EDUCATIONAL MEDIA FOUNDATION (EIN 942816342) - 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

1981

Legal Domicile

Principal Officer

TOM STULTZ

Phone

9162511600

Tax Period

2024-01-01 to 2024-12-31

EDUCATIONAL MEDIA FOUNDATION, founded in 1981, is a major nonprofit in the Arts, Culture & Humanities sector that reported $261.0M in total revenue in fiscal year 2024. The organization ran a surplus of $93.0M, a strong 36% operating margin.

Mission

INSPIRING PEOPLE TO MOVE CLOSER TO JESUS THROUGH ALL FORMS OF MEDIA INCLUDING THE K-LOVE AND AIR1 RADIO NETWORKS; ACCESSMORE PODCASTING, K-LOVE ONDEMAND VIDEO STREAMING, EMF PUBLISHING/K-LOVE BOOKS, WTA MEDIA, K-LOVE FILMS AND LIVE EVENTS. IN 2024, EMF FULFILLED BOTH ITS EDUCATIONAL AND RELIGIOUS MISSION PRIMARILY THROUGH RADIO BROADCASTING, WHILE INTRODUCING THESE OTHER FORMS OF MEDIA TO REACH AND EDUCATE AUDIENCES ON A VARIETY OF FAITH-BASED TOPICS.

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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 $223,395,128

Program Service Revenue $4,580,700

Investment Income $25,249,334

Other Revenue $7,823,566

TOTAL REVENUE $261,048,728

Expense Breakdown

Grants Paid $549,125

Salaries & Benefits $66,192,796

Fundraising Expenses $11,743,088

Program Expenses $116,154,460

Other Expenses $98,835,501

TOTAL EXPENSES $168,014,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$261,048,728	$242,249,152	+0.1%
Expenses	$168,014,712	$154,549,969	+0.1%
Net Income	$93,034,016	$87,699,183	+0.1%

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

666

Volunteers

300

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

$2,344,903

Total Directors

$1,388,439

Key Employees

$1,625,764

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD WOODS	CEO/DIRECTOR (END 5/15/24)	50.00	Officer Director	$639,885	$48,455	$688,340
DONNA ECTON	CHAIRMAN (END 3/1/24)	1.00	Officer Director	$0	$525,000	$525,000
TOM STULTZ	CEO/DIRECTOR	50.00	Officer Director	$158,020	$1,079	$159,099
MITCH BARNHART	DIRECTOR	1.00	Director	$0	$0	$0
MARK BRANNON	DIRECTOR (END 12/31/24)	1.00	Director	$0	$0	$0
SAM HORN	DIRECTOR	1.00	Director	$16,000	$0	$16,000
NINA JONES	DIRECTOR	1.00	Director	$0	$0	$0
JERRY SHIRER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW REYNOLDS	CFO/TREASURER	50.00	Officer	$291,564	$43,283	$334,847
RORY MCKEAN	COUNSEL/ASST. SEC. (END 4/2/25)	50.00	Officer	$189,512	$31,324	$220,836
SUSAN MYERS	COUNSEL/SECRETARY	50.00	Officer	$199,229	$17,956	$217,185
KENDRA HICKEY	CONTROLLER/ASSISTANT TREASURER	50.00	Officer	$164,790	$34,806	$199,596
EDWIN RICE	CHIEF TECHNOLOGY OFFICER	50.00	Key Emp	$521,375	$46,993	$568,368
DAVID PIERCE	CHIEF MEDIA OFFICER (END 4/21/25)	50.00	Key Emp	$362,348	$36,818	$399,166
MARGARET BAHOU	CHIEF PEOPLE OFFICER	50.00	Key Emp	$299,934	$31,082	$331,016
JAMES HOUSER	CHIEF RADIO OFFICER	50.00	Key Emp	$283,269	$43,945	$327,214
CHARLES LOONEY SR	VP OF INFRASTRUCTURE & OPERATIONS	50.00	Highest	$288,874	$40,795	$329,669
JOE MILLER	VP SIGNAL DEVELOPMENT	50.00	Highest	$291,717	$33,725	$325,442
SAM WALLINGTON	VP OF ENGINEERING	50.00	Highest	$271,296	$43,517	$314,813
NATALIE CARLISLE	CHIEF DEVELOPMENT OFFICER	50.00	Highest	$281,099	$28,426	$309,525
BETHANY DAVIS	CHIEF MARKETING & COMM. OFFICER	50.00	Highest	$292,882	$11,262	$304,144
DAVID ATKINSON	FORMER CAO	50.00		$317,281	$0	$317,281
JANET CHERRY	FORMER CHIEF TRANSITION OFFICER	50.00		$330,971	$0	$330,971

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	$261,048,728	$168,014,712	$1,187,442,265	$93,034,016
2023	$242,249,152	$154,549,969	$1,124,971,160	$87,699,183
2022	$238,353,904	$165,501,654	$1,046,247,591	$72,852,250
2021	$247,061,110	$135,407,457	$932,263,790	$111,653,653
2020	$210,486,885	$127,286,388	$824,984,653	$83,200,497
2019	$201,253,093	$125,265,429	$767,280,206	$75,987,664
2018	$189,010,764	$129,495,488	$664,951,993	$59,515,276

EDUCATIONAL MEDIA FOUNDATION