PRO PUBLICA INC (EIN 142007220) - 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

2007

Legal Domicile

Principal Officer

ROBIN SPARKMAN

Phone

2125145250

Tax Period

2023-01-01 to 2023-12-31

PRO PUBLICA INC, founded in 2007, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $58.0M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.9M, a strong 24% operating margin.

Mission

TO EXPOSE ABUSES OF POWER AND BETRAYALS OF THE PUBLIC TRUST. BY GOVERNMENT, BUSINESS, AND OTHER INSTITUTIONS, USING THE MORAL FORCE OF INVESTIGATIVE JOURNALISM TO SPUR REFORM THROUGH THE SUSTAINED SPOTLIGHTING OF WRONGDOING.

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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 $55,857,720

Program Service Revenue $348,503

Investment Income $1,280,196

Other Revenue $484,143

TOTAL REVENUE $57,970,562

Expense Breakdown

Grants Paid $1,506,149

Salaries & Benefits $33,429,178

Fundraising Expenses $3,228,018

Program Expenses $36,445,115

Other Expenses $8,748,482

TOTAL EXPENSES $44,080,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,970,562	$44,530,761	+0.3%
Expenses	$44,080,009	$40,322,509	+0.1%
Net Income	$13,890,553	$4,208,252	+2.3%

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

209

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

$1,655,031

Total Directors

Key Employees

$577,133

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SAGAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CLAIRE BERNARD	DIRECTOR	1.00	Director	$0	$0	$0
TOMIKO BROWN-NAGIN	DIRECTOR	1.00	Director	$0	$0	$0
MARK COLODNY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DAETZ	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA FILO	DIRECTOR	1.00	Director	$0	$0	$0
HENRY LOUIS GATES JR	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANU KHOSLA	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE LOZANO	DIRECTOR	1.00	Director	$0	$0	$0
KATIE MCGRATH	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CS MONKS	DIRECTOR	1.00	Director	$0	$0	$0
RONALD OLSON	DIRECTOR THRU OCT 2023	1.00	Director	$0	$0	$0
JAMES M STONE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES F WHITAKER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN ENGELBERG	CO-CEO & EDITOR-IN-CHIEF	40.00	Officer	$443,542	$59,229	$502,771
ROBIN SPARKMAN PRESIDENT	CO-CEO & TREASURER	40.00	Officer	$425,086	$59,166	$484,252
RAGAN RHYNE	SVP, DEVELOPMENT & SECRETARY	40.00	Officer	$325,314	$21,810	$347,124
STEPHANIE LITTLE CHIEF	FINANCIAL & ADMINISTRATIVE OFFICER	40.00	Officer	$264,277	$56,607	$320,884
JEREMY KUTNER	GENERAL COUNSEL	40.00	Key Emp	$262,602	$28,320	$290,922
TYSON EVANS	CHIEF PRODUCT AND BRAND OFFICER	40.00	Key Emp	$228,130	$58,081	$286,211
CHARLES ORNSTEIN	MANAGING EDITOR, LOCAL	40.00	Highest	$294,717	$55,902	$350,619
TRACY WEBER	MANAGING EDITOR	40.00	Highest	$292,120	$39,270	$331,390
JESSE EISINGER	SENIOR EDITOR & REPORTER	40.00	Highest	$260,842	$51,180	$312,022
GINGER THOMPSON	CHIEF OF CORRESPONDENTS	40.00	Highest	$237,768	$24,475	$262,243
THOMAS CHRISTIAN MILLER	REPORTER	40.00	Highest	$227,431	$52,350	$279,781

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	$57,970,562	$44,080,009	$85,514,123	$13,890,553
2022	$44,530,761	$40,322,509	$63,355,096	$4,208,252
2021	$36,005,300	$34,153,121	$60,782,681	$1,852,179
2020	$37,513,092	$30,208,192	$58,666,359	$7,304,900
2019	$39,246,884	$28,630,586	$51,252,809	$10,616,298
2018	$26,685,933	$24,104,461	$40,988,939	$2,581,472

PRO PUBLICA INC