That's true. If profit is defined as income less expenses, some orgs may have more income than expenses at the end of the year, which could be considered "profit". However, a non-profit is organized in such a way as there are no shareholders or other owners to distribute the profit. So, the precise term should be non-profit-distribution, I guess. Of course, the principals of a non-profit still take a salary, and you could probably sneak in a reasonable bonus as well, and not call it a profit distribution.