CITY LIMITS 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

2008

Legal Domicile

Principal Officer

GARY CLEMONS

Tax Period

2024-07-01 to 2025-06-30

CITY LIMITS NEWS INC, founded in 2008, is a small nonprofit in the Public & Societal Benefit sector that reported $980K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO USE INVESTIGATIVE JOURNALISM THROUGH THE PRISM OF NEW YORK CITY TO IDENTIFY URBAN PROBLEMS, EXAMINE THEIR CAUSES. EXPLORE SOLUTIONS, AND EQUIP COMMUNITIES TO TAK ACTION

Program Service Accomplishments

Program 1

Expenses: $769,790

PROVIDING COMPREHENSIVE IN-DEPTH LOCAL REPORTING ON THE MOST IMPORTANT ISSUES FACING NYC

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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 $938,517

Program Service Revenue $41,309

Investment Income $0

Other Revenue $0

TOTAL REVENUE $979,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $710,802

Fundraising Expenses $84,923

Program Expenses $769,790

Other Expenses $267,414

TOTAL EXPENSES $978,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$979,826	$878,716	+0.1%
Expenses	$978,216	$958,197	+0.0%
Net Income	$1,610	$-79,481	-1.0%

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

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

$107,159

Total Directors

Key Employees

$218,276

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frances Reilly	FUNDRASING	040.00	Key Emp	$111,117	$0	$111,117
GARY CLEMONS	EXECUTIVE DIRECTOR	040.00	Officer Key Emp	$73,678	$0	$73,678
Marjorie Martay	FORMER ED	040.00	Officer Key Emp Highest	$33,481	$0	$33,481
ERIK SPOONER	CHAIRPERSON	001.00	Officer Director	$0	$0	$0
NEILL COLEMAN	VICE-CHAIR	001.00	Officer Director	$0	$0	$0
NICK LUNDGREN	SECRETARY	001.00	Officer Director	$0	$0	$0
Jacklyn Monk	TREASURER	001.00	Officer Director	$0	$0	$0
ANDREW BRESLAU	DIRECTOR	001.00	Director	$0	$0	$0
DAVID R JONES	DIRECTOR	001.00	Director	$0	$0	$0
ERICA GONZALEZ MARTINEZ	DIRECTOR	001.00	Director	$0	$0	$0
MARTHA NELSON	DIRECTOR	001.00	Director	$0	$0	$0
Stephen Fee	DIRECTOR	001.00	Director	$0	$0	$0
David R Jones	DIRECTOR	001.00	Director	$0	$0	$0
Ayanna Oliver-Taylor	DIRECTOR	001.00	Director	$0	$0	$0
Annabel Short	DIRECTOR	001.00	Director	$0	$0	$0
Chester Jesus Soria	DIRECTOR	001.00	Director	$0	$0	$0
Toni Williams	DIRECTOR	001.00	Director	$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	$979,826	$978,216	$643,669	$1,610
2024	$878,716	$958,197	$316,450	$-79,481
2023	$1,131,236	$1,025,974	$416,508	$105,262
2022	$906,878	$920,042	$410,033	$-13,164
2021	$701,662	$817,944	$510,252	$-116,282
2020	$774,264	$857,791	$515,511	$-83,527
2019	$948,609	$770,137	$494,752	$178,472
2018	$721,430	$649,253	$309,956	$72,177