THE 74 MEDIA INC

EIN: 472788684 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$3,186,574
Total Expenses
$4,191,025
Total Assets
$8,364,765
Net Assets
$6,097,737
🔒

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
2015
Legal Domicile
DE
Principal Officer
STEVE SNYDER
Phone
7276230934
Tax Period
2024-01-01 to 2024-12-31

THE 74 MEDIA INC, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE 74 IS A NON-PROFIT, NON-PARTISAN NEWS SITE COVERING EDUCATION IN AMERICA. WE BELIEVE OUR PUBLIC EDUCATION SYSTEM IS IN CRISIS. IN THE UNITED STATES, FEWER THAN HALF OUR STUDENTS CAN READ OR DO MATH AT GRADE-LEVEL, YET THE EDUCATION DEBATE IS DOMINATED BY MISINFORMATION.

Program Service Accomplishments

Program 1
Expenses: $707,643

STUDENT PROGRESS (AND STRUGGLES) AFTER COVID: NOW FOUR YEARS REMOVED FROM THE FIRST CLASSROOM CLOSURES CAUSED BY COVID, 2024 PROVED TO BE A PIVOTAL YEAR IN CONFRONTING STUDENT ABSENTEEISM AND...

Read more

STUDENT PROGRESS (AND STRUGGLES) AFTER COVID: NOW FOUR YEARS REMOVED FROM THE FIRST CLASSROOM CLOSURES CAUSED BY COVID, 2024 PROVED TO BE A PIVOTAL YEAR IN CONFRONTING STUDENT ABSENTEEISM AND DECLINING SCHOOL ENROLLMENT TRENDS AND COVERING THE RAPID EXPANSION OF INNOVATIVE SCHOOL MODELS, AS FAMILIES SOUGHT ALTERNATIVE EDUCATION OPTIONS. THE 74 WAS COMMITTED TO COVERING THIS SEA CHANGE IN THE EDUCATIONAL SYSTEM, FROM SHIFTING FAMILY PREFERENCES TO THE EMERGENCE OF A NEW WAVE OF EDUCATIONAL ENTREPRENEURS AND EMERGING STATE POLICIES THAT GAVE FAMILIES GREATER AUTONOMY IN PURSUING ALTERNATIVE EDUCATIONAL SETTINGS.

Program 2
Expenses: $530,732 Revenue: $300

THE FUTURE OF COLLEGE AND CAREER: 2024 SAW CONTINUED DISRUPTIONS TO THE NATION'S COLLEGE PIPELINE AND A CORRESPONDING REASSESSMENT OF HIGH SCHOOL DIPLOMAS. HOW SHOULD TODAY'S HIGH SCHOOL GRADUATES BE...

Read more

THE FUTURE OF COLLEGE AND CAREER: 2024 SAW CONTINUED DISRUPTIONS TO THE NATION'S COLLEGE PIPELINE AND A CORRESPONDING REASSESSMENT OF HIGH SCHOOL DIPLOMAS. HOW SHOULD TODAY'S HIGH SCHOOL GRADUATES BE PREPARED FOR BOTH COLLEGE AND CAREER TODAY? AND HOW SHOULD THE HIGH SCHOOL EXPERIENCE BE RECONCEIVED, TO BETTER PREPARE THE TEENS OF 2024 FOR THE FUTURE WORKFORCE? THE 74 DEDICATED SIGNIFICANT BANDWIDTH TO EXPLORING THESE QUESTIONS, BY CONTINUING OUR "FUTURE OF HIGH SCHOOL" SERIES THAT CAST A SPOTLIGHT ON THE MOST UNIQUE CAMPUSES ACROSS THE NATION. FROM WORKFORCE PREPAREDNESS TO BETTER SUPPORT FOR HIGH SCHOOL GRADS TRANSITIONING TO BOTH COMMUNITY COLLEGES AND FOUR-YEAR PROGRAMS, OUR JOURNALISTS COVERED THE CAMPUSES ON THE CUTTING EDGE OF A HIGH SCHOOL REVOLUTION.

