INSTITUTE FOR NONPROFIT NEWS

EIN: 272614911 501(c)(3) Education

BEVERLY HILLS, CA

Total Revenue
$15,594,880
Total Expenses
$15,663,213
Total Assets
$8,704,403
Net Assets
$6,719,508
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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
CA
Phone
2137097126
Tax Period
2024-01-01 to 2024-12-31

INSTITUTE FOR NONPROFIT NEWS, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $15.6M in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum.

Mission

THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING: FOSTERING AND PROMOTING THE HIGHEST QUALITY INVESTIGATIVE AND PUBLIC SERVICE JOURNALISM IN ORDER TO INFORM AND EDUCATE THE PUBLIC BY MEANS OF, AMONG OTHER THINGS, PROVIDING ADMINISTRATIVE, EDITORIAL AND FINANCIAL SUPPORT TO NONPROFIT, TAX-EXEMPT MEMBER NEWS ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $14,824,322
Program Service Revenue $0
Investment Income $182,570
Other Revenue $587,988
TOTAL REVENUE $15,594,880

Expense Breakdown

Grants Paid $9,661,222
Salaries & Benefits $3,350,399
Fundraising Expenses $385,474
Program Expenses $14,665,910
Other Expenses $2,651,592
TOTAL EXPENSES $15,663,213

Year-over-Year Comparison

2024 2023 Change
Revenue $15,594,880 $8,569,299 +0.8%
Expenses $15,663,213 $10,079,196 +0.6%
Net Income $-68,333 $-1,509,897 -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

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Governance

Voting Members
12
Independent Members
12
Employees
30
Volunteers
12

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
6
$503,976
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN RUNDLET CEO 40.00
Officer
$214,828 $0 $214,828
COURTNEY LEWIS GROWTH OFFICER 40.00
$161,205 $0 $161,205
CHARLES POTTS JR DIR. OF FINANCE 40.00
Officer
$157,058 $0 $157,058
JOHNATHAN KEALING NETWORK OFFICER 40.00
$141,480 $0 $141,480
LISA M GARDNER-SPRINGER CHIEF DEVELOPMENT OFFICER 40.00
$138,038 $0 $138,038
SORAYA MEMBRENO COO 40.00
Officer
$132,090 $0 $132,090
STEPHANIE SCHENKEL NETWORK PHILANTHROPY DIRECTOR 40.00
$131,018 $0 $131,018
SHARENE AZIMI DIRECTOR OF COMMUNICATIONS 40.00
$123,958 $0 $123,958
EMILY ROSEMAN INN INDEX DIRECTOR 40.00
$115,043 $0 $115,043
MARCIA PARKER Chairman 10.00
Officer Director
$0 $0 $0
BRUCE THERIAULT Treasurer 10.00
Officer Director
$0 $0 $0
RON SMITH Secretary 5.00
Officer Director
$0 $0 $0
KINSEY WILSON Director 5.00
Director
$0 $0 $0
JOHN ADAMS Director 5.00
Director
$0 $0 $0
VALERIA FERNANDEZ Director 5.00
Director
$0 $0 $0
LUCAS GRINDLEY Director 5.00
Director
$0 $0 $0
MARK HORVIT Director 5.00
Director
$0 $0 $0
KYRA KYLES Director 5.00
Director
$0 $0 $0
HSIU MEI WONG Director 5.00
Director
$0 $0 $0
CARLA MINET Director 5.00
Director
$0 $0 $0
GRACIELA MOCHKOSFKY Director 5.00
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
2024 No data No data No data No data
2024 $15,594,880 $15,663,213 $8,704,403 $-68,333
2023 $8,495,751 $9,894,827 $7,463,456 $-1,399,076
2023 No data No data No data No data
2022 $8,202,036 $6,442,637 $8,590,184 $1,759,399
2021 $6,971,216 $6,014,963 $6,852,788 $956,253
2020 $7,744,775 $5,445,340 $6,047,762 $2,299,435
2019 $8,647,768 $9,575,629 $3,399,078 $-927,861
2018 $5,466,220 $3,478,096 $4,338,945 $1,988,124
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