THE TRUST PROJECT

EIN: 833152419 501(c)(3)

PACIFICA, CA

Total Revenue
$576,371
Total Expenses
$1,348,488
Total Assets
$583,222
Net Assets
$451,750
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
SALLY LEHRMAN
Phone
6507288211
Tax Period
2023-01-01 to 2023-12-31

THE TRUST PROJECT, founded in 2018, is a small nonprofit that reported $576K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 134% operating deficit.

Mission

THIS CORPORATION'S PURPOSE IS TO DEVELOP AND ADVANCE PROJECTS THAT PROMOTE EXCELLENCE AND TRUST IN JOURNALISM. THE TRUST PROJECT'S MISSION IS TO BUILD A MORE TRUSTED AND TRUSTWORTHY PRESS THROUGH WORKING WITH NEWS ORGANIZATIONS, THE PUBLIC, AND TECHNOLOGY COMPANIES TO AFFIRM AND AMPLIFY JOURNALISM'S COMMITMENT TO TRANSPARENCY, ACCURACY, INCLUSION, AND FAIRNESS SO THAT THE PUBLIC CAN MAKE INFORMED NEWS CHOICES.

Program Service Accomplishments

Program 1
Expenses: $1,230,992 Revenue: $10,000

THE ORGANIZATION'S PRIMARY PURPOSE IS TO WORK WITH NEWS ORGANIZATIONS TO IMPLEMENT A SET OF EIGHT PROPRIETARY TRUST INDICATORS, WHICH ARE A SET OF TRANSPARENCY DISCLOSURES PROVIDED ON NEWS SITES...

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THE ORGANIZATION'S PRIMARY PURPOSE IS TO WORK WITH NEWS ORGANIZATIONS TO IMPLEMENT A SET OF EIGHT PROPRIETARY TRUST INDICATORS, WHICH ARE A SET OF TRANSPARENCY DISCLOSURES PROVIDED ON NEWS SITES GLOBALLY AND WHICH PROVIDE CLEAR INFORMATION THAT HELPS EDUCATE THE GENERAL PUBLIC SO THAT THEY MAY RECOGNIZE WHEN A NEWS SITE IS TRULY INDEPENDENT FROM BUSINESS, POLITICAL OR GOVERNMENT INFLUENCE, AND HOW IT ADHERES TO THE PRINCIPLES OF ETHICAL, ACCURATE NEWS REPORTING. NEWS SITES EARN THE TRUST MARK LOGO THROUGH IMPLEMENTING THE TRUST INDICATORS AND COMMITTING TO PRODUCE NONPARTISAN, RESPONSIBLE JOURNALISM IN THE PUBLIC INTEREST.THE TRUST INDICATORS WERE DEVELOPED THROUGH A USER-CENTERED COLLABORATIVE PROCESS THAT INVOLVED USER RESEARCH AND ACTIVITIES WITH NEWS EXECUTIVES FROM MORE THAN 260 NEWS ORGANIZATIONS AROUND THE WORLD, AND IN PUBLIC WORKSHOPS. TECHNOLOGY COMPANIES CONTRIBUTED INSIGHTS ON THE TECHNICAL MARKUP, WHICH IS IN SCHEMA.ORG VOCABULARY. THESE ACTIVITIES TOOK PLACE ONLINE AND THROUGH IN-PERSON WORKSHOPS HELD IN THE SAN FRANCISCO BAY AREA, DENVER, INDIANAPOLIS, ROME, SEATTLE, LONDON, NEW YORK AND TORONTO.IN 2023, THE ORGANIZATION STRENGTHENED NEWS INTEGRITY INFRASTRUCTURE GLOBALLY THROUGH SITE TRAININGS AND COACHING; EXPANDED TO ABOUT 300 APPROVED NEWS SITES; LED WORKING GROUPS AND WORKSHOPS TO ENHANCE OUR COMMUNITY OF PRACTICE; CONDUCTED RESEARCH IN NATIVE POPULATIONS TO BETTER UNDERSTAND THEIR NEWS EXPERIENCE; RAN AN EDUCATIONAL ADVERTISING CAMPAIGN TO INVITE PUBLIC ENGAGEMENT WITH TRUSTWORTHY NEWS.

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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 $550,000
Program Service Revenue $10,000
Investment Income $16,371
Other Revenue $0
TOTAL REVENUE $576,371

Expense Breakdown

Grants Paid $0
Salaries & Benefits $662,169
Fundraising Expenses $11,752
Program Expenses $1,230,992
Other Expenses $686,319
TOTAL EXPENSES $1,348,488

Year-over-Year Comparison

2023 2022 Change
Revenue $576,371 $507,427 +0.1%
Expenses $1,348,488 $963,432 +0.4%
Net Income $-772,117 $-456,005 +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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Governance

Voting Members
4
Independent Members
3
Employees
5
Volunteers
3

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
$215,497
Total Directors
4
$215,497
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SALLY LEHRMAN CEO 40.00
Officer Director
$198,333 $17,164 $215,497
MAUREEN COSTELLO TREASURER 1.00
Officer Director
$0 $0 $0
LEE HILL SECRETARY 1.00
Officer Director
$0 $0 $0
LOUIS JONES CHAIRMAN OF THE BOARD 1.00
Officer 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 No data No data No data No data
2023 $576,371 $1,348,488 $583,222 $-772,117
2022 $507,427 $963,432 $1,321,551 $-456,005
2021 $951,360 $793,348 $1,740,365 $158,012
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