THE LOCAL JOURNALISM PROJECT INC

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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

2022

Legal Domicile

Principal Officer

WILLOW B SHIRE

Phone

5082379108

Tax Period

2024-01-01 to 2024-12-31

THE LOCAL JOURNALISM PROJECT INC, founded in 2022, is a small nonprofit in the Education sector that reported $390K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

TO STRENGTHEN LOCAL JOURNALISM BY EDUCATING ASPIRING JOURNALISTS, PROVIDING OPPORTUNITIES AND SUPPORT FOR IN-DEPTH, FACT BASED REPORTING THAT GOES BEYOND WHAT ORDINARY SMALL NEWSPAPERS DO, ENCOURAGING CIVIC ENGAGEMENT, AND RESEARCHING AND PROMOTING NEW WAYS TO MAKE COMMUNITY JOURNALISM SUSTAINABLE.

Program Service Accomplishments

Program 1

Expenses: $373,651

TO STRENGTHEN LOCAL JOURNALISM BY EDUCATING ASPIRING JOURNALISTS, PROVIDING OPPORTUNITIES AND SUPPORT FOR IN-DEPTH, FACT BASED REPORTING THAT GOES BEYOND WHAT ORDINARY SMALL NEWSPAPERS DO...

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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 $342,047

Program Service Revenue $0

Investment Income $441

Other Revenue $47,654

TOTAL REVENUE $390,142

Expense Breakdown

Grants Paid $326,379

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $373,651

Other Expenses $60,102

TOTAL EXPENSES $386,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$390,142	$305,306	+0.3%
Expenses	$386,481	$273,994	+0.4%
Net Income	$3,661	$31,312	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLOW B SHIRE	PRESIDENT	N/A	Officer Director	$0	$0	$0
DEAN K STEIN	TREASURER	N/A	Officer Director	$0	$0	$0
EDWARD MILLER	CLERK	N/A	Officer Director	$0	$0	$0
JONATHAN MURRAY	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL FEE	DIRECTOR	N/A	Director	$0	$0	$0
ANTHONY SHOENER	DIRECTOR	N/A	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
2024	$390,142	$386,481	$83,228	$3,661
2023	$305,306	$273,994	$79,467	$31,312