KERNEL PRESS 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

1971

Legal Domicile

Principal Officer

DUANE BONIFER

Phone

8592576524

Tax Period

2020-07-01 to 2021-06-30

KERNEL PRESS INC, founded in 1971, is a micro nonprofit that reported $59K in total revenue in fiscal year 2020. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO EDUCATE COLLEGE STUDENTS IN THE AREA OF JOURNALISM THROUGH PUBLICATION AND ADVERTISING SALES ASSIGNMENTS FOR A CAMPUS NEWSPAPER.

Program Service Accomplishments

Program 1

Expenses: $57,733 Revenue: $59,437

PROGRAM SERVICES INCLUDE EDUCATION OF STUDENTS THROUGH PUBLICATION OF A CAMPUS NEWSPAPER. IN ADDITION TO NEWS ITEMS AND EDITORIAL COMMENTARY, THE NEWSPAPER PUBLISHES PAID ADVERTISING. THE SALE...

PROGRAM SERVICES INCLUDE EDUCATION OF STUDENTS THROUGH PUBLICATION OF A CAMPUS NEWSPAPER. IN ADDITION TO NEWS ITEMS AND EDITORIAL COMMENTARY, THE NEWSPAPER PUBLISHES PAID ADVERTISING. THE SALE, SOLICITATION AND PUBLICATION OF THE ADVERTISING ARE CONDUCTED BY STUDENTS UNDER THE SUPERVISION AND INSTRUCTION OF STAFF. ALTHOUGH THE SERVICES RENDERED TO ADVERTISERS ARE COMMERCIAL IN NATURE, THE ADVERTISING BUSINESS CONTRIBUTES IMPORTANTLY TO THE EDUCATION PROGRAM THROUGH TRAINING OF THE STUDENTS INVOLVED. HENCE, NONE OF THE INCOME DERIVED FROM PUBLICATION OF THE NEWSPAPER CONSTITUTES GROSS INCOME FROM UNRELATED TRADE OR BUSINESS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $59,437

Investment Income $0

Other Revenue $0

TOTAL REVENUE $59,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,499

Fundraising Expenses $0

Program Expenses $57,733

Other Expenses $20,131

TOTAL EXPENSES $67,630

Year-over-Year Comparison

	2020	2019	Change
Revenue	$59,437	$99,802	-0.4%
Expenses	$67,630	$125,419	-0.5%
Net Income	$-8,193	$-25,617	-0.7%

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

$529,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUANE BONIFER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREG HALL	MEMBER	1.00	Director	$0	$0	$79,716
JACK GUTHRIE	MEMBER	1.00	Director	$0	$0	$0
MARY BARTON	MEMBER	1.00	Director	$0	$0	$43,493
MARY BOLIN	MEMBER	1.00	Director	$0	$0	$130,808
MIKE FARRELL	MEMBER	1.00	Director	$0	$0	$111,401
RYAN CRAIG	MEMBER	1.00	Director	$0	$0	$75,000
SCOOBIE RYAN	MEMBER	1.00	Director	$0	$0	$89,249
TOM CAUDILL	MEMBER	1.00	Director	$0	$0	$0
TRACY STALEY	SECRETARY	1.00	Officer Director	$0	$0	$0
RACHAEL ARETAKIS	MEMBER	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
2021	$59,437	$67,630	$934	$-8,193
2020	$99,802	$125,419	$9,127	$-25,617
2019	$123,283	$137,829	$34,744	$-14,546
2018	$185,695	$240,432	$56,810	$-54,737