THE SUN PUBLISHING COMPANY

EIN: 561187623 501(c)(3)

CHAPEL HILL, NC

Total Revenue
$2,755,614
Total Expenses
$3,201,782
Total Assets
$1,439,755
Net Assets
$1,383,065
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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
1977
Legal Domicile
NC
Principal Officer
ROBERT BOWERS
Phone
9199425282
Tax Period
2023-01-01 to 2023-12-31

THE SUN PUBLISHING COMPANY, founded in 1977, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Expenses of $3.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MAGAZINE IS AN AD-FREE MONTHLY MAGAZINE WHICH PUBLISHES AN ECLECTIC MIX OF PERSONAL ESSAYS INTERVIEWS FICTION POETRY AND PHOTOGRAPHS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $781,107
Program Service Revenue $1,948,369
Investment Income $26,138
Other Revenue $0
TOTAL REVENUE $2,755,614

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,611,501
Fundraising Expenses $100,022
Program Expenses $2,556,737
Other Expenses $1,590,281
TOTAL EXPENSES $3,201,782

Year-over-Year Comparison

2023 2022 Change
Revenue $2,755,614 $2,785,840 0.0%
Expenses $3,201,782 $3,363,140 0.0%
Net Income $-446,168 $-577,300 -0.2%
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

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Governance

Voting Members
4
Independent Members
3
Employees
17
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
4
$272,797
Total Directors
4
$75,097
Key Employees
2
$272,797
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Seymour Safransky President 40.00
Officer Director Key Emp
$75,097 $0 $75,097
Lewis Lipsitz Vice President 1.00
Officer Director
$0 $0 $0
Cindy Calderwood Treasurer 1.00
Officer Director
$0 $0 $0
Norma Safransky Director 1.00
Director
$0 $0 $0
Robert Bowers Publisher 60.00
Officer Key Emp Highest
$197,700 $0 $197,700
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
2023 $2,755,614 $3,201,782 $1,439,755 $-446,168
2022 $2,785,840 $3,363,140 $2,884,454 $-577,300
2021 $3,162,673 $3,012,074 $3,426,472 $150,599
2020 $3,077,080 $3,105,501 $3,272,939 $-28,421
2019 $3,280,923 $3,350,849 $3,318,015 $-69,926
2018 $3,171,817 $3,327,837 $3,385,330 $-156,020
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