INDEPENDENT FILM & TELEVISION ALLI… - Form 990 Financial Data

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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

JEAN M PREWITT

Phone

3104461000

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT FILM & TELEVISION ALLIANCE, founded in 1980, is a mid-sized nonprofit that reported $13.7M in total revenue in fiscal year 2023.

Mission

THE INDEPENDENT FILM & TELEVISION ALLIANCE SHALL SERVE AS A TRADE ASSOCIATION WHOSE MISSION IS TO PROMOTE, PROTECT, AND SUPPORT THE INDEPENDENT FILM AND TELEVISION INDUSTRY, WHICH CONSISTS OF THOSE COMPANIES THAT ARE IN THE BUSINESS OF PRODUCING AND/OR REPRESENTING FILMS AND/OR TELEVISION PROGRAMMING AND LICENSING SUCH PROGRAMMING FOR DISTRIBUTION WORLDWIDE PRIMARILY THROUGH THIRD PARTY DISTRIBUTORS AND PLATFORMS. IT SHALL ACHIEVE ITS OBJECTIVES AND PURPOSE BY ENGAGING IN PUBLIC ADVOCACY TO ADVANCE THE BUSINESS INTERESTS AND EXPAND THE MARKETPLACE OPPORTUNITIES FOR THE INDEPENDENT FILM AND TELEVISION INDUSTRY WORLDWIDE; BY CONDUCTING TRADE SHOWS RELATING TO THE THEATRICAL MOTION PICTURE AND TELEVISION INDUSTRY, INCLUDING THE ANNUAL AMERICAN FILM MARKET ("AFM"); AND BY DELIVERING SERVICES AND PROGRAMS THAT ARE CONSISTENT WITH ITS MISSION AND NOT OTHERWISE AVAILABLE TO ITS MEMBERS.

Program Service Accomplishments

Program 1

THE INDEPENDENT FILM & TELEVISION ALLIANCE SPONSORS THE AMERICAN FILM MARKET (AFM). THE AFM IS THE MOST EFFICIENT FILM ACQUISITION, DEVELOPMENT AND NETWORKING EVENT IN THE WORLD. IT IS A MARKETPLACE WHERE PRODUCTION AND DISTRIBUTION DEALS ARE CLOSED. WITH THOUSANDS OF INDUSTRY PROFESSIONALS FROM MORE THAN 70 COUNTRIES, HUNDREDS OF PRODUCTION/DISTRIBUTION/SALES COMPANIES, AND MORE THAN 200 FEATURE FILMS SCREENING, THE AFM CONTINUES TO BE THE PIVOTAL DESTINATION FOR ACQUISITION AND DEVELOPMENT EXECUTIVES, AGENTS, ATTORNEYS, DIRECTORS, DISTRIBUTORS, FESTIVAL DIRECTORS, FINANCIERS, FILM COMMISSIONERS, PRODUCERS, WRITERS, THE WORLD'S PRESS AND ALL THOSE WHO PROVIDE SERVICES TO THE MOTION PICTURE INDUSTRY.

Program 2

IFTA COLLECTIONS SECURES THE ROYALTIES AND LEVIES THAT FLOW FROM SECONDARY AUDIO-VISUAL RIGHTS FOR FILM AND TELEVISION WORLDWIDE. SECONDARY RIGHTS INCLUDE CABLE, SATELLITE AND OTHER RETRANSMISSION...

IFTA COLLECTIONS SECURES THE ROYALTIES AND LEVIES THAT FLOW FROM SECONDARY AUDIO-VISUAL RIGHTS FOR FILM AND TELEVISION WORLDWIDE. SECONDARY RIGHTS INCLUDE CABLE, SATELLITE AND OTHER RETRANSMISSION ROYALTIES, PRIVATE COPY LEVIES, VIDEO RENTAL LEVIES, EDUCATIONAL ROYALTIES, THEATRICAL BOX OFFICE LEVIES, PUBLIC PERFORMANCE TELEVISION ROYALTIES, AND PUBLIC PERFORMANCE VIDEO ROYALTIES. HIGHLY REGARDED AND RESULT-DRIVEN, SINCE 1994 IFTA COLLECTIONS HAS COLLECTED MORE THAN $166 MILLION ON BEHALF OF THE COMPANIES WHOSE FILM AND TELEVISION WORKS IT REPRESENTS FROM PRODUCERS AND AUTHORS SOCIETIES THROUGHOUT THE WORLD.

