N1 FOUNDATION (EIN 260483848) - 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

2005

Legal Domicile

Principal Officer

CHAD HARBACH

Phone

7187970750

Tax Period

2023-12-01 to 2024-11-30

N1 FOUNDATION, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 15% operating margin.

Mission

THE N+1 FOUNDATION IS A LITERARY ORGANIZATION COMMITTED TO PUBLISHING AND PROMOTING WORK BY NEW AND DIVERSE WRITERS WHOSE STYLE, SUBJECT MATTER, AND INTELLECTUAL AMBITION ARE UNDERREPRESENTED IN MAINSTREAM PUBLICATIONS.

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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 $831,170

Program Service Revenue $446,336

Investment Income $13,097

Other Revenue $10,153

TOTAL REVENUE $1,300,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $532,736

Fundraising Expenses $133,878

Program Expenses $776,649

Other Expenses $568,267

TOTAL EXPENSES $1,101,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,300,756	$890,143	+0.5%
Expenses	$1,101,003	$924,272	+0.2%
Net Income	$199,753	$-34,129	-6.9%

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

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

$65,508

Total Directors

$147,091

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KROTOV	BOARD MEMBER/PUBLISHER	10.00	Director	$61,583	$20,000	$81,583
DAYNA TORTORICI	BOARD MEMBER/EXECUTIVE DIRECTOR	10.00	Officer Director	$45,508	$20,000	$65,508
JYNNE DILLING MARTIN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CHAD HARBACH	TREASURER	1.00	Officer Director	$0	$0	$0
RONALD BARUSCH	SECRETARY	1.00	Director	$0	$0	$0
DUSHKO PETROVICH	BOARD MEMBER	1.00	Director	$0	$0	$0
ZHAO YANG	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHERINE LEDERER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK GREIF	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH GESSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY GLICK	BOARD MEMBER	1.00	Director	$0	$0	$0
LULU MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ALIA HANNA HABIB	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS GEBREMEDHIN	BOARD MEMBER	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	$1,352,588	$1,104,883	$990,142	$247,705
2024	$1,300,756	$1,101,003	$906,796	$199,753
2023	$881,572	$906,101	$496,720	$-24,529
2023	$890,143	$924,272	$760,153	$-34,129
2022	$954,882	$931,822	$510,443	$23,060
2022	$929,686	$962,338	$549,507	$-32,652
2021	$945,344	$889,936	$582,710	$55,408
2020	$747,869	$730,260	$592,210	$17,609
2019	$650,451	$655,580	$462,805	$-5,129
2018	$621,017	$646,284	$474,910	$-25,267

N1 FOUNDATION