AKRON PRESS ASSOCIATION

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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

1997

Legal Domicile

Principal Officer

NICK ANTONIO

Phone

2343808127

Tax Period

2024-01-01 to 2024-12-31

AKRON PRESS ASSOCIATION, founded in 1997, is a micro nonprofit in the Education sector that reported $91K in total revenue in fiscal year 2024. Expenses of $109K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROMOTE THE FREE EXCHANGE OF IDEAS IN FELLOWSHIP, FRATERNITY, AND UNDERSTANDING; AND THEREBY ADVANCE THE PROFESSION OF THOSE WHO DISSEMINATE INFORMATION.

Program Service Accomplishments

Program 1

Expenses: $109,353

TO PROMOTE EDUCATION BY VARIOUS MEANS INCLUDING BUT NOT LIMTED TO CONTRIBUTING MONEIS TO OTHER 501(C) ORGANIZATIONS PROMOTING EDUCATION AND PRESENTING VARIOUS LECTURE SERIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,200

Program Service Revenue $72,410

Investment Income $8,058

Other Revenue $0

TOTAL REVENUE $90,668

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,353

Other Expenses $79,353

TOTAL EXPENSES $109,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,668	$91,906	0.0%
Expenses	$109,353	$105,933	+0.0%
Net Income	$-18,685	$-14,027	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CARLA DAVIS	IMMEDIATE PAST PRESIDENT	Officer	$0	$0	$0
NICK ANTONIO	TREASURER	Officer	$0	$0	$0
ML SCHULTZE	SECRETARY	Officer	$0	$0	$0
LISA CRAIG	VP MARKETING	Officer	$0	$0	$0
SCOTT PIEPHO	VP - PROGRAMMING	Officer	$0	$0	$0
BRUCE WINGES	PRESIDENT	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	$90,668	$109,353	$303,635	$-18,685
2023	No data	No data	No data	No data
2022	$71,820	$67,382	$278,735	$4,438
2021	$58,680	$28,802	$326,786	$29,878
2020	$28,857	$39,287	$275,534	$-10,430
2019	$79,170	$71,932	$266,931	$7,238
2018	$95,047	$67,186	$222,863	$27,861