No Labels

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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

2009

Legal Domicile

Principal Officer

Nancy Jacobson

Tax Period

2023-01-01 to 2023-12-31

No Labels, founded in 2009, is a mid-sized nonprofit that reported $24.6M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

No Labels is a movement of Democrats, Republicans, and everything in between, dedicated to the politics of problem solving. We stand united behind a simple proposition: We want our government to stop fighting and start fixing.

Program Service Accomplishments

Program 1

Expenses: $20,194,614

In July 2023, No Labels published Common Sense, a policy booklet featuring 30 ideas that address the most pressing concerns of Americas commonsense majority. We also developed and placed hundreds of articles, op-eds, and other content pieces to educate voters on the most critical issues facing America. We significant expanded our digital outreach and engagement to citizens via a robust email and digital ad program. We also continued to expand our local leadership networks in all 50 states to establish grassroots support among communities. As part of our effort to secure ballot access for a potential 2024 Unity presidential ticket, over one million American voters signed petitions to put No Labels on the ballot in their state. Although No Labels ultimately decided not to offer our ballot line to a presidential ticket, our ballot access effort engendered significant growth in membership, fundraising and brand awareness for the No Labels movement. No Labels continued our longstanding role as a facilitator and organizer by hosting regular Zoom calls and briefings for our citizen members with members of Congress, policy experts and thought leaders.

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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 $24,336,637

Program Service Revenue $0

Investment Income $229,101

Other Revenue $38,244

TOTAL REVENUE $24,603,982

Expense Breakdown

Grants Paid $444,625

Salaries & Benefits $5,261,692

Fundraising Expenses $2,612,560

Program Expenses $20,194,614

Other Expenses $19,718,633

TOTAL EXPENSES $25,514,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,603,982	$21,182,581	+0.2%
Expenses	$25,514,950	$12,088,824	+1.1%
Net Income	$-910,968	$9,093,757	-1.1%

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

$284,375

Total Directors

$565,977

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Kunza	Digital Director	40.00	Highest	$303,250	$9,669	$312,919
Margaret White	Co-Executive Director	40.00	Highest	$261,121	$26,700	$287,821
Nancy Jacobson	President & CEO	40.00	Officer Director	$284,375	$0	$284,375
Elizabeth Morrison	Co-Executive Director	40.00	Highest	$217,262	$15,785	$233,047
Holly Page	Director	40.00	Director	$191,602	$0	$191,602
Brittany Prime	Director of Development	40.00	Highest	$170,554	$5,642	$176,196
Nicholas Connors	Director of Ballot Access	40.00	Highest	$150,157	$0	$150,157
Tish Bazil	Director	40.00	Director	$90,000	$0	$90,000
Dennis Blair	Director	1.00	Director	$0	$0	$0
Andrew M Bursky	Director	1.00	Director	$0	$0	$0
Andrew Tisch	Director	1.00	Director	$0	$0	$0
Charlie Black	Director	1.00	Director	$0	$0	$0
Jerald S Howe Jr	Treasurer	15.00	Officer 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	$24,603,982	$25,514,950	$19,169,547	$-910,968
2022	$21,182,581	$12,088,824	$19,901,781	$9,093,757
2022	$21,182,581	$12,088,824	$19,901,781	$9,093,757
2021	$11,349,079	$10,516,122	$10,174,241	$832,957
2021	$11,349,079	$10,516,122	$10,174,241	$832,957
2021	$11,349,079	$10,516,122	$10,174,241	$832,957
2021	$11,349,079	$10,516,122	$10,174,241	$832,957
2020	$11,834,759	$6,447,247	$9,278,046	$5,387,512
2019	$5,482,292	$6,714,606	$4,804,017	$-1,232,314
2018	$5,088,301	$3,957,799	$5,154,754	$1,130,502