RESOLVE PHILADELPHIA 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

2019

Legal Domicile

Principal Officer

JEAN FRIEDMAN-RUDOVSKY

Phone

2153093166

Tax Period

2023-01-01 to 2023-12-31

RESOLVE PHILADELPHIA INC, founded in 2019, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 29% operating margin.

Mission

IN A TIME OF WIDESPREAD MISTRUST, POLITICAL DIVISION, AND INDUSTRY UPHEAVAL, JOURNALISTS MUST HAVE A NEW RESOLVE: THEY MUST CONSIDER NOT JUST WHAT THEY REPORT, BUT HOW THEY FIND, FRAME, AND TELL STORIES ABOUT COMMUNITIES WHO ARE OFTEN INACCURATELY DEPICTED IN THE MEDIA. JOURNALISTS OFTEN DO NOT CONSIDER THE PERSPECTIVES OF COMMUNITY MEMBERS IN HOW COVERAGE IS CONCEIVED, OFTEN LEADING TO CONCEPTS AND LANGUAGE THAT PROMOTE STEREOTYPES, ERASE NUANCE, OR HIGHLIGHT IMPLICIT BIAS. RESOLVE PHILLY WAS FORMED TO ADDRESS HOW THE INDUSTRY CAN MORE EFFECTIVELY COVER THESE COMMUNITIES PARTICULARLY THOSE EXPERIENCING RACIAL INJUSTICE AND ECONOMIC HARDSHIP BY INCLUDING THEIR PERSPECTIVES AND VOICES DIRECTLY IN REPORTING. ELEVATING THOSE VOICES ENABLES COMMUNITIES TO TELL THEIR OWN STORIES AND HELPS TO CHANGE THE PERCEPTIONS THAT PERPETUATE DISCRIMINATION.

Program Service Accomplishments

Program 1

Expenses: $1,168,081 Revenue: $112,261

RESOLVE PHILLY'S PURPOSE IS TO DEVELOP AND ADVANCE JOURNALISM ROOTED IN EQUITY, COLLABORATION, AND THE ELEVATION OF COMMUNITY VOICES AND SOLUTIONS, WHICH THE CORPORATION ACHIEVES BY UNDERTAKING THE FOLLOWING ACTIVITIES: BUILDING, MANAGING, AND EXECUTING SHORT-TERM AND LONG-TERM COLLABORATIVE REPORTING PROJECTS, DEVELOPING NARRATIVE RESOURCES AND DIGITAL TOOLS FOR NEWSROOMS, PUBLISHING NEWSLETTERS, COMMUNITY ENGAGEMENT EVENTS, AND RESEARCH AND EVALUATION OF NEWSROOM AND COMMUNITY IMPACT.

Program 2

Expenses: $377,901

SHAKE THE TABLE - EMPOWERS COMMUNITIES TO HOLD THEIR ELECTED CITY OFFICIALS ACCOUNTABLE BY DEMYSTIFYING CITY GOVERNMENT PROCESSES AND OPERATING DEPARTMENTS. WITH CIVIC ENGAGEMENT AND GOVERNMENT...

SHAKE THE TABLE - EMPOWERS COMMUNITIES TO HOLD THEIR ELECTED CITY OFFICIALS ACCOUNTABLE BY DEMYSTIFYING CITY GOVERNMENT PROCESSES AND OPERATING DEPARTMENTS. WITH CIVIC ENGAGEMENT AND GOVERNMENT ACCOUNTABILITY AT THE CORE OF ITS APPROACH, RESOLVE LAUNCHED STT IN APRIL 2022 AS A SIX-YEAR REPORTING AND COMMUNITY ENGAGEMENT PROJECT THAT PROVIDES CLEAR MECHANISMS AND NEW CHANNELS FOR RESIDENTS TO ACTIVELY ENGAGE WITH CITY GOVERNMENT. THROUGH THIS WORK, RESOLVE EQUIPS PHILADELPHIANS WITH THE SKILLS NEEDED TO UNDERSTAND AND INTERROGATE THE LARGER SYSTEMS THAT TYPICALLY THWART RESIDENT-DRIVEN AND LONG-TERM APPROACHES TO SOLVING A COMMUNITY'S MOST URGENT CHALLENGES. A CORE PART OF STT IS DOCUMENTERS, THROUGH WHICH RESOLVE RECRUITS, TRAINS, AND PAYS PHILADELPHIA-AREA RESIDENTS TO ATTEND MUNICIPAL GOVERNMENT MEETINGS OR HEARINGS AND TAKE NOTES, BUILDING A NEW PUBLIC RECORD OF OUR CITY'S GOVERNMENT.

Program 3

Expenses: $419,910

EQUALLY INFORMED - WORKS TO BRIDGE THE INFORMATION DIVIDE, REDUCING BARRIERS FOR VULNERABLE RESIDENTS WHO NEED TRUSTWORTHY INFORMATION TO LIVE AND THRIVE IN PHILLY. EQUALLY INFORMED ALSO INVEST...

EQUALLY INFORMED - WORKS TO BRIDGE THE INFORMATION DIVIDE, REDUCING BARRIERS FOR VULNERABLE RESIDENTS WHO NEED TRUSTWORTHY INFORMATION TO LIVE AND THRIVE IN PHILLY. EQUALLY INFORMED ALSO INVEST DEEPLY IN UNDERESTIMATED VOICES AND COMMUNITY STORYTELLERS. EQUALLY INFORMED PROVIDES A COMMUNITY-DRIVEN PRINT NEWSLETTER AND THE EQUAL INFO LINE, A FREE BI-LINGUAL (ENGLISH AND SPANISH) QUESTION AND ANSWER TEXTING SERVICE THAT ALSO PROVIDES VETTED LOCAL NEWS AND RESOURCES TO SUBSCRIBERS.

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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 $4,285,667

Program Service Revenue $112,261

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,397,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,392,424

Fundraising Expenses $173,733

Program Expenses $1,965,892

Other Expenses $745,497

TOTAL EXPENSES $3,137,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,397,928	$2,443,342	+0.8%
Expenses	$3,137,921	$2,488,396	+0.3%
Net Income	$1,260,007	$-45,054	-29.0%

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

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

$249,999

Total Directors