WHITE HOUSE NEWS PHOTOGRAPHERS ASSOCIATION (EIN 526043226) - 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

1921

Legal Domicile

Principal Officer

CHIP SOMODEVILLA

Phone

2023836067

Tax Period

2023-10-01 to 2024-09-30

WHITE HOUSE NEWS PHOTOGRAPHERS ASSOCIATION, founded in 1921, is a small nonprofit that reported $265K in total revenue in fiscal year 2023. Expenses of $253K left a modest 4% surplus.

Mission

TO ADVANCE AND PROMOTE ALL PHASES OF PHOTOJOURNALISM WITH EDUCATIONAL PROGRAMS, FINANCIAL ASSISTANCE AND SCHOLARSHIPS.

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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 $98,026

Program Service Revenue $140,333

Investment Income $0

Other Revenue $26,159

TOTAL REVENUE $264,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $233,605

Other Expenses $252,941

TOTAL EXPENSES $252,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,518	$267,252	0.0%
Expenses	$252,941	$251,759	+0.0%
Net Income	$11,577	$15,493	-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

N/A

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
INDIRA WILLIAMS BABIC	BOARD MEMBER	N/A	Director	$0	$0	$0
JONATHAN ERNST	BOARD MEMBER	N/A	Director	$0	$0	$0
VICTORIA FLEISCHER	BOARD MEMBER	N/A	Director	$0	$0	$0
CAROL GUZY	BOARD MEMBER	N/A	Director	$0	$0	$0
DAN HUFF	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID POSTOVIT	BOARD MEMBER	N/A	Director	$0	$0	$0
WHITNEY SHEFTE	EX OFFICIO	N/A	Director	$0	$0	$0
KEVIN DIETSCH	SECRETARY	N/A	Officer	$0	$0	$0
ANDREW HARNIK	VICE PRESIDE	N/A	Officer	$0	$0	$0
JESSICA KOSCIELNIAK	PRESIDENT	N/A	Officer	$0	$0	$0
CHIP SOMODEVILLA	TREASURER	N/A	Officer	$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	$264,518	$252,941	$167,061	$11,577
2023	$267,252	$251,759	$155,484	$15,493
2022	$245,064	$236,518	$139,991	$8,546
2021	$179,934	$68,849	$131,445	$111,085
2020	$39,336	$59,680	$20,360	$-20,344
2019	$244,906	$227,961	$40,704	$16,945
2018	$215,688	$229,734	$23,759	$-14,046

WHITE HOUSE NEWS PHOTOGRAPHERS ASSOCIATION