JOURNALISM DEVELOPMENT NETWORK INC

EIN: 260898750 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$31,715,117
Total Expenses
$22,058,202
Total Assets
$21,986,691
Net Assets
$20,944,578
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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
2007
Legal Domicile
MD
Principal Officer
ANDREW SULLIVAN
Phone
2024703510
Tax Period
2023-01-01 to 2023-12-31

JOURNALISM DEVELOPMENT NETWORK INC, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $31.7M in total revenue in fiscal year 2023. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.7M, a strong 30% operating margin.

Mission

SEE PART III LINE 1.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $31,614,741
Program Service Revenue $21,568
Investment Income $78,808
Other Revenue $0
TOTAL REVENUE $31,715,117

Expense Breakdown

Grants Paid $2,938,036
Salaries & Benefits $9,797,632
Fundraising Expenses $0
Program Expenses $20,198,552
Other Expenses $9,322,534
TOTAL EXPENSES $22,058,202

Year-over-Year Comparison

2023 2022 Change
Revenue $31,715,117 $13,739,277 +1.3%
Expenses $22,058,202 $14,495,025 +0.5%
Net Income $9,656,915 $-755,748 -13.8%
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

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Governance

Voting Members
8
Independent Members
6
Employees
24
Volunteers
6

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
8
$632,957
Total Directors
8
$349,518
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL RADU EX-OFFICIO DIRECTOR 40.00
Officer Director
$159,615 $16,500 $176,115
ANDREW SULLIVAN EX-OFFICIO DIRECTOR 40.00
Officer Director
$156,375 $17,028 $173,403
MARINA GORBIS PRESIDENT 1.00
Officer Director
$0 $0 $0
ANDERS ALEXANDERSON TREASURER 1.00
Officer Director
$0 $0 $0
DAVID BOARDMAN SECRETARY 1.00
Officer Director
$0 $0 $0
TIFANI ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
SUE GARDNER DIRECTOR 1.00
Director
$0 $0 $0
SANITA JEMBERGA MEMBER REPRESENTATIVE 1.00
Director
$0 $0 $0
OLIVER RIVERS CHIEF OPERATING OFFICER 40.00
Officer
$134,450 $0 $134,450
GEOFFREY ALAN HUNTER CTO/CHIEF INFO. SEC. OFF. 40.00
Officer
$100,800 $0 $100,800
DENIZ SARKINOVIC SENIOR DIRECTOR OF COMPLIANCE 40.00
Officer
$48,189 $0 $48,189
ALEXANDRA C GILLIES GACC DIRECTOR 40.00
Highest
$156,795 $22,442 $179,237
KEVIN G HALL EDITOR 40.00
Highest
$152,309 $361 $152,670
FILIP VOJVODIC MEDIC DIRECTOR OF INSTITUTIONAL GIVING 40.00
Highest
$118,320 $0 $118,320
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 $31,715,117 $22,058,202 $21,986,691 $9,656,915
2022 $13,739,277 $14,495,025 $12,191,115 $-755,748
2021 $14,777,135 $10,502,231 $13,087,438 $4,274,904
2020 $8,390,365 $9,922,492 $9,064,332 $-1,532,127
2019 $12,881,487 $8,814,732 $10,436,690 $4,066,755
2018 $10,543,684 $6,331,299 $6,419,504 $4,212,385
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