WESTERN NORTH CAROLINA JOURNALISM FOUNDATION (EIN 922409411) - Form 990 Financial Analysis & Trantor Score

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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

2023

Legal Domicile

Principal Officer

CAROLINE AVERY

Phone

8284137466

Tax Period

2024-01-01 to 2024-12-31

WESTERN NORTH CAROLINA JOURNALISM FOUNDATION, founded in 2023, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $56K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $152K exceeded revenue, resulting in a 172% operating deficit.

Mission

SUPPORT INDEPENDENT, LOCAL PRINT AND DIGITAL MEDIA PUBLICATIONS PROVIDING RELEVANT LOCAL NEWS.

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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 $55,752

Program Service Revenue $0

Investment Income $15

Other Revenue $0

TOTAL REVENUE $55,767

Expense Breakdown

Grants Paid $84,000

Salaries & Benefits $57,413

Fundraising Expenses $0

Program Expenses $124,189

Other Expenses $10,300

TOTAL EXPENSES $151,713

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,767	$217,476	-0.7%
Expenses	$151,713	$117,070	+0.3%
Net Income	$-95,946	$100,406	-2.0%

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

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

$53,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLINE AVERY	INTERIM PRESIDENT	1.00	Officer Director	$0	$0	$0
NANCY VANNOPPEN	VICE-PRESIDENT/SECRETARY	1.00	Officer Director	$0	$0	$0
MARK MILLER	TREASURER	1.00	Officer Director	$0	$0	$0
BARBARA WETSIG-LYNAM	EXECUTIVE DIRECTOR	40.00	Director	$53,333	$0	$53,333
ALLEN VANNOPPEN	FORMER PRESIDENT	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$55,767	$151,713	$6,396	$-95,946
2023	$217,476	$117,070	$100,406	$100,406

WESTERN NORTH CAROLINA JOURNALISM FOUNDATION