WORLD PRESS INSTITUTE

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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

1963

Legal Domicile

Principal Officer

ZACH MULLINAX

Phone

6512453306

Tax Period

2024-06-01 to 2025-05-31

WORLD PRESS INSTITUTE, founded in 1963, is a small nonprofit in the Youth Development sector that reported $475K in total revenue in fiscal year 2024. Expenses of $407K left a modest 14% surplus.

Mission

TO PROMOTE AND STRENGTHEN PRESS FREEDOM THROUGHOUT THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $298,936

FOR ITS FISCAL YEAR THAT ENDED ON MAY 31, 2025, THE WORLD PRESS INSTITUTE (WPI) FOCUSED ON INTERNATIONAL COLLABORATION AND THE IMPORTANT ROLE OF THE MEDIA WITHIN DEMOCRATIC PROCESSES. IT HELD A MAJOR CONFERENCE IN SOFIA, BULGARIA, IN APRIL 2025, BRINGING TOGETHER JOURNALISTS AND MEDIA LEADERS TO DISCUSS PRESS FREEDOM, MEDIA INNOVATION, AND THE EVOLVING CHALLENGES FACING GLOBAL JOURNALISM. IN ADDITION, WPI CONDUCTED ITS FLAGSHIP U.S. FELLOWSHIP PROGRAM, PROVIDING INTERNATIONAL JOURNALISTS WITH AN IMMERSIVE EXPERIENCE ACROSS THE UNITED STATES. THROUGH BRIEFINGS, SITE VISITS, AND DIALOGUE WITH LEADING MEDIA PROFESSIONALS, POLICYMAKERS, AND ACADEMIC EXPERTS, FELLOWS GAINED INSIGHT INTO THE AMERICAN MEDIA LANDSCAPE, DEMOCRATIC INSTITUTIONS, AND THE ROLE OF A FREE PRESS IN SOCIETY.THESE INITIATIVES REAFFIRM WPI'S COMMITMENT TO ADVANCING JOURNALISM INTERNATIONALLY THROUGH EDUCATION, PROFESSIONAL EXCHANGE, AND CROSS-CULTURAL ENGAGEMENT.

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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 $471,378

Program Service Revenue $0

Investment Income $0

Other Revenue $3,661

TOTAL REVENUE $475,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,091

Fundraising Expenses $6,015

Program Expenses $298,936

Other Expenses $284,332

TOTAL EXPENSES $407,423

Year-over-Year Comparison

	2024	2023	Change
Revenue	$475,039	$475,610	0.0%
Expenses	$407,423	$179,055	+1.3%
Net Income	$67,616	$296,555	-0.8%

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

100

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

$112,308

Total Directors

$32,308

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MCDONALD	EXECUTIVE CHAIR	40.00	Officer Director	$32,308	$0	$32,308
LORI JOHNSON	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DAN E GAHLON	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JOHN TUNHEIM	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JAMES FALLOWS	DIRECTOR	2.00	Director	$0	$0	$0
NINA FUDALA	DIRECTOR	2.00	Director	$0	$0	$0
DENISE JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
CONRAD KIECHEL	DIRECTOR	2.00	Director	$0	$0	$0
BRUNO LOPEZ	DIRECTOR	2.00	Director	$0	$0	$0
LUCAS MENDES	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MONTGOMERY	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER KIP MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
HOWARD MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
KAIUS NIEMI	DIRECTOR	2.00	Director	$0	$0	$0
ERIC NILSSON	DIRECTOR	2.00	Director	$0	$0	$0
CAMILLA BATH	DIRECTOR	2.00	Director	$0	$0	$0
JOE JOHNSTON	DIRECTOR	2.00	Director	$0	$0	$0
ZACH MULLINAX	EXECUTIVE DIRECTOR	40.00	Officer	$80,000	$0	$80,000

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
2025	$475,039	$407,423	$360,737	$67,616
2024	$475,610	$179,055	$298,181	$296,555
2023	$200,817	$403,820	$5,988	$-203,003
2022	$267,671	$336,898	$215,922	$-69,227
2020	$217,294	$366,127	$277,457	$-148,833
2019	$593,436	$325,344	$398,528	$268,092
2018	$301,965	$295,868	$128,403	$6,097