Program 3
Expenses: $247,675

EDUCATION TECHNOLOGY AND THE RISE OF AI TOOLS: WE DEEPENED OUR FEATURE REPORTING ABOUT THE CREATION OF CLASSROOM TOOLS TO AID BOTH TEACHERS IN THEIR JOBS AND STUDENTS IN THEIR LEARNING. AS WE PUT A...

Read more

EDUCATION TECHNOLOGY AND THE RISE OF AI TOOLS: WE DEEPENED OUR FEATURE REPORTING ABOUT THE CREATION OF CLASSROOM TOOLS TO AID BOTH TEACHERS IN THEIR JOBS AND STUDENTS IN THEIR LEARNING. AS WE PUT A SPOTLIGHT ON ARTIFICIAL INTELLIGENCE, WE ALSO PRIORITIZED COVERAGE OF HOW EDUCATORS ARE BEING BROUGHT INTO THE INNOVATIVE PROCESS AND CASE STUDIES OF HOW NEW TOOLS ARE BEING DEPLOYED (BOTH SUCCESSFULLY AND UNSUCCESSFULLY) IN THE CLASSROOM SETTING.

🔒

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 $3,014,757
Program Service Revenue $0
Investment Income $158,048
Other Revenue $13,769
TOTAL REVENUE $3,186,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,280,085
Fundraising Expenses $109,093
Program Expenses $3,538,217
Other Expenses $910,940
TOTAL EXPENSES $4,191,025

Year-over-Year Comparison

2024 2023 Change
Revenue $3,186,574 $7,734,015 -0.6%
Expenses $4,191,025 $3,868,696 +0.1%
Net Income $-1,004,451 $3,865,319 -1.3%
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
4
Independent Members
4
Employees
26
Volunteers
4

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
3
$283,885
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROMY A DRUCKER PRESIDENT/DIRECTOR 0.15
Officer Director
$0 $0 $0
KEVIN SHAFER TREASURER/SECRETARY/DIRECTOR 0.15
Officer Director
$0 $0 $0
ANDY ROTHERHAM DIRECTOR 0.15
Director
$0 $0 $0
CAMPBELL BROWN DIRECTOR 0.15
Director
$0 $0 $0
STEVEN SNYDER CHIEF EXECUTIVE OFFICER 40.00
Officer
$257,695 $26,190 $283,885
ANDREW BROWNSTEIN EXECUTIVE EDITOR 40.00
Highest
$128,000 $20,889 $148,889
KATHLEEN MOORE O'CONNOR EXECUTIVE EDITOR 40.00
Highest
$152,120 $8,260 $160,380
JOANNE WASSERMAN EXECUTIVE EDITOR 40.00
Highest
$128,915 $24,876 $153,791
BEVERLY WEINTRAUB EXECUTIVE EDITOR 40.00
Highest
$151,250 $25,929 $177,179
EMMELINE ZHAO CHIEF CREATIVE OFFICER 40.00
Highest
$195,000 $26,524 $221,524
JAMES ROBERTS CONTRIBUTING EDITOR (FORMER OFFICER) 40.00
$122,215 $24,409 $146,624
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 $3,186,574 $4,191,025 $8,364,765 $-1,004,451
2023 $7,734,015 $3,868,696 $7,116,903 $3,865,319
2022 $4,513,773 $3,668,041 $3,246,749 $845,732
2021 $4,344,450 $3,195,309 $2,838,381 $1,149,141
2020 $4,044,925 $2,917,401 $1,657,917 $1,127,524
2019 $2,744,146 $3,286,148 $432,025 $-542,002
2018 $4,141,831 $3,714,706 $808,529 $427,125
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE 74 MEDIA INC with other nonprofits in New York and across the country.