FORT WORTH REPORT

EIN: 834688357 501(c)(3) Public & Societal Benefit

FORT WORTH, TX

Total Revenue
$1,848,949
Total Expenses
$2,089,141
Total Assets
$1,397,380
Net Assets
$1,397,380
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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
TX
Principal Officer
WILLIAM MEADOWS
Phone
8178783595
Tax Period
2023-01-01 to 2023-12-31

FORT WORTH REPORT, founded in 2019, is a community nonprofit in the Public & Societal Benefit sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

WE PLEDGE TO PRODUCE HIGH-QUALITY OBJECTIVE LOCAL JOURNALISM THAT INFORMS PUBLIC DECISION-MAKING, ADDRESSES THE QUALITY OF LIFE OF OUR COMMUNITY'S CITIZENS, HOLDS OUR POLICYMAKERS ACCOUNTABLE AND TELLS OUR READERS' STORIES BY LISTENING TO THEM AND MAKING SURE THEY ARE VALUED AND UNDERSTOOD. IN ALL THAT WE DO, EARNING THE TRUST AND RESPECT OF OUR AUDIENCE IS PARAMOUNT. OUR REPORTING WILL BE FREE TO ALL WHO ACCESS OUR PRIMARY DIGITAL CHANNELS.

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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 $1,665,324
Program Service Revenue $153,087
Investment Income $30,538
Other Revenue $0
TOTAL REVENUE $1,848,949

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,590,116
Fundraising Expenses $423,721
Program Expenses $1,362,496
Other Expenses $499,025
TOTAL EXPENSES $2,089,141

Year-over-Year Comparison

2023 2022 Change
Revenue $1,848,949 $2,391,450 -0.2%
Expenses $2,089,141 $1,561,944 +0.3%
Net Income $-240,192 $829,506 -1.3%
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

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Governance

Voting Members
11
Independent Members
11
Employees
26
Volunteers
11

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
5
$250,142
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM MEADOWS CO-CHAIR 5.00
Officer Director
$0 $0 $0
WES TURNER CO-CHAIR 5.00
Officer Director
$0 $0 $0
JOHN LUMPKIN SECRETARY 2.00
Officer Director
$0 $0 $0
MARIANNE AULD DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN MORRIS DIRECTOR 1.00
Director
$0 $0 $0
RACHEL NAVEJAR PHILLIPS DIRECTOR 1.00
Director
$0 $0 $0
MITCH WHITTEN DIRECTOR 1.00
Director
$0 $0 $0
MELISSA RANKIN DIRECTOR 1.00
Director
$0 $0 $0
NEILS AGATHER DIRECTOR 1.00
Director
$0 $0 $0
PAUL GREENWELL DIRECTOR 1.00
Director
$0 $0 $0
DAVID PORTER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS COBLER CEO, PUBLISHER 40.00
Officer
$135,000 $0 $135,000
PATRICIA R TERRELL CHIEF REVENUE OFFICER 40.00
Officer
$115,142 $0 $115,142
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 $1,848,949 $2,089,141 $1,397,380 $-240,192
2022 $2,391,450 $1,561,944 $1,637,572 $829,506
2021 $1,446,155 $682,007 $808,066 $764,148
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