TYPE MEDIA CENTER 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

1966

Legal Domicile

Principal Officer

CONRAD MARTIN

Phone

2128220250

Tax Period

2023-01-01 to 2023-12-31

TYPE MEDIA CENTER INC, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 35% operating deficit.

Mission

TYPE MEDIA CENTER IS A NON-PROFIT HOME FOR INDEPENDENT JOURNALISTS AND TRUTH-TELLERS AT ALL STAGES OF THEIR CAREERS. OUR MISSION IS TO PRODUCE HIGH-IMPACT JOURNALISM AND LITERARY NONFICTION THAT ADDRESSES INJUSTICE AND INEQUALITY, CATALYZES CHANGE, INFORMS AND UPLIFTS SOCIAL MOVEMENTS, AND SPARKS NATIONAL AND GLOBAL CONVERSATIONS WHILE TRANSFORMING AND DIVERSIFYING THE FIELDS OF JOURNALISM AND PUBLISHING.

Program Service Accomplishments

Program 1

Expenses: $1,647,044

TYPE INVESTIGATIONS IS A HOME FOR AMBITIOUS INDEPENDENT INVESTIGATIVE JOURNALISM. WE TELL DEEPLY REPORTED STORIES IN PARTNERSHIP WITH PRINT, BROADCAST, AND DIGITAL MEDIA OUTLETS ALLOWING US TO BRING OUR WORK TO A WIDE RANGE OF AUDIENCES. OUR TEAM PROVIDES JOURNALISTS WITH EXPERT EDITORIAL GUIDANCE; RIGOROUS FACT-CHECKING; RESEARCH ASSISTANCE; AND FUNDS TO COVER THEIR TRAVEL, TIME, AND OTHER REPORTING COSTS. WE ARE COMMITTED TO REPORTING FROM THE GROUND UP, ELEVATING STORIES FROM THE COMMUNITIES MOST AFFECTED BY WRONGDOING. OUR WORK ENABLES GROUNDBREAKING JOURNALISM THAT WOULD OTHERWISE BE IMPOSSIBLE.

Program 2

Expenses: $467,478

THE FELLOWSHIP PROGRAM PROVIDES EMERGING AND ESTABLISHED JOURNALISTS WITH THE SUPPORT NEEDED TO WRITE ON COMPLEX ISSUES. OUR FELLOWS FORM A UNIQUE COMMUNITY OF THINKERS AND WRITERS.

Program 3

Expenses: $79,313

BOLD TYPE BOOKS WORKS TO PUBLISH BOLD, AMBITIOUS BOOKS THAT TACKLE ISSUES OF PUBLIC CONCERN AND CHALLENGE ENTRENCHED SYSTEMS OF POWER. WE AMPLIFY THE VOICES OF WRITERS AND THINKERS PRODUCING URGENT, DEEPLY RESEARCHED JOURNALISM, CREATIVE NONFICTION, CULTURAL ANALYSIS AND SOCIAL HISTORY. MANY OF OUR TITLES HAVE WON SIGNIFICANT AWARDS INCLUDING THE NATIONAL BOOK AWARD, AND THE KIRKUS PRIZE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,786,327

Program Service Revenue $30,000

Investment Income $209,441

Other Revenue $349,823

TOTAL REVENUE $2,375,591

Expense Breakdown

Grants Paid $784,207

Salaries & Benefits $1,528,236

Fundraising Expenses $346,226

Program Expenses $2,547,803

Other Expenses $902,207

TOTAL EXPENSES $3,214,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,375,591	$4,047,638	-0.4%
Expenses	$3,214,650	$3,837,078	-0.2%
Net Income	$-839,059	$210,560	-5.0%

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

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

$281,990

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY KUSAMA-HINTE	CHAIR	3.00	Officer Director	$0	$0	$0
CONRAD MARTIN	TREASURER	3.00	Officer Director	$0	$0	$0
DAVIS WEINSTOCK	SECRETARY	3.00	Officer Director	$0	$0	$0
PAULA GIDDINGS	BOARD MEMBER	3.00	Director	$0	$0	$0
ABBY RAPOPORT	BOARD MEMBER	3.00	Director	$0	$0	$0
RICHARD FOOS	BOARD MEMBER	3.00	Director	$0	$0	$0
BEN WYSKIDA	BOARD MEMBER	3.00	Director	$0	$0	$0
MEETALI JAIN	BOARD MEMBER	3.00	Director	$0	$0	$0
SUMI AGGARWAL	BOARD MEMBER	3.00	Director	$0	$0	$0
KAI WRIGHT	BOARD MEMBER	3.00	Director	$0	$0	$0
TAYA MCCORMICK-GROBOW	EXECUTIVE DIRECTOR & CEO	40.00	Key Emp	$237,400	$44,590	$281,990
CASSI FELDMAN	EDITOR-IN-CHIEF	40.00	Highest	$142,548	$7,886	$150,434

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	No data	No data	No data	No data
2023	$2,375,591	$3,214,650	$6,270,146	$-839,059
2022	$4,047,638	$3,837,078	$6,806,818	$210,560
2021	$4,342,257	$3,997,395	$7,555,891	$344,862
2020	$3,948,218	$4,396,529	$6,685,289	$-448,311
2019	$3,977,799	$4,234,716	$6,885,118	$-256,917