WASHINGTON MONTHLY INSTITUTE

EIN: 800434806 501(c)(3) Social Science

WASHINGTON, DC

Total Revenue
$2,075,875
Total Expenses
$1,490,425
Total Assets
$2,123,063
Net Assets
$1,685,515
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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
2010
Legal Domicile
DC
Principal Officer
PAUL GLASTRIS
Phone
2029559010
Tax Period
2024-01-01 to 2024-12-31

WASHINGTON MONTHLY INSTITUTE, founded in 2010, is a community nonprofit in the Social Science sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 195% from the prior year, signaling strong growth momentum. The organization ran a surplus of $585K, a strong 28% operating margin.

Mission

DEDICATED TO INCREASING PUBLIC KNOWLEDGE THROUGH WASHINGTON MONTHLY MAGAZINE AND WEBSITE WWW.WASHINGTONMONTHLY.COM. THE PRINT MAGAZINE, IN ITS 56TH YEAR, IS THE MOST IMPORTANT WATCHDOG OF AMERICAN GOVERNMENT BEING PUBLISHED TODAY, DIAGNOSING WHAT'S AWRY IN WASHINGTON AND WORLD AFFAIRS AND HOW TO FIX IT.

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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 $1,793,525
Program Service Revenue $240,203
Investment Income $26,620
Other Revenue $15,527
TOTAL REVENUE $2,075,875

Expense Breakdown

Grants Paid $0
Salaries & Benefits $825,297
Fundraising Expenses $0
Program Expenses $1,192,342
Other Expenses $665,128
TOTAL EXPENSES $1,490,425

Year-over-Year Comparison

2024 2023 Change
Revenue $2,075,875 $703,068 +2.0%
Expenses $1,490,425 $1,482,400 +0.0%
Net Income $585,450 $-779,332 -1.8%
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
6
Independent Members
5
Employees
10
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
3
$247,667
Total Directors
6
$147,667
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL GLASTRIS EDITOR IN CH 40.00
Officer Director
$147,667 $0 $147,667
NICHOLAS LEMANN CHAIR 2.00
Officer Director
$0 $0 $0
STEVEN WALDMAN DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE COTTLE DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL SORRELL DIRECTOR 2.00
Director
$0 $0 $0
TERRY EDMONDS DIRECTOR 2.00
Director
$0 $0 $0
ALICE GALLIN-DWYER DEPUTY DIREC 40.00
Officer
$100,000 $0 $100,000
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 $2,075,875 $1,490,425 $2,123,063 $585,450
2023 $703,068 $1,482,400 $1,594,194 $-779,332
2022 $2,014,906 $1,409,890 $2,484,190 $605,016
2021 $1,245,294 $1,411,379 $1,544,284 $-166,085
2020 $2,050,595 $1,228,882 $1,796,929 $821,713
2019 $838,081 $1,259,224 $908,495 $-421,143
2018 $1,815,573 $1,167,291 $1,206,018 $648,282
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