Aspen Journalism

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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

2011

Legal Domicile

Principal Officer

Mark Harvey

Phone

3038777729

Tax Period

2023-01-01 to 2023-12-31

Aspen Journalism, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $494K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $461K left a modest 7% surplus.

Mission

To produce investigative journalism, as well-informed citizens make better decisions.

Program Service Accomplishments

Program 1

Expenses: $347,160

Aspen Journalism is a local, nonprofit, and investigative journalism organization founded in Aspen, Colorado on January 17, 2011. Our mission is to produce investigative journalism to the benefit of all those with a stake in Aspen and the Roaring Fork River Valley. Our area of geographic interest radiates outward from Aspen to include Pitkin, Eagle and Garfield counties, the Roaring Fork Valley, the Roaring Fork River watershed, the Western Slope, the state of Colorado, and the upper Colorado River basin. Aspen Journalism takes a "shoeleather" approach to beat reporting, and we usually work in collaboration with other local and regional news organizations. After we publish our stories on the Aspen Journalism website, other news organizations are invited to publish them, without charge, under our Creative Commons guidelines. Aspen Journalism is a member the Colorado Press Association, the Institute for Nonprofit News, LION (Local Independent Online News Publishers), and the Aspen Chamber Resort Association. Our journalism has been recognized with awards from the Colorado Press Association and the Society of Professional Journalists. Our newsroom is in the Benedict Building in Aspen at 1280 Ute Avenue, Suite 9. (The office door has a mail slot that makes it easy to drop off documents). We have earned the platinum seal of transparency from Guidestar.

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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 $493,966

Program Service Revenue $0

Investment Income $214

Other Revenue $0

TOTAL REVENUE $494,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,367

Fundraising Expenses $83,724

Program Expenses $347,160

Other Expenses $190,294

TOTAL EXPENSES $460,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$494,180	$431,394	+0.1%
Expenses	$460,661	$385,930	+0.2%
Net Income	$33,519	$45,464	-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

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

Total Directors

$97,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael McVoy	Director	1.00	Director	$0	$0	$0
Harry Teague	Director	1.00	Director	$0	$0	$0
Jane Pargiter	Director	1.00	Director	$0	$0	$0
Cristal Logan	Director	1.00	Director	$0	$0	$0
Tim McFlynn	Vice President	3.00	Officer Director	$0	$0	$0
Mark Harvey	President	1.00	Officer Director	$0	$0	$0
Curtis Wackerle	Executive Director	40.00	Director	$97,460	$0	$97,460
Carolyne Heldman Rovira	Director	1.00	Director	$0	$0	$0
Omar Sarabia	Director	1.00	Director	$0	$0	$0
Laurie Michaels	Director	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	No data	No data	No data	No data
2023	$494,180	$460,661	$133,895	$33,519
2022	$431,394	$385,930	$100,376	$45,464
2021	$393,895	$405,701	$54,912	$-11,806
2020	$420,495	$398,778	$66,718	$21,717
2019	$311,134	$312,279	$45,501	$-1,145
2018	$209,475	$202,826	$46,646	$6,649