THE NEW PRESS INC

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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

1990

Legal Domicile

Principal Officer

DIANE WACHTELL

Phone

2126298802

Tax Period

2023-01-01 to 2023-12-31

THE NEW PRESS INC, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $5.6M exceeded revenue, resulting in a 78% operating deficit.

Mission

PUBLICATION OF BOOKS ON CULTURAL, HISTORICAL, AND SOCIAL ISSUES TO INCREASE EDUCATIONAL AND SOCIAL AWARENESS. THESE BOOKS ARE OFTEN WRITTEN BY AUTHORS AND/OR ARE WRITTEN ABOUT SUBJECTS THAT MIGHT OTHERWISE NOT BE DEEMED COMMERCIAL ENOUGH (CONT'D ON SCHEDULE O)TO BE PUBLISHED. ORGANIZE FREE PUBLIC FORUMS FOR DISCUSSION ABOUT ISSUES ADDRESSED IN THE NEW PRESS BOOKS BY THE NEW PRESS AUTHORS.

Program Service Accomplishments

Program 1

Expenses: $3,999,332 Revenue: $1,109,467

THIS WAS AN UNUSUAL YEAR FOR THE ORGANIZATION, WITH BOTH REVENUE STREAMS SEEING A DECLINE. LIKE MANY PUBLISHERS WITH NONFICTION-HEAVY LISTS, WE FACED INDUSTRY-WIDE CHALLENGES THAT IMPACTED OUR TOTAL EARNED REVENUE. WE PUBLISHED 31 FRONTLIST TITLES IN 2023. OUR TOP 5 TITLES REPRESENTED 22% OF OUR TOTAL SALES. THE TOP FIVE TITLES WERE THE NEW JIM CROW, LIES MY TEACHER TOLD ME, TROUBLEMAKERS, CRITICAL RACE THEORY, AND EXCEPT FOR PALESTINE. WITH TWO TITLES (CHARISMA'S TURN AND THE PAPERBACK OF ELIE MYSTAL' S ALLOW ME TO RETORT) SELLING OVER 5000 COPIES. (CONTINUED ON SCHEDULE O)BOTH SALES AND REVENUE FELL BELOW RECENT YEARS' LEVELS. HOWEVER, OUR CASH POSITION REMAINS STRONG, AND WE CLOSED THE YEAR WITH NEARLY $3 MILLION IN CASH.

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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 $1,967,905

Program Service Revenue $323,776

Investment Income $46,449

Other Revenue $821,851

TOTAL REVENUE $3,159,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,188,874

Fundraising Expenses $799,491

Program Expenses $3,999,332

Other Expenses $2,451,435

TOTAL EXPENSES $5,640,309

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,159,981	$4,787,117	-0.3%
Expenses	$5,640,309	$5,058,366	+0.1%
Net Income	$-2,480,328	$-271,249	+8.1%

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

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

$704,693

Total Directors

$491,687

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARA LAMARCHE	CHAIR	2.00	Officer Director	$0	$0	$0
THEODORE M SHAW	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AMY GLICKMAN	TREASURER	1.00	Officer Director	$0	$0	$0
SARAH BURNES	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANE WACHTELL	EXECUTIVE DIRECTOR	35.00	Officer Director	$218,380	$26,605	$244,985
ELLEN ADLER	PUBLISHER	35.00	Officer Director	$212,170	$34,532	$246,702
JONATHAN S ABADY	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA BAUMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ANTHONY BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF DEUTSCH	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE GOTTLIEB	DIRECTOR	1.00	Director	$0	$0	$0
BRAD HEBEL	DIRECTOR	1.00	Director	$0	$0	$0
VIVIEN LABATON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LEHMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RABEN	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK AO SCHWARZ JR	DIRECTOR	1.00	Director	$0	$0	$0
NABIHA SYED	DIRECTOR	1.00	Director	$0	$0	$0
TINA C WEINER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WALKER	DIRECTOR	1.00	Director	$0	$0	$0
ROSA M DEL SAZ	CHIEF FINANCE & ADMIN OFFICER	35.00	Officer	$191,091	$21,915	$213,006
MARC FAVREAU	DIRECTOR OF EDITORIAL OPERATIONS	35.00	Highest	$147,317	$7,630	$154,947
BRIAN ULICKY	ASSOCIATE PUBLISHER	35.00	Highest	$120,955	$18,022	$138,977
FRAN FORTE	SENIOR DIRECTOR OF PRODUCTION	35.00	Highest	$102,872	$13,177	$116,049

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	$3,159,981	$5,640,309	$8,087,640	$-2,480,328
2023	$3,159,981	$5,640,309	$8,087,640	$-2,480,328
2022	$5,201,397	$5,045,167	$9,659,193	$156,230
2022	$4,787,117	$5,058,366	$11,028,719	$-271,249
2021	$7,017,448	$5,091,191	$10,475,881	$1,926,257
2021	$6,732,409	$5,048,599	$10,303,955	$1,683,810
2020	$7,440,910	$4,865,716	$9,099,450	$2,575,194
2019	$4,341,781	$4,720,769	$5,136,219	$-378,988
2018	$4,540,643	$4,553,826	$5,592,998	$-13,183