THE WALTER KAITZ FOUNDATION (EIN 942666764) - 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

1980

Legal Domicile

Principal Officer

NILDA GUMBS

Phone

2022222490

Tax Period

2024-01-01 to 2024-05-22

THE WALTER KAITZ FOUNDATION, founded in 1980, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $4.6M exceeded revenue, resulting in a 283% operating deficit.

Mission

THE WALTER KAITZ FOUNDATION CHAMPIONS DIVERSITY, EQUITY, AND INCLUSION IN THE CABLE, MEDIA, ENTERTAINMENT, AND TECHNOLOGY INDUSTRIES. THE FOUNDATION SUPPORTS INITIATIVES THAT DEVELOP AND ADVANCE HISTORICALLY UNDERREPRESENTED TALENT TO DRIVE INNOVATION, BUSINESS PERFORMANCE, AND POSITIVE COMMUNITY IMPACT.

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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 $940,836

Program Service Revenue $0

Investment Income $261,990

Other Revenue $0

TOTAL REVENUE $1,202,826

Expense Breakdown

Grants Paid $4,237,567

Salaries & Benefits $163,504

Fundraising Expenses $171,756

Program Expenses $4,366,963

Other Expenses $204,016

TOTAL EXPENSES $4,605,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,202,826	$1,531,214	-0.2%
Expenses	$4,605,087	$1,815,946	+1.5%
Net Income	$-3,402,261	$-284,732	+10.9%

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

N/A

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

$3,342,191

Total Directors

$3,342,191

Key Employees

$243,079

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL POWELL	PRESIDENT & CEO	3.00	Officer Director	$0	$53,019	$3,342,191
PAT MCADARAGH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK GREATREX	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVE WATSON	TREASURER	1.00	Officer Director	$0	$0	$0
BOB BAKISH	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL BUCCIERI	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN DOLAN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN D EVANS	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN FINCH	DIRECTOR	1.00	Director	$0	$0	$0
SANDY HOWE	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED LIGGINS III	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PASCARELLI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PITARO	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SJOBERG	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK TREADWAY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WINFREY	DIRECTOR	1.00	Director	$0	$0	$0
NILDA GUMBS	CHIEF OF STAFF	11.00	Key Emp	$0	$32,209	$243,079

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	$1,202,826	$4,605,087	No data	$-3,402,261
2023	$1,531,214	$1,815,946	$3,666,462	$-284,732
2022	$1,635,283	$1,565,848	$3,662,471	$69,435
2021	$1,584,583	$1,734,155	$4,291,830	$-149,572
2020	$1,589,355	$1,651,345	$4,213,777	$-61,990
2019	$1,610,425	$1,928,601	$3,965,877	$-318,176
2018	$1,896,252	$1,878,253	$3,455,559	$17,999

THE WALTER KAITZ FOUNDATION