NATIONAL TRUST FOR LOCAL NEWS

EIN: 862022385 501(c)(3) Arts, Culture & Humanities

ENGLEWOOD, CO

Total Revenue
$46,104,002
Total Expenses
$24,433,037
Total Assets
$40,664,722
Net Assets
$24,873,261
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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
2021
Legal Domicile
CO
Principal Officer
ELIZABETH HANSEN SHAPIRO
Phone
4089988400
Tax Period
2023-01-01 to 2023-12-31

NATIONAL TRUST FOR LOCAL NEWS, founded in 2021, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $46.1M in total revenue in fiscal year 2023. Revenue surged 974% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21.7M, a strong 47% operating margin.

Mission

THE NATIONAL TRUST FOR LOCAL NEWS IS DEDICATED TO REVITALIZING COMMUNITY NEWSPAPERS.

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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 $25,596,806
Program Service Revenue $20,287,233
Investment Income $31,301
Other Revenue $188,662
TOTAL REVENUE $46,104,002

Expense Breakdown

Grants Paid $75,000
Salaries & Benefits $12,606,155
Fundraising Expenses $202,342
Program Expenses $23,587,911
Other Expenses $11,751,882
TOTAL EXPENSES $24,433,037

Year-over-Year Comparison

2023 2022 Change
Revenue $46,104,002 $4,292,081 +9.7%
Expenses $24,433,037 $1,826,157 +12.4%
Net Income $21,670,965 $2,465,924 +7.8%
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
3
Independent Members
3
Employees
521
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
3
$370,540
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC HAND BOARD CHAIR 10.00
Officer Director
$0 $0 $0
JOHN WOTOWICZ BOARD DIRECTOR 1.00
Director
$0 $0 $0
JU-DON MARSHALL BOARD DIRECTOR 1.00
Director
$0 $0 $0
LILLIAN RUIZ COO & CO-FOUNDER 40.00
Officer
$0 $0 $0
ELIZABETH HANSEN SHAPIRO CEO 40.00
Officer
$370,540 $0 $370,540
PHILLIP R MCDUFFIE CHIEF PORTFOLIO OFFICER 40.00
Highest
$155,650 $0 $155,650
WILLIAM NELLIGAN CHIEF GROWTH OFFICER 40.00
Highest
$162,135 $0 $162,135
JENIFER F NELSON STRATEGIC PARTNERSHIP (THRU 8/7/23) 40.00
Highest
$108,712 $0 $108,712
CAROLINE PORTER DIR STRATEGIC P'SHIP & IMPACT 40.00
Highest
$109,808 $0 $109,808
CAROLINE ROSS CHIEF OF STAFF 40.00
Highest
$188,008 $0 $188,008
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 $46,104,002 $24,433,037 $40,664,722 $21,670,965
2022 $4,292,081 $1,826,157 $4,772,238 $2,465,924
2021 $1,919,431 $658,346 $2,796,118 $1,261,085
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