ACADEMY FOUNDATION

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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

1944

Legal Domicile

Principal Officer

BILL KRAMER

Phone

3102473000

Tax Period

2022-07-01 to 2023-06-30

ACADEMY FOUNDATION, founded in 1944, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $78.7M in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $92.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE ACADEMY FOUNDATION WAS ESTABLISHED WITH THE PURPOSE OF ORGANIZING AND OVERSEEING THE EDUCATIONAL AND CULTURAL ACTIVITIES OF THE MOTION PICTURE INDUSTRY, INCLUDING THE PRESENTATION OF ITS HISTORY AND THE PROMOTION OF ITS FUTURE INCLUDING THE MARGARET HERRICK LIBRARY, THE PRINT AND FILM ARCHIVES AND THE ACADEMY MUSEUM OF MOTION PICTURES.

Program Service Accomplishments

Program 1

Expenses: $54,489,788 Revenue: $0

GRANT TO RELATED ORGANIZATION IN SUPPORT OF OPERATION OF A MUSEUM DEDICATED TO THE ARTS AND SCIENCES MOTION PICTURES.

Program 2

Expenses: $23,124,987 Revenue: $0

GRANT TO RELATED ORGANIZATION IN SUPPORT OF THE MANAGEMENT OF THE DOUGLAS FAIRBANKS CENTER FOR MOTION PICTURE HISTORY, MARGARET HERRICK LIBRARY, AND ACADEMY FILM ARCHIVE.

Program 3

Expenses: $9,729,681 Revenue: $0

GRANT TO RELATED ORGANIZATION IN SUPPORT OF ACTIVITIES TO PROMOTE AND FURTHER THE STUDY AND IMPORTANCE OF MOTION PICTURES IN THE LIFE OF THE PUBLIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $78,584,765

Program Service Revenue $0

Investment Income $-4,853

Other Revenue $72,154

TOTAL REVENUE $78,652,066

Expense Breakdown

Grants Paid $87,524,471

Salaries & Benefits $3,553,912

Fundraising Expenses $0

Program Expenses $91,277,549

Other Expenses $1,475,941

TOTAL EXPENSES $92,554,324

Year-over-Year Comparison

	2022	2021	Change
Revenue	$78,652,066	$108,341,858	-0.3%
Expenses	$92,554,324	$111,076,956	-0.2%
Net Income	$-13,902,258	$-2,735,098	+4.1%

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

251

Volunteers

165

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

$3,506,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN HUDSON	CEO (UNTIL 06/2022)	0.0		$0	$525,147	$1,266,688
BILL KRAMER	CEO (AS OF 07/2022)	5.0	Officer	$0	$51,699	$865,568
CHRISTINE SIMMONS	COO (UNTIL 07/2022)	0.0	Officer	$0	$174,692	$710,107
BRENDAN CONNELL JR	COO (AS OF 07/2022)	40.0	Officer	$0	$52,322	$522,299
JENNIFER DAVIDSON	CHIEF COMMUNICATIONS OFFICER	5.0	Officer	$0	$72,766	$394,314
BEVERLY KITE	CHIEF INFORMATION OFFICER	5.0	Officer	$0	$50,509	$393,874
ANDREW HORN	CHIEF FINANCIAL OFFICER	5.0	Officer	$0	$-32,482	$372,027
L SCOTT MILLER	CHIEF LEGAL OFFICER	5.0	Officer	$0	$-95,887	$248,711
GEORGE JOBLOVE	VP, TECHNOLOGY AND STANDARDS	0.0	Highest	$192,186	$41,442	$233,628
ANDREW MALTZ	SVP - SCIENCE & TECH. COUNCIL	0.0	Highest	$295,548	$-83,182	$212,366
MATT SEVERSON	DIRECTOR OF LIBRARY	0.0	Highest	$186,452	$4,050	$190,502
ALEX FORSYTHE	DIRECTOR - IMAGING TECHNOLOGY	0.0	Highest	$186,088	$2,773	$188,861
RANDY HABERKAMP	EVP, LIBRARY ARCHIVE & SCITECH	0.0	Highest	$259,972	$-219,335	$40,637
LAURA DERN	PRESIDENT (UNTIL 08/2022)	1.0	Officer Director	$0	$0	$0
ISIS MUSSENDEN	PRESIDENT (AS OF 08/2022)	1.0	Officer Director	$0	$0	$0
HOWARD BERGER	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
LARRY KARASZEWSKI	TRUSTEE, VP (AS OF 08/2022)	1.0	Officer Director	$0	$0	$0
NANCY UTLEY	VICE PRESIDENT (UNTIL 08/2022)	1.0	Officer Director	$0	$0	$0
DAVID LINDE	TREASURER	1.0	Officer Director	$0	$0	$0
JAN PASCALE	SECRETARY (UNTIL 08/2022)	1.0	Officer Director	$0	$0	$0
KIM TAYLOR - COLEMAN	TRUSTEE (AS OF 08/2022)	1.0	Director	$0	$0	$0
WYNN THOMAS	TRUSTEE	1.0	Director	$0	$0	$0
JANET YANG	TRUSTEE (AS OF 08/2022)	1.0	Director	$0	$0	$0
BROOKE BRETON	SECRETARY (AS OF 08/2022)	1.0	Officer Director	$0	$0	$0
LAURA KIM	TRUSTEE (AS OF 08/2022)	1.0	Director	$0	$0	$0
DAVID RUBIN	TRUSTEE (UNTIL 8/2022)	1.0	Director	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$78,652,066	$92,554,324	$79,053,909	$-13,902,258
2022	$108,341,858	$111,076,956	$92,997,387	$-2,735,098
2021	$81,007,357	$104,196,288	$98,699,114	$-23,188,931
2020	$71,088,960	$77,296,950	$119,339,404	$-6,207,990
2020	$71,088,960	$77,296,950	$119,339,404	$-6,207,990
2019	$95,468,207	$70,769,128	$124,989,841	$24,699,079
2018	$111,276,597	$51,266,449	$100,140,759	$60,010,148