training, internships, and professional skills development. In FY2025, the organization became an officially recognized Registered Apprenticeship Program with 14 occupational tracks in film and television careers. Katharsis Media onboarded 4 registered apprentices, trained 19 pre-apprentices (16 of whom completed the program), supported 6 general interns and 15 high school interns, and provided approximately 82 hours of professional development and workforce training. Participants received hands-on experience through real-world productions, mentorship, and paid learning opportunities designed to build sustainable creative careers.

Program 2
Expenses: $49,897 Revenue: $67,521

Katharsis Media created and supported community-centered film, television, and digital media productions that elevate local voices, businesses, artists, and events. In FY2025, the organization...

Read more

Katharsis Media created and supported community-centered film, television, and digital media productions that elevate local voices, businesses, artists, and events. In FY2025, the organization produced 79 episodes of community television programming, 4 student short films for Film Prize Junior, and 6 music videos, while supporting 10 community productions and 14 local events through production, crew, and audiovisual support. Programming highlighted local businesses, artists, nonprofits, and cultural initiatives while simultaneously serving as a hands-on training environment for emerging filmmakers.

Program 3
Expenses: $41,848 Revenue: $10,000

Katharsis Media supported local artists and creative professionals through artist residencies, emergency assistance, affordable creative infrastructure, and paid mentorship opportunities. Through the...

Read more

Katharsis Media supported local artists and creative professionals through artist residencies, emergency assistance, affordable creative infrastructure, and paid mentorship opportunities. Through the UETF Residency Resiliency Program in partnership with the City of Albuquerque, the organization hosted 12 artists in residence and distributed milestone-based financial support for artistic projects. Katharsis Media also operated the New Mexico Film Emergency Fund, providing emergency financial assistance for filmmakers and creative professionals experiencing hardship through direct vendor payments. Additionally, the organization expanded access to professional creative space and resources through its artist support initiatives and studio infrastructure. Katharsis Media also secured Creative Industries Division funding to expand affordable creative infrastructure through the development of Hot Sets, a modular production environment designed to support artists, workforce training, and community film and television productions. Planning and early implementation began during FY2025, with full buildout occurring in the following fiscal year. NOTE: Through the UETF Residency Resiliency Program in partnership with the City of Albuquerque, Katharsis Media continued administering milestone-based support to artists whose projects were funded through a prior-year grant award, distributing payments as artists completed project benchmarks during FY2025, which is why our expenses greatly outweigh our revenue for this program.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $241,615
Investment Income $0
Other Revenue $0
TOTAL REVENUE $251,615

Expense Breakdown

Grants Paid $33,000
Salaries & Benefits $205,020
Fundraising Expenses $0
Program Expenses $272,338
Other Expenses $68,826
TOTAL EXPENSES $306,846

Year-over-Year Comparison

2024 2023 Change
Revenue $251,615 $302,669 -0.2%
Expenses $306,846 $257,964 +0.2%
Net Income $-55,231 $44,705 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
3
Employees
9
Volunteers
15

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
4
$74,473
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Candice Neu President of the Board / Executive Director 23
Officer
$64,821 $122 $64,943
Amanda Hoefler Secretary of the Board 2
Officer
$9,530 $0 $9,530
Corban Mejia Board Member 2
Director
$0 $0 $0
Rip Williams Board Member 1
Director
$0 $0 $0
Nicole Dodson-Sands Vice President of the Board 2
Officer
$0 $0 $0
James Harrell Intern Liaison 1
Officer
$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
2025 $251,615 $306,846 $13,763 $-55,231
2024 $302,669 $257,964 $68,994 $44,705
Explore More Nonprofits
Top 100 Nonprofits in New Mexico Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare KATHARSIS MEDIA with other nonprofits in New Mexico and across the country.