STATE NEWS (EIN 381966279) - 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

1971

Legal Domicile

Principal Officer

CHRISTOPHER RICHERT

Phone

5172951681

Tax Period

2024-07-01 to 2025-06-30

STATE NEWS, founded in 1971, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE PUBLICATION AND DISTRIBUTION OF NEWS FOR THE MSU COMMUNITIES.

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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 $66,576

Program Service Revenue $1,374,841

Investment Income $67,663

Other Revenue $121,624

TOTAL REVENUE $1,630,704

Expense Breakdown

Grants Paid $32,117

Salaries & Benefits $1,008,855

Fundraising Expenses $0

Program Expenses $1,606,963

Other Expenses $883,422

TOTAL EXPENSES $1,924,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,630,704	$1,231,483	+0.3%
Expenses	$1,924,394	$1,666,814	+0.2%
Net Income	$-293,690	$-435,331	-0.3%

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

111

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

$168,868

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAYA MOORE	DIRECTOR	0.50	Director	$0	$0	$0
PAYTON WELLS	DIRECTOR	0.50	Director	$0	$0	$0
JACOB ROMAN	DIRECTOR	0.50	Director	$0	$0	$0
NANCY COSTELLO	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER HAGAN	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE SPICER	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW RUDY	SECRETARY	0.50	Officer Director	$0	$0	$0
JON WHITING	TREASURER	0.50	Officer Director	$0	$0	$0
JOHN FOREN	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
TANYA GAZDIK	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRISTOPHER RICHERT	GENERAL MANAGER	40.00	Officer	$128,276	$40,592	$168,868
MICHAEL JOESPH	LEAD IT DEVELOPER	40.00	Highest	$105,876	$31,709	$137,585

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	$1,630,704	$1,924,394	$9,466,682	$-293,690
2024	$1,231,483	$1,666,814	$9,580,923	$-435,331
2023	$1,333,090	$1,491,285	$9,565,070	$-158,195
2022	$1,830,968	$1,445,547	$9,620,299	$385,421
2021	$1,503,771	$1,199,723	$9,623,953	$304,048
2020	$1,338,530	$1,101,477	$8,948,613	$237,053
2019	$1,356,795	$1,042,110	$8,578,036	$314,685

STATE NEWS