KANSAS PRESS ASSOCIATION 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

2019

Legal Domicile

Principal Officer

JEFF COTT

Phone

7852715304

Tax Period

2024-01-01 to 2024-12-31

KANSAS PRESS ASSOCIATION INC, founded in 2019, is a small nonprofit in the Public & Societal Benefit sector that reported $527K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $608K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PRESERVE THE LEGACY AND TO ENSURE AND ADVANCE THE PROMINENCE OF KANSAS NEWSPAPERS AND THE COMMUNITIES THEY FAITHFULLY SERVE.

Program Service Accomplishments

Program 1

Expenses: $62,231 Revenue: $80,583

TO PRESERVE THE LEGACY AND ENSURE AND ADVANCE THE PROMINENCE OF KANSAS NEWSPAPERS AND THE COMMUNITIES THEY FAITHFULLY SERVE.

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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 $99,158

Program Service Revenue $80,583

Investment Income $7,623

Other Revenue $339,855

TOTAL REVENUE $527,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,180

Fundraising Expenses $0

Program Expenses $275,661

Other Expenses $377,623

TOTAL EXPENSES $607,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$527,219	$663,791	-0.2%
Expenses	$607,803	$677,242	-0.1%
Net Income	$-80,584	$-13,451	+5.0%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICKOLE BYERS	NW DIST DIRE	N/A	Director	$0	$0	$0
JEFF COTT	PRESIDENT	N/A	Officer Director	$0	$0	$0
JUDY DURYEE	SW DIST DIRE	N/A	Director	$0	$0	$0
CHRISTY HOPKINS	AT LARGE MEM	N/A	Director	$0	$0	$0
CHAD LAWHORN	FIRST VICE P	N/A	Officer Director	$0	$0	$0
BRIAN MCCAULEY	NE DISTRICT	N/A	Director	$0	$0	$0
JAY SENTER	PRES APPOINT	N/A	Director	$0	$0	$0
TIM STAUFFER	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
ADAM STRUNK	TRES/ 2ND VP	N/A	Officer 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	$527,219	$607,803	$516,837	$-80,584
2023	$663,791	$677,242	$601,728	$-13,451
2022	$887,815	$894,602	$658,026	$-6,787
2022	$887,815	$894,602	$658,026	$-6,787
2021	$739,914	$645,527	$616,310	$94,387
2020	$941,910	$834,680	$630,453	$107,230
2019	$777,400	$845,674	$502,908	$-68,274