THE AMERICAN INDEPENDENT FOUNDATION

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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

2006

Legal Domicile

Principal Officer

JOE CONASON

Phone

2023873670

Tax Period

2023-01-01 to 2023-12-31

THE AMERICAN INDEPENDENT FOUNDATION, founded in 2006, is a mid-sized nonprofit in the Unknown sector that reported $18.4M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $16.2M left a modest 12% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO FOSTER STRONG, INDEPENDENT JOURNALISM THAT HELPS CREATE POSITIVE SOCIETAL CHANGE THROUGH INCREASED PUBLIC AWARENESS OF PROGRESSIVE ISSUES.

Program Service Accomplishments

Program 1

Expenses: $13,575,451

THE ORGANIZATION FUNDS FACTUAL JOURNALISM THAT ARMS THE PUBLIC WITH THE TRUTHS NEEDED TO HOLD INDIVIDUALS AND GROUPS ACCOUNTABLE FOR ACTIONS OR POLICIES THAT RUN COUNTER TO PROGRESSIVE VALUES.

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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 $18,422,779

Program Service Revenue $0

Investment Income $730

Other Revenue $0

TOTAL REVENUE $18,423,509

Expense Breakdown

Grants Paid $8,172,500

Salaries & Benefits $2,461,478

Fundraising Expenses $2,124,765

Program Expenses $13,575,451

Other Expenses $4,074,090

TOTAL EXPENSES $16,208,068

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,423,509	$26,134,884	-0.3%
Expenses	$16,208,068	$22,550,443	-0.3%
Net Income	$2,215,441	$3,584,441	-0.4%

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

$201,233

Total Directors

$45,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PILAR MARTINEZ	DIRECTOR, (FROM 10/16/2023)	5.00	Director	$44,448	$1,210	$45,658
DAVID BENNAHUM	CHAIR	1.00	Officer Director	$0	$0	$0
ANKIT DESAI	TREASURER, (FROM 10/16/2023)	1.00	Officer Director	$0	$0	$0
VICTORIA HOPPER	SECRETARY, (FROM 10/16/2023)	1.00	Officer Director	$0	$0	$0
DAVID JOLLY	DIRECTOR, (FROM 10/16/2023)	1.00	Director	$0	$0	$0
CARLOS MARROQUIN	DIRECTOR, (FROM 10/16/2023)	1.00	Director	$0	$0	$0
NICCO MELE	DIRECTOR, (FROM 10/16/2023)	1.00	Director	$0	$0	$0
JILL APER	DIRECTOR	1.00	Director	$0	$0	$0
MARISSA MCBRIDE	DIRECTOR, (UNTIL 10/16/2023)	1.00	Director	$0	$0	$0
SCOTT NIELSEN	DIRECTOR, (UNTIL 10/16/2023)	1.00	Director	$0	$0	$0
JESSICA MCCREIGHT	PRESIDENT, (UNTIL 12/12/2023)	40.00	Officer	$170,817	$12,416	$183,233
JOE CONASON	PRESIDENT , (FROM 12/12/2023)	20.00	Officer	$18,000	$0	$18,000
DHANYA ADDANKI	MANAGING EDITOR	40.00	Highest	$121,167	$6,996	$128,163
JESSICA STANDAFER BOLLES	DIGITAL DIRECTOR	40.00	Highest	$116,583	$9,771	$126,354
EMMA ROLLER	DEPUTY MANAGING EDITOR	40.00	Highest	$112,764	$13,305	$126,069
MATTHEW COHEN	POLITICAL REPORTER	40.00	Highest	$101,424	$6,399	$107,823

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	$18,423,509	$16,208,068	$8,127,867	$2,215,441
2022	$26,134,884	$22,550,443	$4,810,446	$3,584,441
2021	$4,909,163	$4,111,492	$1,222,309	$797,671
2020	$2,103,769	$2,022,585	$592,311	$81,184
2019	$1,322,183	$1,535,536	$280,384	$-213,353