NEW PUBLIC 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

DEEPTI DOSHI

Phone

5102138161

Tax Period

2024-01-01 to 2024-12-31

NEW PUBLIC INC, founded in 2022, is a community nonprofit in the Science & Technology sector that reported $8.9M in total revenue in fiscal year 2024. Revenue surged 1771345% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 53% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO ENSURE THAT EVERY COMMUNITY HAS A HEALTHY DIGITAL PUBLIC SPACE BY HELPING LOCAL COMMUNITIES ACROSS AMERICA CREATE MORE FLOURISHING DIGITAL SPACES AND DEVELOPING PROTOTYPES FOR DIGITAL CONVERSATION WITH PUBLIC SERVICE MEDIA ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $1,703,922

PUBLIC SPACES INCUBATOR (PSI) IS A COLLABORATION ACROSS FIVE COUNTRIES BETWEEN NEW PUBLIC, INC. AND PUBLIC SERVICE MEDIA ORGANIZATIONS TO DEVELOP DIGITAL PROTOTYPES THAT PROMOTE HEALTHY PUBLIC...

PUBLIC SPACES INCUBATOR (PSI) IS A COLLABORATION ACROSS FIVE COUNTRIES BETWEEN NEW PUBLIC, INC. AND PUBLIC SERVICE MEDIA ORGANIZATIONS TO DEVELOP DIGITAL PROTOTYPES THAT PROMOTE HEALTHY PUBLIC DISCOURSE. IN FY24, PARTNERS CO-DESIGNED AND BUILT EIGHT PROTOTYPES, LAID FOUNDATIONAL ARCHITECTURE TO SUPPORT IMPLEMENTATION, AND BEGAN PREPARING FOR BETA TESTING. THE PROJECT RECEIVED STRONG PUBLIC VALIDATION AND SECURED COMMITMENTS FROM NEW PARTNERS FOR THE NEXT PHASE.

Program 2

Expenses: $1,481,572

LOCAL LAB PROVIDES TOOLS, TRAINING, AND RESOURCES TO COMMUNITY STEWARDS WHO MANAGE DIGITAL PUBLIC SPACES DESIGNED TO SUPPORT HEALTHY LOCAL COMMUNITIES.IN FY24, NEW PUBLIC, INC. RAN TWO PILOT PROGRAMS AND PUBLISHED A WIDELY SHARED GUIDE TO HELP STEWARDS CREATE FLOURISHING DIGITAL SPACES. THESE EFFORTS SURFACED KEY INSIGHTS INTO COMMUNITY NEEDS, REVEALED CRITICAL LIMITATIONS OF EXISTING PLATFORMS, AND LED US TO BEGIN DESIGNING A PURPOSE-BUILT ALTERNATIVE FOR STEWARD-LED DIGITAL SPACES.

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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 $8,854,016

Program Service Revenue $2,500

Investment Income $56

Other Revenue $655

TOTAL REVENUE $8,857,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,230,085

Fundraising Expenses $26,075

Program Expenses $3,185,494

Other Expenses $882,224

TOTAL EXPENSES $4,126,809

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,857,227	$500	+17713.5%
Expenses	$4,126,809	$9	+458533.3%
Net Income	$4,730,418	$491	+9633.3%

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

$472,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERI PUTNAM	CHAIR	1.00	Officer Director	$0	$0	$0
TALIA STROUD	SECRETARY	1.00	Officer Director	$0	$0	$0
ANAND GANDHI	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT HEIFERMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA GLOVER BLACKWELL	DIRECTOR	1.00	Director	$0	$0	$0
SARAH DRINKWATER	TREASURER (THRU DEC 24)	1.00	Officer Director	$0	$0	$0
ELIJAH PARISER	CO-DIRECTOR	40.00	Officer	$226,048	$6,678	$232,726
DEEPTI DOSHI	CO-DIRECTOR	40.00	Officer	$232,895	$6,456	$239,351
ELIZABETH LUNA	COO	40.00	Highest	$167,909	$7,929	$175,838
MIN LI CHAN	SR PRODUCT DIRECTOR	40.00	Highest	$138,995	$18,685	$157,680
COREY CHAO	MANAGING DIRECTOR, PSI	40.00	Highest	$143,557	$11,063	$154,620
ANGELICA QUICKSEY	MANAGING DIRECTOR OF STRATEGIC INITIATIVES	40.00	Highest	$139,635	$14,979	$154,614
ROBERT ENNALS	PRINCIPAL SOFTWARE ENGINEER	40.00	Highest	$148,265	$4,405	$152,670

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	$8,857,227	$4,126,809	$5,189,650	$4,730,418