ELECTRIC LIT INC

EIN: 461402365 501(c)(3) Community Improvement

Kingston, NY

Total Revenue
$445,570
Total Expenses
$486,409
Total Assets
$18,735
Net Assets
$-47,781
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
RUSSELL A HUNTER
Phone
3238396204
Tax Period
2024-01-01 to 2024-12-31

ELECTRIC LIT INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $446K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

ELECTRIC LITERATURES MISSION IS TO AMPLIFY THE POWER OF STORYTELLING WITH DIGITAL INNOVATION, AND TO ENSURE THAT LITERATURE REMAINS A VIBRANT PRESENCE IN POPULAR CULTURE BY SUPPORTING WRITERS, EMBRACING NEW TECHNOLOGIES, AND BUILDING LITERARY COMMUNITY. WE SERVE OUR MISSION BY OPERATING LITERARY WEBSITES, DEVELOPING INNOVATIVE PUBLISHING PROJECTS, AND HOSTING FREE LITERARY EVENTS THAT ARE OPEN TO THE PUBLIC.

Program Service Accomplishments

Program 1
Expenses: $395,254 Revenue: $127,587

Recommended Reading - weekly fiction magazine with over 100,000 readers per year, one of the largest audiences for literary short stories in the word. The Commuter - weekly magazine that publishes...

Read more

Recommended Reading - weekly fiction magazine with over 100,000 readers per year, one of the largest audiences for literary short stories in the word. The Commuter - weekly magazine that publishes short, experimental prose, poetry, and graphic narrative.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $293,867
Program Service Revenue $127,587
Investment Income $0
Other Revenue $24,116
TOTAL REVENUE $445,570

Expense Breakdown

Grants Paid $0
Salaries & Benefits $231,075
Fundraising Expenses $68,762
Program Expenses $395,254
Other Expenses $255,334
TOTAL EXPENSES $486,409

Year-over-Year Comparison

2024 2023 Change
Revenue $445,570 $477,969 -0.1%
Expenses $486,409 $470,053 +0.0%
Net Income $-40,839 $7,916 -6.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
5
Employees
3
Volunteers
25

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
2
$61,777
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HALIMAH MARCUS EXECUTIVE DIRECTOR 40.00
Officer
$61,777 $0 $61,777
RUSSELL A HUNTER BOARD CHAIRMAN/FOUNDER 5.00
Officer Director
$0 $0 $0
MICHAEL CUNNINGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
MEREDITH TALUSAN BOARD MEMBER 1.00
Director
$0 $0 $0
DEESHA PHILYAW BOARD MEMBER 1.00
Director
$0 $0 $0
SARA NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE CLIFFE BOARD MEMBER 1.00
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 No data No data No data No data
2024 $445,570 $486,409 $18,735 $-40,839
2023 $477,969 $470,053 $58,464 $7,916
2022 $411,473 $413,694 $24,342 $-2,221
2021 $328,113 $355,741 $16,411 $-27,628
2020 $320,464 $337,600 $29,626 $-17,136
2019 $280,663 $291,937 $51,859 $-11,274
2018 $294,717 $301,333 $59,621 $-6,616
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ELECTRIC LIT INC with other nonprofits in New York and across the country.