FIRST DRAFT NEWS INC (EIN 833554102) - 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

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

TO PROTECT COMMUNITIES FROM HARMFUL MISINFORMATION AND TO EMPOWER SOCIETY WITH THE KNOWLEDGE, UNDERSTANDING, AND TOOLS NEEDED TO IDENTIFY FALSE AND MISLEADING 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 (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

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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

$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

FIRST DRAFT NEWS INC