FIRST DRAFT NEWS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

CLAIRE WARDLE

Phone

9178368567

Tax Period

2022-01-01 to 2022-12-31

FIRST DRAFT NEWS INC, founded in 2019, is a small nonprofit that reported $501K in total revenue in fiscal year 2022. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 194% operating deficit.

Mission

FIRST DRAFT WORKS TO PROTECT COMMUNITIES FROM HARMFUL INFORMATION WHEN IT MATTERS MOST, SHARING TIPS AND RESOURCES TO BUILD RESILIENCE AND EMPOWER PEOPLE WITH KNOWLEDGE.

Program Service Accomplishments

Program 1

Expenses: $863,423 Revenue: $319,102

RESEARCH AND INSIGHTS- FIRST DRAFT PRODUCED RESEARCH AND INSIGHTS ON MISINFORMATION AFFECTING THE NEWS CYCLE AND PROVIDED UPDATES TO JOURNALISTS THROUGH AN ONLINE COMMUNITY. FIRST DRAFT ALSO PRODUCED RESOURCE GUIDES AND LONGER-FORM RESEARCH ON MISINFORMATION NARRATIVES, POSTED ON THE ORGANIZATION'S WEBSITE AND THROUGH SOCIAL MEDIA.

Program 2

Expenses: $253,091 Revenue: $106,151

TRAININGS - FIRST DRAFT HELD VIRTUAL TRAINING EVENTS, GARNERING VIEWS FROM ATTENDEES AROUND THE WORLD INCLUDING JOURNALISTS, ACADEMICS, RESEARCHERS, HEALTH ORGANIZATIONS, AND OTHERS TO PROVIDE...

TRAININGS - FIRST DRAFT HELD VIRTUAL TRAINING EVENTS, GARNERING VIEWS FROM ATTENDEES AROUND THE WORLD INCLUDING JOURNALISTS, ACADEMICS, RESEARCHERS, HEALTH ORGANIZATIONS, AND OTHERS TO PROVIDE TRAINING ON INFORMATION VERIFICATION TECHNIQUES. MANY OF FIRST DRAFT'S TRAINING VIDEOS ARE AVAILABLE TO THE GENERAL PUBLIC ON YOUTUBE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $75,000

Program Service Revenue $425,253

Investment Income $468

Other Revenue $0

TOTAL REVENUE $500,721

Expense Breakdown

Grants Paid $368,619

Salaries & Benefits $513,612

Fundraising Expenses $17,350

Program Expenses $1,116,514

Other Expenses $590,881

TOTAL EXPENSES $1,473,112

Year-over-Year Comparison

	2022	2021	Change
Revenue	$500,721	$1,946,147	-0.7%
Expenses	$1,473,112	$2,335,134	-0.4%
Net Income	$-972,391	$-388,987	+1.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$291,203

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA MATUSIK	DIRECTOR	2.00	Director	$7,500	$0	$7,500
PAUL CHEUNG	DIRECTOR	2.00	Director	$5,000	$0	$5,000
ANUSHA ALIKHAN	DIRECTOR	2.00	Director	$2,500	$0	$2,500
DANIEL BRAMATTI	DIRECTOR	2.00	Director	$2,500	$0	$2,500
ARNOLD BROWN	DIRECTOR THRU 11/2022	2.00	Director	$2,500	$0	$2,500
LYNN SCHEID	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN ROSS	OPS. DIRECTOR, SECRETARY	40.00	Officer	$159,248	$19,386	$178,634
CLAIRE WARDLE	EXECUTIVE DIRECTOR THRU 12/2022	30.00	Officer	$109,492	$3,077	$112,569

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
2022	$500,721	$1,473,112	$730,795	$-972,391
2021	$1,946,147	$2,335,134	$1,848,129	$-388,987
2020	$3,837,384	$2,209,807	$2,116,681	$1,627,577
2019	$960,421	$501,717	$638,822	$458,704