Sonoma County Local News Initiative

EIN: 845044460 501(c)(3)

Healdsburg, CA

Total Revenue
$355,203
Total Expenses
$301,391
Total Assets
$56,936
Net Assets
$51,672
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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
2020
Legal Domicile
CA
Principal Officer
Nancy Dobbs
Phone
7078234411
Tax Period
2022-01-01 to 2022-12-31

Sonoma County Local News Initiative, founded in 2020, is a small nonprofit that reported $355K in total revenue in fiscal year 2022. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $54K, a strong 15% operating margin.

Mission

To support local journalism.

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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 (2022)

Revenue Breakdown

Contributions & Grants $172,616
Program Service Revenue $182,463
Investment Income $124
Other Revenue $0
TOTAL REVENUE $355,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,159
Fundraising Expenses $0
Program Expenses $279,238
Other Expenses $82,232
TOTAL EXPENSES $301,391

Year-over-Year Comparison

2022 2021 Change
Revenue $355,203 $723,979 -0.5%
Expenses $301,391 $521,665 -0.4%
Net Income $53,812 $202,314 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
16
Volunteers
4

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Fricker Secretary/Treas 10.00
Officer Director
$0 $0 $0
Nancy Dobbs President 10.00
Officer Director
$0 $0 $0
Greg Jacobs Director 10.00
Director
$0 $0 $0
Nancy Dougherty Director 10.00
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
2022 $355,203 $301,391 $56,936 $53,812
2021 $723,979 $521,665 $345,698 $202,314
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