THE GROUNDTRUTH PROJECT INC

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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

ROBERT ZEASKE

Phone

6174126130

Tax Period

2024-01-01 to 2024-12-31

THE GROUNDTRUTH PROJECT INC, founded in 2012, is a mid-sized nonprofit in the Employment sector that reported $16.1M in total revenue in fiscal year 2024. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.4M, a strong 40% operating margin.

Mission

THE GROUNDTRUTH PROJECT, INC. (THE ORGANIZATION), A NONPROFIT CORPORATION, WAS FOUNDED TO RESTORE JOURNALISM FROM THE GROUND UP BY SUPPORTING THE NEXT GENERATION OF JOURNALISTS THROUGH FIELD REPORTING THAT SERVES UNDER-COVERED CORNERS OF THE UNITED STATES AND THE WORLD. THE ORGANIZATION FOCUSES ON TRAINING AND DEVELOPING THE CRAFT OF JOURNALISM AND THE POWER OF ACCOUNTABILITY REPORTING. WHILE MEETING THE CHALLENGES OF COMMUNICATING FAIR, TRUSTED NEWS IN AN AGE WHERE IT SOMETIMES FEELS TRUTH ITSELF IS UNDER ATTACK, THE ORGANIZATION SEEKS TO SUPPORT ON-THE-GROUND JOURNALISM THAT ENLIGHTENS AND INFORMS WITH A SPIRIT OF PUBLIC SERVICE.

Program Service Accomplishments

Program 1

Expenses: $7,995,178

THE ORGANIZATION'S PROGRAMS BUILD AN ENGAGED COMMUNITY AROUND IMPACTFUL JOURNALISM AND POWERFUL STORYTELLING BY A NEW GENERATION, WHILE SUPPORTING THEIR CAREERS AS FELLOWS, CORPS MEMBERS AND ALUMNI. SINCE INCORPORATION ON AUGUST 8, 2012, THE ORGANIZATION HAS SUPPORTED MORE THAN 800 EMERGING JOURNALISTS THROUGH ITS FLAGSHIP PROGRAMS REPORT FOR AMERICA AND REPORT FOR THE WORLD.

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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 $16,105,736

Program Service Revenue $0

Investment Income $5,496

Other Revenue $0

TOTAL REVENUE $16,111,232

Expense Breakdown

Grants Paid $3,509,931

Salaries & Benefits $4,272,726

Fundraising Expenses $557,982

Program Expenses $7,995,178

Other Expenses $1,903,167

TOTAL EXPENSES $9,685,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,111,232	$7,537,345	+1.1%
Expenses	$9,685,824	$10,186,968	0.0%
Net Income	$6,425,408	$-2,649,623	-3.4%

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

$808,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE HEYMAN	DIRECTOR & CHAIR	1.00	Director	$0	$0	$0
CHRISTOPHER BAKE	DIRECTOR & CHAIR EMERITUS	1.00	Director	$0	$0	$0
DINESH BALLIAH	DIRECTOR	1.00	Director	$0	$0	$0
DEAN BAQUET	DIRECTOR	1.00	Director	$0	$0	$0
JIM BILDNER	DIRECTOR	1.00	Director	$0	$0	$0
MARK CONTRERAS	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN DALESSANDRO	DIRECTOR & CHAIR EMERITUS	1.00	Director	$0	$0	$0
DAVID FEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
AMY GUGGENHEIM SHENKAN	DIRECTOR	1.00	Director	$0	$0	$0
ALAN KHAZEI	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN MERANUS	DIRECTOR	1.00	Director	$0	$0	$0
GARCIELA MOCHKOFSKY	DIRECTOR	1.00	Director	$0	$0	$0
MARIBEL PEREZ WADSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
ANYA SCHIFFRIN	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN SIMS	DIRECTOR	1.00	Director	$0	$0	$0
DAHNI TSUBOI	DIRECTOR	1.00	Director	$0	$0	$0
KAREN TOULON	DIRECTOR	1.00	Director	$0	$0	$0
ANN DAVIS VAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL WHITAKER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN WALDMAN	EX-OFFICIO	1.00	Director	$0	$0	$0
ROBERT BENJAMIN ZEASKE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$300,552	$0	$300,552
CHARLES M SENNOTT	EDITOR IN CHIEF	40.00	Officer	$266,132	$45,246	$311,378
STEPHANIE ANN SCHMIDT	CHIEF FINANCIAL OFFICER	40.00	Officer	$173,346	$23,551	$196,897
KIMBERLY DAWN KLEMAN	EXECUTIVE DIRECTOR, RFA	40.00	Highest	$155,605	$13,420	$169,025
HOWARD EARL JOHNSON	VP OF RECRT, ADM AND ALUMNI ENG	40.00	Highest	$139,028	$0	$139,028
KATHERINE EDMONDSON	CONTROLLER	40.00	Highest	$124,090	$14,283	$138,373
MAGGIE WONG	DIRECTOR OF DEVE OPERATIONS	40.00	Highest	$117,857	$17,121	$134,978
RACHEL NAVA ROHR	VP OF PROGRAM DEV	40.00	Highest	$113,289	$35,115	$148,404

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	$16,111,232	$9,685,824	$12,160,461	$6,425,408
2023	$7,537,345	$10,186,968	$5,980,000	$-2,649,623
2022	$9,104,580	$12,665,341	$9,332,666	$-3,560,761
2021	$12,726,930	$11,263,930	$12,977,835	$1,463,000
2020	$7,773,897	$8,483,771	$11,133,030	$-709,874
2019	$8,894,727	$4,335,841	$11,170,353	$4,558,886
2018	$6,438,747	$2,249,690	$6,106,812	$4,189,057