KQED INC (EIN 941241309) - 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

1954

Legal Domicile

Principal Officer

MICHAEL ISIP

Phone

4158642000

Tax Period

2023-10-01 to 2024-09-30

KQED INC, founded in 1954, is a major nonprofit in the Arts, Culture & Humanities sector that reported $108.9M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $330.9M represent 36 months of operating reserves.

Mission

INFORM, INSPIRE, INVOLVE

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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 $85,781,746

Program Service Revenue $14,523,905

Investment Income $7,826,415

Other Revenue $813,698

TOTAL REVENUE $108,945,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,652,803

Fundraising Expenses $20,835,408

Program Expenses $75,828,782

Other Expenses $48,615,453

TOTAL EXPENSES $113,016,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,945,764	$115,059,886	-0.1%
Expenses	$113,016,769	$104,854,074	+0.1%
Net Income	$-4,071,005	$10,205,812	-1.4%

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

569

Volunteers

500

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

$1,062,633

Total Directors

Key Employees

$2,383,692

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AJAY SHAH	BOARD MEMBER (AS OF 01/2024)	0.70	Director	$0	$0	$0
ANNE AVIS	BOARD CHAIR	10.00	Director	$0	$0	$0
JENNIFER CABALQUINTO	BOARD CHAIR	10.00	Director	$0	$0	$0
ALEX VAN HELDEN	COMMITTEEE CHAIR/EXECUTIVE COMMITTEE	1.80	Director	$0	$0	$0
AUTUMN MCDONALD	BOARD MEMBER (AS OF 01/2024)	0.70	Director	$0	$0	$0
BRIAN CABRERA	COMMITTEEE CHAIR/EXECUTIVE COMMITTEE	1.80	Director	$0	$0	$0
CARLA JAVITS	COMMITTEEE CHAIR	0.90	Director	$0	$0	$0
DAROLYN DAVIS	EXECUTIVE COMMITTEE	0.90	Director	$0	$0	$0
DAWN GARCIA	COMMITTEEE CHAIR	0.90	Director	$0	$0	$0
ELIZABETH GONZALEZ	BOARD MEMBER	0.70	Director	$0	$0	$0
JAIMIE STUDLEY	EXECUTIVE COMMITTEE	0.90	Director	$0	$0	$0
JAMES CHAM	BOARD MEMBER	0.70	Director	$0	$0	$0
JEAN FRASER	BOARD MEMBER	0.70	Director	$0	$0	$0
JIM LOUDERBACK	BOARD MEMBER	0.70	Director	$0	$0	$0
JOSE QUINONEZ	EXECUTIVE COMMITTEE	0.90	Director	$0	$0	$0
LANDE AJOSE	BOARD MEMBER	0.70	Director	$0	$0	$0
LISA SONSINI	EXECUTIVE COMMITTEE	0.90	Director	$0	$0	$0
LUCIA CHOI-DALTON	BOARD MEMBER (AS OF 01/2024)	0.70	Director	$0	$0	$0
MATT ZINN	EXECUTIVE COMMITTEE/COMMITTEE CHAIR	1.80	Director	$0	$0	$0
MEG GARLINGHOUSE	COMMITTEE CHAIR/NOMINATING COMMITTEE	1.80	Director	$0	$0	$0
MYLES DANIELSEN	COMMITTEE CHAIR (AS OF 01/2024)	0.90	Director	$0	$0	$0
NADIA ROUMANI	COMMITTEE CHAIR/NOMINATING COMMITTEE	1.80	Director	$0	$0	$0
NAVEEN CHOPRA	BOARD MEMBER	0.70	Director	$0	$0	$0
PENELOPE BLAIR	BOARD MEMBER (AS OF 01/2024)	0.70	Director	$0	$0	$0
SANJAY VASWANI	BOARD MEMBER	0.70	Director	$0	$0	$0
SHADI KARRA	COMMITTEE CHAIR/NOMINATING COMMITTEE	1.80	Director	$0	$0	$0
SHANNON BRAYTON	EXECUTIVE COMMITTEE	0.90	Director	$0	$0	$0
STEVE BOCHNER	EXECUTIVE COMMITTEE	0.90	Director	$0	$0	$0
SUSAN AKBARPOUR	BOARD MEMBER	0.70	Director	$0	$0	$0
MICHAEL ISIP	PRESIDENT AND CEO	55.00	Officer	$510,301	$51,487	$561,788
DAVID BOUTRY	CHIEF FINANCIAL OFFICER	45.00	Officer	$272,836	$16,359	$289,195
BRIDGET BARRETT	GEN. COUNSEL & CORP. SECRETARY	45.00	Officer	$200,777	$10,873	$211,650
MARIA MILLER	CHIEF OPERATIONS & ADMIN. OFFICER	55.00	Key Emp	$311,088	$46,562	$357,650
DELINDA MROWKA	CHIEF REVENUE OFFICER	50.00	Key Emp	$302,354	$47,903	$350,257
HOLLY KERNAN	CHIEF CONTENT OFFICER	50.00	Key Emp	$296,498	$34,972	$331,470
MARIANNE MURPHY	VP MEMBER GENEROSITY & AUD. INTEL	50.00	Key Emp	$238,425	$49,697	$288,122
MICHAEL BLACK	VP, CORPORATE SPONSORSHIP	50.00	Key Emp	$268,646	$18,679	$287,325
DAVID HANSEN	EXEC DIR., MEDIA OPS & FAC	50.00	Key Emp	$236,832	$28,897	$265,729
JOHN REILLY	VP OF INFORMATION SECURITY & TECH	50.00	Key Emp	$236,182	$26,537	$262,719
DONALD NEWENHOUSE	VP, BROADCAST ENGINEERING & OPER.	50.00	Key Emp	$217,567	$22,853	$240,420
SARAH SAWYER	LOCAL MARKETING DIRECTOR	50.00	Highest	$277,225	$55,624	$332,849
DUKE FAN	VICE PRESIDENT, PRODUCT	50.00	Highest	$267,527	$54,423	$321,950
ELIZABETH SEIRMARCO	LOCAL MARKETING DIRECTOR	50.00	Highest	$215,186	$52,512	$267,698
ETHAN TOVEN-LINDSEY	VICE PRESIDENT, NEWS	60.00	Highest	$231,732	$14,389	$246,121
ERIC ABRAMS	CHIEF DE&I OFFICER	47.00	Highest	$237,437	$7,087	$244,524
WILLIAM LOWERY	FMR GRL COUN. & CORP SEC (THRU 3/23)	7.00		$147,475	$8,743	$156,218
MITZIE KELLEY	FORMER CFO (THRU 01/2023)	0.00		$130,572	$7,181	$137,753
GEORGANNA KELLY	FORMER VP, DEVELOPMENT (THRU 09/23)	35.00		$243,818	$24,555	$268,373

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	$108,945,764	$113,016,769	$357,038,039	$-4,071,005
2023	$115,059,886	$104,854,074	$330,572,220	$10,205,812
2022	$109,654,912	$100,998,425	$310,267,088	$8,656,487
2021	$115,878,820	$91,090,700	$338,114,400	$24,788,120
2020	$103,418,209	$91,988,688	$304,837,195	$11,429,521
2019	$121,484,926	$89,438,098	$278,519,073	$32,046,828
2018	$89,451,637	$95,541,003	$246,449,309	$-6,089,366

KQED INC