COUNCIL OF LITERARY MAGAZINES AND PRESSES

EIN: 526074500 501(c)(3)

NEW YORK, NY

Total Revenue
$1,473,111
Total Expenses
$1,631,944
Total Assets
$2,415,077
Net Assets
$2,189,581
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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
1967
Legal Domicile
NY
Principal Officer
MARY GANNON
Phone
2127419110
Tax Period
2024-07-01 to 2025-06-30

COUNCIL OF LITERARY MAGAZINES AND PRESSES, founded in 1967, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

COUNCIL OF LITERARY MAGAZINES AND PRESSES PROVIDES TECHNICAL ASSISTANCE TO TO THE COMMUNITY OF INDEPENDENT LITERARY PUBLISHERS AND ADVOCATES ON THEIR BEHALF.

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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 $1,185,892
Program Service Revenue $216,488
Investment Income $69,871
Other Revenue $860
TOTAL REVENUE $1,473,111

Expense Breakdown

Grants Paid $868,675
Salaries & Benefits $434,231
Fundraising Expenses $28,520
Program Expenses $1,474,191
Other Expenses $329,038
TOTAL EXPENSES $1,631,944

Year-over-Year Comparison

2024 2023 Change
Revenue $1,473,111 $1,512,677 0.0%
Expenses $1,631,944 $1,348,159 +0.2%
Net Income $-158,833 $164,518 -2.0%
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
11
Independent Members
11
Employees
5
Volunteers
11

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
5
$154,387
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY GANNON EXECUTIVE DI 40.00
Officer
$131,348 $23,039 $154,387
NICOLE DEWEY CHAIR 1.00
Officer Director
$0 $0 $0
JUDY HOTTENSEN VICE CHAIR 1.00
Officer Director
$0 $0 $0
ELLIS B LEVINE ESQ TREASURER 1.00
Officer Director
$0 $0 $0
KATIE DUBLINSKI SECRETARY 1.00
Officer Director
$0 $0 $0
TOMER INBAR BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN JAMAIL BOARD MEMBER 1.00
Director
$0 $0 $0
BEENA KAMLANI BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH PAREDEZ BOARD MEMBER 1.00
Director
$0 $0 $0
NICK PARKER BOARD MEMBER 1.00
Director
$0 $0 $0
CLARENCE REYNOLDS BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID WILK 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 $1,473,111 $1,631,944 $2,415,077 $-158,833
2024 $1,512,677 $1,348,159 $2,510,642 $164,518
2023 $1,165,659 $1,087,460 $2,399,416 $78,199
2022 $3,603,778 $2,232,205 $2,335,733 $1,371,573
2021 $2,321,993 $1,807,679 $859,640 $514,314
2020 $654,866 $500,991 $327,002 $153,875
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