NORTH CAROLINA PRESS FOUNDATION (EIN 561935858) - 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

1995

Legal Domicile

Principal Officer

PHIL LUCEY

Phone

9195168015

Tax Period

2023-08-01 to 2024-07-31

NORTH CAROLINA PRESS FOUNDATION, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $302K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $334K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROTECT FREE PRESS THROUGH PROMOTION AND EDUCATION

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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 $179,200

Program Service Revenue $90,000

Investment Income $32,325

Other Revenue $0

TOTAL REVENUE $301,525

Expense Breakdown

Grants Paid $249,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $281,984

Other Expenses $84,735

TOTAL EXPENSES $334,435

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,525	$335,176	-0.1%
Expenses	$334,435	$318,602	+0.0%
Net Income	$-32,910	$16,574	-3.0%

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

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

$91,586

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL LUCEY	EXECUTIVE DI	N/A	Officer	$0	$0	$91,586
STEVE BUCKLEY	DIRECTOR	1.00	Director	$0	$0	$0
LES HIGH	DIRECTOR	1.00	Director	$0	$0	$0
MONICA HILL	EX OFFICIO	1.00	Director	$0	$0	$0
BILL HORNER III	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA MARTIN	SECRETARY	1.00	Director	$0	$0	$0
BILL MOSS	DIRECTOR	1.00	Director	$0	$0	$0
DEUCE NIVEN	DIRECTOR	1.00	Director	$0	$0	$0
TED VADEN	PRESIDENT	1.00	Director	$0	$0	$0
RIP WOODIN	DIRECTOR	1.00	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	$301,525	$334,435	$892,742	$-32,910
2023	$335,176	$318,602	$892,747	$16,574
2022	$300,067	$256,842	$865,801	$43,225
2021	$289,925	$226,520	$910,281	$63,405
2020	$148,026	$83,513	$739,973	$64,513
2019	$157,488	$75,994	$696,192	$81,494
2018	$128,297	$97,450	$622,888	$30,847

NORTH CAROLINA PRESS FOUNDATION