NEWSWELL

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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

MI-AI PARRISH

Phone

4809653759

Tax Period

2024-07-01 to 2025-06-30

NEWSWELL, founded in 2024, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.5M, a strong 35% operating margin.

Mission

TO EDUCATE AND INFORM THE PUBLIC THROUGH HIGH-QUALITY, FREE, LOCAL JOURNALISM ACROSS THE U.S.

Program Service Accomplishments

Program 1

Expenses: $1,102,066 Revenue: $172,849

TO SERVE AS THE CRITICAL LINK BETWEEN THE PRESERVATION OF CIVIC JOURNALISM AND THE TRAINING OF FUTURE MEDIA PROFESSIONALS, NEWSWELL PUBLISHES FREE LOCAL NEWS, PROVIDES COMMUNITY-BASED PUBLISHING AND PARTNERS WITH ARIZONA STATE UNIVERSITY'S (ASU) CRONKITE SCHOOL TO EDUCATE STUDENT JOURNALISTS.

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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 $4,063,546

Program Service Revenue $222,167

Investment Income $618

Other Revenue $18,239

TOTAL REVENUE $4,304,570

Expense Breakdown

Grants Paid $201,428

Salaries & Benefits $1,499,778

Fundraising Expenses $100

Program Expenses $1,102,066

Other Expenses $1,095,472

TOTAL EXPENSES $2,796,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,304,570	N/A	N/A
Expenses	$2,796,678	N/A	N/A
Net Income	$1,507,892	$0	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MI-AI PARRISH	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MORGAN OLSEN	TREASURER	1.00	Officer Director	$0	$0	$0
LISA LOO	SECRETARY	1.00	Officer Director	$0	$0	$0
NICOLE CARROLL	EXECUTIVE DIRECTOR	50.00	Officer	$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	$4,304,570	$2,796,678	$1,778,040	$1,507,892