THIRD WORLD PRESS FOUNDATION INC

EIN: 010650121 501(c)(3) Human Services

Chicago, IL

Total Revenue
$263,842
Total Expenses
$259,218
Total Assets
$117,369
Net Assets
$50,979
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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
2002
Legal Domicile
IL
Principal Officer
Haki Madhubuti
Phone
7736510700
Tax Period
2023-01-01 to 2023-12-31

THIRD WORLD PRESS FOUNDATION INC, founded in 2002, is a small nonprofit in the Human Services sector that reported $264K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

1. Prison Literature Program. 2. Aiding and building culturally specific libraries. 3. Supporting literacy programs.4 Provide publishing opportunities to emerging and establish writers.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $263,684
Program Service Revenue $0
Investment Income $0
Other Revenue $158
TOTAL REVENUE $263,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $259,218
TOTAL EXPENSES $259,218

Year-over-Year Comparison

2023 2022 Change
Revenue $263,842 $199,001 +0.3%
Expenses $259,218 $158,434 +0.6%
Net Income $4,624 $40,567 -0.9%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
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
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Gilyard Treasurer 5
Director
$0 $0 $0
Diane Turner Director 5
Director
$0 $0 $0
Haki Madhubuti Chairmain 2
Officer
$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 $263,842 $259,218 $117,369 $4,624
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