THE CHRONICLE OF PHILANTHROPY

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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

Principal Officer

STACY PALMER

Phone

2024661200

Tax Period

2024-04-01 to 2025-03-31

THE CHRONICLE OF PHILANTHROPY, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.2M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $10.8M exceeded revenue, resulting in a 33% operating deficit.

Mission

THE CORPORATION'S MISSION IS TO EDUCATE, ADVANCE, AND INFORM PUBLIC DISCOURSE ABOUT THE NONPROFIT SECTOR AND TO PROVIDE NEWS, INSIGHT, AND PROFESSIONAL DEVELOPMENT SERVICES TO PROFESSIONALS INVOLVED IN NONPROFIT AND PHILANTHROPIC ENTERPRISES.

Program Service Accomplishments

Program 1

Expenses: $4,723,420 Revenue: $1,606,355

CONDUCTING HIGH-QUALITY ONLINE AND PRINT JOURNALISM THAT STRENGTHENS THE PHILANTHROPIC AND NONPROFIT WORLD BY CONNECTING IT WITH INSIGHTFUL AND USEFUL INFORMATION AND RESOURCES, SURFACING INNOVATIVE AND CREATIVE IDEAS, AND INSPIRING INDIVIDUALS TO JOIN IN STRENGTHENING THEIR COMMUNITIES AND WORLD.

Program 2

Expenses: $2,647,958 Revenue: $2,378,484

PROGRAM OUTREACH TO INCREASE ACCESS TO THE CHRONICLE'S JOURNALISM AND PROFESSIONAL DEVELOPMENT PROGRAMS, WEBINARS, TOOLS AND RESOURCES THAT HELP NONPROFIT AND PHILANTHROPIC PROFESSIONALS GROW AND...

PROGRAM OUTREACH TO INCREASE ACCESS TO THE CHRONICLE'S JOURNALISM AND PROFESSIONAL DEVELOPMENT PROGRAMS, WEBINARS, TOOLS AND RESOURCES THAT HELP NONPROFIT AND PHILANTHROPIC PROFESSIONALS GROW AND SUCCEED.

Program 3

Expenses: $1,652,501 Revenue: $1,932,741

PROFESSIONAL DEVELOPMENT PROGRAMS, WEBINARS, TOOLS AND RESOURCES THAT HELP NONPROFIT AND PHILANTHROPIC PROFESSIONALS GROW AND SUCCEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,850,000

Program Service Revenue $5,917,580

Investment Income $291,923

Other Revenue $109,924

TOTAL REVENUE $8,169,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,871,887

Fundraising Expenses $503,748

Program Expenses $9,023,879

Other Expenses $3,958,663

TOTAL EXPENSES $10,830,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,169,427	$16,063,479	-0.5%
Expenses	$10,830,550	$8,959,847	+0.2%
Net Income	$-2,661,123	$7,103,632	-1.4%

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

$924,669

Total Directors

Key Employees

$807,456

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRABIAN SHORTERS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JASON SEIFER	TREASURER	1.00	Officer Director	$0	$0	$0
AMANDA BARRETT	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNA NIRMALA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RILEY	DIRECTOR	1.00	Director	$0	$0	$0
ANA MARIE ARGILAGOS	DIRECTOR	1.00	Director	$0	$0	$0
ROSE CHAN LOUI	DIRECTOR	1.00	Director	$0	$0	$0
JESSE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ALEJANDRO AGUIRRE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WOOD	DIRECTOR	1.00	Director	$0	$0	$0
STACY PALMER	CEO/PRESIDENT	37.50	Officer	$333,411	$59,676	$393,087
RODNEY MAHONE	CHIEF REVENUE OFFICER	37.50	Officer	$237,150	$62,609	$299,759
AMY MARKHAM	CHIEF OPERATING OFFICER	37.50	Officer	$216,606	$15,217	$231,823
MARGARET FLEMING GLENNON	CHIEF PROFESSIONAL PROG. OFFICER	37.50	Key Emp	$207,071	$15,497	$222,568
MICHAEL BROWN	SR. DIR. OF PHIL. (TIL 03/25)	37.50	Key Emp	$185,960	$11,271	$197,231
ADAM NEKOLA	SR. DIR. OF TECHNOLOGY	37.50	Key Emp	$165,264	$30,842	$196,106
ANDREW SIMON	EDITOR-IN-CHIEF (FROM 04/24)	37.50	Key Emp	$169,125	$22,426	$191,551
ERICA VITALE	SALES DIRECTOR	37.50	Highest	$185,971	$34,947	$220,918
NICHOLAS ADAMS	SR. DIR. OF MARKET AND AUD. DEVT.	37.50	Highest	$187,419	$19,778	$207,197
TIFFANY STAMPS	SALES DIRECTOR	37.50	Highest	$177,933	$23,009	$200,942
NICOLE WALLACE	FEATURES EDITOR	37.50	Highest	$153,446	$23,620	$177,066
ROBERT LINDSAY	SR. EDITOR FOR SPEC. PROJ.	37.50	Highest	$137,281	$10,064	$147,345

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
2025	$8,169,427	$10,830,550	$8,781,438	$-2,661,123
2025	$8,169,427	$10,830,550	$8,781,438	$-2,661,123
2024	$16,063,479	$8,959,847	$11,708,069	$7,103,632
2023	$835,183	$769,087	$2,312,043	$66,096
2022	$613,750	$211,266	$613,698	$402,484