Program 3

THE INDEPENDENT FILM & TELEVISION ALLIANCE'S PARTICIPATION AT VARIOUS INTERNATIONAL FILM AND TELEVISION MARKETS ENABLES ITS MEMBERS TO ESTABLISH AND MAINTAIN A GLOBAL PRESENCE IN THE DISTRIBUTION OF...

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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 $0

Program Service Revenue $12,955,229

Investment Income $30,002

Other Revenue $750,000

TOTAL REVENUE $13,735,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,480,346

Fundraising Expenses $0

Other Expenses $11,050,962

TOTAL EXPENSES $14,531,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,735,231	$14,076,625	0.0%
Expenses	$14,531,308	$13,236,375	+0.1%
Net Income	$-796,077	$840,250	-1.9%

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

128

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

$821,156

Total Directors

Key Employees

$217,193

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PREWITT JEAN	PRESIDENT & CEO	40.00	Officer	$388,503	$14,348	$402,851
CLEARY SUSAN	VP, GENERAL COUNSEL, SECRETARY	40.00	Officer	$215,933	$37,499	$253,432
BURT ROBIN	VP MARKETING & MEMBERSHIP	40.00	Key Emp	$181,789	$35,404	$217,193
ANDERSON WILLIAM	VP RESEARCH & STRATEGIC ANALYSIS	40.00	Highest	$178,065	$14,865	$192,930
GARNICK JENNIFER	VP COMMUNICATIONS	40.00	Highest	$168,001	$15,000	$183,001
MCGREW PORTIA	DIRECTOR, HR & ADMINISTRATION	40.00	Highest	$150,665	$15,151	$165,816
BONIFIELD IAN	DEPUTY GENERAL COUNSEL	40.00	Highest	$133,791	$29,195	$162,986
CATHERINE COBB	DIRECTOR, AFM ATTENDEE SERVICES	40.00	Highest	$122,354	$17,014	$139,368
GARCIA SARA	VICE PRESIDENT & CFO (AS OF 06/23)	40.00	Officer	$107,542	$4,638	$112,180
NEWMAN ROBERT	VICE PRESIDENT & CFO (THRU 02/23)	40.00	Officer	$37,523	$15,170	$52,693
BALES PAUL	DIRECTOR	1.00	Director	$0	$0	$0
BEAUFILS JD - DIRECTOR -	EXECUTIVE COMMITTEE (THRU 09/23)	1.00	Director	$0	$0	$0
BECKMANN BRIAN	DIRECTOR - EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
BEDNO SCOTT	DIRECTOR - EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
BUCKLEY JASON	DIRECTOR	1.00	Director	$0	$0	$0
COURET-DELEGUE CAROLINE	DIRECTOR	1.00	Director	$0	$0	$0
DIANE FERRANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
EPSTEIN CLAY	DIRECTOR - CHAIRPERSON	1.50	Director	$0	$0	$0
FANNON DAVID	DIRECTOR (THRU 09/23)	1.00	Director	$0	$0	$0
GREENSTEIN JEFFREY	DIRECTOR	1.00	Director	$0	$0	$0
GUTBERLET LISA	DIRECTOR	1.00	Director	$0	$0	$0
HAMILTON GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
MARQUET CHLOE	DIRECTOR	1.00	Director	$0	$0	$0
MCCORMICK NAT	DIRECTOR - EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
MCSWEENEY JASMIN	DIRECTOR	1.00	Director	$0	$0	$0
ROMANOFF LISE	DIRECTOR - EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
RYAN MICHAEL - DIRECTOR -	EXECUTIVE COMMITTEE (THRU 09/23)	1.50	Director	$0	$0	$0
WILLIAMS ROB	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$13,735,231	$14,531,308	$7,425,281	$-796,077
2022	$14,076,625	$13,236,375	$6,930,971	$840,250
2021	$9,016,893	$10,270,683	$7,047,401	$-1,253,790
2020	$9,411,307	$12,533,073	$8,147,272	$-3,121,766
2019	$14,859,554	$15,751,285	$11,969,887	$-891,731
2018	$16,770,418	$17,670,456	$11,551,207	$-900,038

INDEPENDENT FILM & TELEVISION ALLIANCE