BUCKS COUNTY HERALD FOUNDATION

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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

Principal Officer

BRIDGET WINGERT

Phone

8778295500

Tax Period

2023-01-01 to 2023-12-31

BUCKS COUNTY HERALD FOUNDATION, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $594K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum.

Mission

THE MISSION IS TO PRESERVE AND SUPPORT LOCAL JOURNALISM THAT INFORMS RESIDENTS, STRENGTHENS DEMOCRACY, FOSTERS A VIBRANT ECONOMY, AND PROMOTES ART, CULTURE, HEALTH AND INCLUSIVITY IN THE BUCKS COUNTY AREA.

Program Service Accomplishments

Program 1

Expenses: $486,911

THE FOUNDATION'S SUPPORT OF THE BUCKS COUNTY HERALD HAS ENABLED THE HERALD TO: (1) EXPAND NONPARTISAN REPORTING ON MUNICIPAL GOVERNMENT AND SCHOOL BOARD MEETINGS, ENSURING ELECTED OFFICIALS ARE HELD ACCOUNTABLE AND PROVIDING VOTER EDUCATION TO EMPOWER INFORMED PARTICIPATION IN LOCAL DEMOCRACY; (2) EXTEND COVERAGE OF CIVIC LIFE, COMMUNITY EVENTS, VOLUNTEER OPPORTUNITIES, AND THE REGION'S RICH ARTS, CULTURE AND HERITAGE TO KEEP RESIDENTS INFORMED AND INVOLVED; AND (3) REPORT ON EDUCATION, THE ENVIRONMENT, HEALTH AND WELLNESS, LOCAL SPORTS AND ACCESS TO VITAL RESOURCES TO ADDRESS SPECIFIC COMMUNITY NEEDS AND ENHANCE WELL-BEING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $589,482

Program Service Revenue $0

Investment Income $31

Other Revenue $4,001

TOTAL REVENUE $593,514

Expense Breakdown

Grants Paid $479,918

Salaries & Benefits $0

Fundraising Expenses $48,372

Program Expenses $486,911

Other Expenses $136,511

TOTAL EXPENSES $616,429

Year-over-Year Comparison

	2023	2022	Change
Revenue	$593,514	$365,235	+0.6%
Expenses	$616,429	$390,529	+0.6%
Net Income	$-22,915	$-25,294	-0.1%

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

N/A

Volunteers

110

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

$369,802

Total Directors

$234,287

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIDGET WINGERT	PRESIDENT	1.00	Officer Director	$0	$1,662	$79,586
JOSEPH G WINGERT	VP/SEC/TREAS	5.00	Officer Director	$0	$6,101	$154,701
JEFFREY H NICHOLAS	DIRECTOR	1.00	Director	$0	$0	$0
KAY ROCK	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN WOODALL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LIN	DIRECTOR	1.00	Director	$0	$0	$0
DR FELICIA GANTHER	DIRECTOR	1.00	Director	$0	$0	$0
JEANE VIDONI	DIRECTOR	1.00	Director	$0	$0	$0
EMILIE LOUNSBERRY	DIRECTOR	1.00	Director	$0	$0	$0
ANN MEREDITH	EXECUTIVE DI	5.00	Officer	$0	$5,265	$135,515

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	$593,514	$616,429	$46,838	$-22,915
2022	$365,235	$390,529	$14,023	$-25,294
2022	$365,235	$390,529	$-606,337	$-25,294
2021	$239,871	$221,922	$-482,639	$17,949