INSIDE CLIMATE NEWS INC (EIN 562451141) - 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

2004

Legal Domicile

Principal Officer

DAVID SASSOON

Phone

7183045066

Tax Period

2024-01-01 to 2024-12-31

INSIDE CLIMATE NEWS INC, founded in 2004, is a community nonprofit in the Social Science sector that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 41% operating margin.

Mission

INSIDE CLIMATE NEWS IS COMMITTED TO ESTABLISHING A PERMANENT NATIONAL REPORTING NETWORK, TO TRAINING THE NEXT GENERATION OF JOURNALISTS, AND TO STRENGTHENING THE PRACTICE OF ENVIRONMENTAL JOURNALISM.

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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 $6,470,987

Program Service Revenue $18,873

Investment Income $86,318

Other Revenue $0

TOTAL REVENUE $6,576,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,220,427

Fundraising Expenses $363,791

Program Expenses $3,319,237

Other Expenses $672,803

TOTAL EXPENSES $3,893,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,576,178	$3,638,304	+0.8%
Expenses	$3,893,230	$3,302,451	+0.2%
Net Income	$2,682,948	$335,853	+7.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$250,301

Total Directors

$250,301

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SASSOON	PRESIDENT	40.00	Officer Director	$233,564	$16,737	$250,301
LAWRENCE RODMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL NORTHROP	BOARD MEMBER	1.00	Director	$0	$0	$0
TED LOEWENTHAL	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH ALBERT	CHAIR	1.00	Officer Director	$0	$0	$0
SHIRLEY M CARSWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN MULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD GRAVES	BOARD MEMBER	1.00	Director	$0	$0	$0
ZANAGEE ARTIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTONIETA CADIZ	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARK HOYT	BOARD MEMBER	1.00	Director	$0	$0	$0
BAKEYAH NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KARL R RABAGO	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN BOYLE	DIRECTOR OF DEVELOPMENT AN	40.00	Highest	$141,000	$5,436	$146,436
VERNON LOEB	EXECUTIVE EDITOR	40.00	Highest	$165,169	$13,516	$178,685
MICHAEL KODAS	SENIOR EDITOR	40.00	Highest	$112,000	$4,488	$116,488
ERIN COLLIER	SENIOR EDITOR	40.00	Highest	$102,000	$8	$102,008
CAROLINE JONES	SENIOR EDITOR	40.00	Highest	$100,593	$10,614	$111,207

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	$6,576,178	$3,893,230	$5,889,256	$2,682,948
2023	$3,638,304	$3,302,451	$3,085,685	$335,853
2022	$3,031,154	$2,902,454	$2,812,133	$128,700
2021	$3,451,685	$2,364,681	$2,601,521	$1,087,004
2020	$1,874,112	$2,277,133	$1,870,974	$-403,021
2019	$2,308,901	$2,188,080	$1,916,677	$120,821

INSIDE CLIMATE NEWS INC