AFM & SAG-AFTRA INTELLECTUAL PROPERTY RIGHTS DISTRIBUTION FUND (EIN 954815790) - 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

1998

Legal Domicile

Principal Officer

LEI BOWEN

Phone

8182557980

Tax Period

2023-01-01 to 2023-12-31

AFM & SAG-AFTRA INTELLECTUAL PROPERTY RIGHTS DISTRIBUTION FUND, founded in 1998, is a mid-sized nonprofit in the Mutual Benefit sector that reported $78.5M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $94.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE FUND COLLECTS AND DISTRIBUTES ROYALTIES ON BEHALF OF NON-FEATURED INSTRUMENTAL MUSICIANS AND VOCALISTS.

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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 $72,095,527

Investment Income $6,364,115

Other Revenue $43,521

TOTAL REVENUE $78,503,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,556,083

Fundraising Expenses $0

Other Expenses $88,534,680

TOTAL EXPENSES $94,090,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,503,163	$93,590,107	-0.2%
Expenses	$94,090,763	$75,704,957	+0.2%
Net Income	$-15,587,600	$17,885,150	-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

Volunteers

N/A

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

$1,071,948

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEFANIE TAUB	Chief Executive Officer	40.0	Officer	$362,562	$64,530	$427,092
SIDNEY KIBODEAUX WHITE	CHIEF OPERATING OFFICER	40.0	Officer	$255,459	$81,205	$336,664
LEI BOWEN	CHIEF FINANCIAL OFFICER	40.0	Officer	$246,859	$61,333	$308,192
ROBERT RUSEK	IT DIRECTOR	40.0	Highest	$191,105	$72,384	$263,489
LORENA LEWBEL	DIR, APPLICATIONS DEVELOPMENT	40.0	Highest	$186,910	$56,652	$243,562
KAREN TUCKER	DIR, HR & LEGAL AFFARIS	40.0	Highest	$175,276	$40,724	$216,000
JEFFREY TRAFICAN	CONTROLLER	40.0	Highest	$167,042	$33,826	$200,868
MARIA VITTALI	MANAGER FP AND A	40.0	Highest	$136,550	$31,241	$167,791
RAYMOND M HAIR JR	ALTERNATE TRUSTEE	1.0	Director	$0	$0	$0
PAT COIL	TRUSTEE	1.0	Director	$0	$0	$0
TINO GAGLIARDI	TRUSTEE/CO-CHAIR	1.0	Director	$0	$0	$0
JOHN ACOSTA	ALTERNATE TRUSTEE	1.0	Director	$0	$0	$0
DAVE POMEROY	TRUSTEE	1.0	Director	$0	$0	$0
DAN NAVARRO	TRUSTEE	1.0	Director	$0	$0	$0
DUNCAN CRABTREE-IRELAND	TRUSTEE/CO-CHAIR	1.0	Director	$0	$0	$0
JANICE PENDARVIS	TRUSTEE	1.0	Director	$0	$0	$0
JASPER RANDALL	ALTERNATE TRUSTEE	1.0	Director	$0	$0	$0
KRISTINA GORBACSAOV	ALTERNATE TRUSTEE	1.0	Director	$0	$0	$0
MARC SAZER	ALTERNATE TRUSTEE(EFF.9/25/23)	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
2024	No data	No data	No data	No data
2023	$78,503,163	$94,090,763	$192,102,971	$-15,587,600
2022	$93,590,107	$75,704,957	$186,427,172	$17,885,150
2021	$59,253,844	$72,372,123	$186,794,832	$-13,118,279
2021	$67,652,069	$68,365,411	$201,259,500	$-713,342
2020	$76,123,388	$66,494,028	$192,489,302	$9,629,360
2019	$64,674,205	$62,804,801	$179,654,776	$1,869,404
2018	$68,559,084	$69,732,694	$168,105,514	$-1,173,610

AFM & SAG-AFTRA INTELLECTUAL PROPERTY RIGHTS DISTRIBUTION FUND