CONNECTICUT NEWS PROJECT INC (EIN 270583046) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

BRUCE PUTTERMAN

Phone

8602186380

Tax Period

2024-01-01 to 2024-12-31

CONNECTICUT NEWS PROJECT INC, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 31% operating margin.

Mission

THE MISSION IS TO PRODUCE ORIGINAL, IN-DEPTH, NONPARTISAN JOURNALISM THAT INFORMS CONNECTICUT RESIDENTS ABOUT THE IMPACT OF PUBLIC POLICY, HOLDS GOVERNMENTS ACCOUNTABLE, AND AMPLIFIES DIVERSE VOICES AND PERSPECTIVES.

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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 $3,570,518

Program Service Revenue $135,627

Investment Income $94,785

Other Revenue $151,248

TOTAL REVENUE $3,952,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,178,171

Fundraising Expenses $495,289

Program Expenses $1,989,394

Other Expenses $547,517

TOTAL EXPENSES $2,725,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,952,178	$2,675,912	+0.5%
Expenses	$2,725,688	$2,547,954	+0.1%
Net Income	$1,226,490	$127,958	+8.6%

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

$152,433

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE PUTTERMAN	CEO	40.00	Officer	$152,433	$0	$152,433
ELIZABETH HAMILTON	EXECUTIVE ED	40.00	Highest	$110,000	$0	$110,000
MARK ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
JEANNETTE DE JESUS	DIRECTOR	1.00	Director	$0	$0	$0
ILA DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN PRITZKER	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY JANOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
MARISOL GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS GOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
ONYEKA OBIOCHA	DIRECTOR	1.00	Director	$0	$0	$0
NISHA ARORA	DIRECTOR	1.00	Director	$0	$0	$0
KHALILAH BROWN-DEAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON CHANG	DIRECTOR	1.00	Director	$0	$0	$0
WILL GINSBERG	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCKINNEY	DIRECTOR	1.00	Director	$0	$0	$0
MARIE SHANAHAN	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEY GEBALLE	SECRETARY	3.00	Officer Director	$0	$0	$0
JOSEPH MCGEE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
BILAL DABIR SEKOU	CHAIR	3.00	Officer 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
2024	$3,952,178	$2,725,688	$3,983,620	$1,226,490
2023	$2,675,912	$2,547,954	$2,751,530	$127,958
2022	$2,601,724	$2,168,437	$2,628,823	$433,287
2021	$2,149,040	$1,758,354	$2,137,714	$390,686
2020	$2,154,695	$1,359,195	$1,915,471	$795,500
2019	$1,667,193	$1,066,750	$936,250	$600,443
2018	$1,003,226	$1,023,836	$384,173	$-20,610

CONNECTICUT NEWS PROJECT INC