FOUNDATION FOR LOCAL NEWS 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

2024

Legal Domicile

Principal Officer

MICHAEL SHAPRIO

Phone

9082790303

Tax Period

2025-01-01 to 2025-12-31

FOUNDATION FOR LOCAL NEWS INC, founded in 2024, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $583K in total revenue in fiscal year 2025. Expenses of $517K left a modest 11% surplus.

Mission

To promote careers in local news and news related professions, also increasing public awareness of the local news crisis

Program Service Accomplishments

Program 1

Expenses: $516,875 Revenue: $99,000

MENTORSHIP, TRAINING AND LONG-TERM INVESTMENT IN EARLY CAREER BLACK JOURNALISTS IN SOUTH JERSEY

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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 (2025)

Revenue Breakdown

Contributions & Grants $583,008

Program Service Revenue $0

Investment Income $221

Other Revenue $0

TOTAL REVENUE $583,229

Expense Breakdown

Grants Paid $515,028

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $516,875

Other Expenses $1,847

TOTAL EXPENSES $516,875

Year-over-Year Comparison

	2025	2024	Change
Revenue	$583,229	N/A	N/A
Expenses	$516,875	N/A	N/A
Net Income	$66,354	N/A	N/A

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
MICHAEL SHAPIRO	CHAIRMAN AND BOARD MEMBER	5.00	Director	$0	$0	$0
EDMUND M DEVEAUX	VICE CHAIR AND BOARD MEMBER	5.00		$0	$0	$0
ERIC LEVINE	SECRETARY AND BOARD MEMBER	5.00		$0	$0	$0
DARLENE CULLEN	TREASURER	5.00		$0	$0	$0
BRIAN THOMPSON	BOARD MEMBER	2.00		$0	$0	$0
MARIE DENOIA ARONSOHN	BOARD MEMBER	2.00		$0	$0	$0
JONATHAN ALTER	BOARD MEMBER	2.00		$0	$0	$0
RONALD MORANO	BOARD MEMBER	2.00		$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	$583,229	$516,875	$66,975	$66,354