RED & BLACK PUBLISHING COMPANY INC (EIN 581410389) - 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

1980

Legal Domicile

Principal Officer

CHARLOTTE VARNUM

Phone

7064333009

Tax Period

2023-01-01 to 2023-12-31

RED & BLACK PUBLISHING COMPANY INC, founded in 1980, is a small nonprofit that reported $786K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 55% operating deficit.

Mission

THE RED & BLACK IS AN INDEPENDENT, NONPROFIT STUDENT MEDIA ORGANIZATION WITH THE DUAL MISSIONS OF TRAINING STUDENTS FOR FUTURE CAREERS IN THE NEWS INDUSTRY WHILE SERVING OUR COMMUNITY AS A CREDIBLE, COMPELLING, INDEPENDENT SOURCE OF NEWS AND INFORMATION.

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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 $111,637

Program Service Revenue $387,665

Investment Income $122,060

Other Revenue $164,579

TOTAL REVENUE $785,941

Expense Breakdown

Grants Paid $8,500

Salaries & Benefits $649,032

Fundraising Expenses $23,755

Program Expenses $1,080,924

Other Expenses $559,524

TOTAL EXPENSES $1,217,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$785,941	$820,233	0.0%
Expenses	$1,217,056	$1,113,095	+0.1%
Net Income	$-431,115	$-292,862	+0.5%

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

103

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

$103,954

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLOTTE VARNUM	EXECUTIVE DI	40.00	Officer	$88,529	$0	$88,529
REBECCA BURNS	EXECUTIVE DI	40.00	Officer	$15,425	$0	$15,425
MARK BIXLER	EDITORIAL CH	3.00	Director	$0	$0	$0
AMY COX	EDITORIAL CO	3.00	Director	$0	$0	$0
ALI GANT	GOVERNANCE C	3.00	Director	$0	$0	$0
LEE GUARNELLA	VICE CHAIR	3.00	Director	$0	$0	$0
JAMAR LASTER	CHAIR	6.00	Director	$0	$0	$0
JAIME MCMURTRIE	FUNDRAISING	3.00	Director	$0	$0	$0
DAVID PEKTAS	GOVERNANCE C	3.00	Director	$0	$0	$0
TRACIE POWELL	GOVERNANCE C	3.00	Director	$0	$0	$0
KRISTI RAMSAY	FUNDRAISING	3.00	Director	$0	$0	$0
JAMES ROBINSON	ADVERTISING	3.00	Director	$0	$0	$0
MARK JOHNSON	EDITORIAL/GO	3.00	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	No data	No data	No data	No data
2023	$785,941	$1,217,056	$3,561,083	$-431,115
2022	$820,233	$1,113,095	$3,639,181	$-292,862
2021	$385,213	$551,244	$4,584,563	$-166,031
2021	$519,504	$745,992	$4,644,249	$-226,488
2020	$866,645	$839,855	$4,051,809	$26,790
2019	$679,535	$880,585	$4,158,180	$-201,050
2018	$715,282	$998,886	$4,591,187	$-283,604

RED & BLACK PUBLISHING COMPANY INC