CAROLINA PUBLIC PRESS INC (EIN 460801080) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Principal Officer

LISA LOPEZ

Phone

8287745290

Tax Period

2023-01-01 to 2023-12-31

CAROLINA PUBLIC PRESS INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $404K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $643K exceeded revenue, resulting in a 59% operating deficit.

Mission

ONLINE NEWS SERVICE FOCUSING ON NORTH CAROLINA

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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 $403,153

Program Service Revenue $0

Investment Income $485

Other Revenue $545

TOTAL REVENUE $404,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $436,114

Fundraising Expenses $40,210

Program Expenses $537,387

Other Expenses $206,950

TOTAL EXPENSES $643,064

Year-over-Year Comparison

	2023	2022	Change
Revenue	$404,183	$600,397	-0.3%
Expenses	$643,064	$702,985	-0.1%
Net Income	$-238,881	$-102,588	+1.3%

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

$134,030

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BARNWELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICK DORAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ROBERT LEWIS	TREASURER	2.00	Officer Director	$0	$0	$0
VICTORIA HICKS	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHER CHUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ELLEN HELMS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HURAND	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY NEHLS NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEITRA WILLIAMS-TOONE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELIA NEWSOME	EXECUTIVE DI	40.00	Officer	$44,409	$1,028	$45,437
LISA LOPEZ	INTERIM EXEC	40.00	Officer	$85,730	$2,863	$88,593

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	$404,183	$643,064	$163,375	$-238,881
2022	$600,397	$702,985	$413,237	$-102,588
2021	$794,749	$625,517	$504,941	$169,232
2020	$623,820	$520,015	$367,633	$103,805
2019	$397,267	$338,690	$230,261	$58,577
2018	$311,840	$186,974	$168,107	$124,866

CAROLINA PUBLIC PRESS INC