San Jose News Bureau

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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

2018

Legal Domicile

Principal Officer

Ramona Giwargis

Phone

4088294476

Tax Period

2024-01-01 to 2024-12-31

San Jose News Bureau, founded in 2018, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Build a community-supported newsroom that ignites civic engagement, educates citizens and strengthens our democracy.

Program Service Accomplishments

Program 1

Expenses: $1,031,471 Revenue: $149,406

San Jose News Bureau successfully launched San Jose Spotlight, an independent, nonprofit news organization. Using a combination of staff and freelance reporters, San Jose Spotlight brings unbiased...

San Jose News Bureau successfully launched San Jose Spotlight, an independent, nonprofit news organization. Using a combination of staff and freelance reporters, San Jose Spotlight brings unbiased reporting on topics of interest to our readers, covering policy, politics and government, housing, education, business, and other important topics in Silicon Valley. We have grown our newsletter list to more than 14,000 subscribers and have 250,000 monthly readers and growing.

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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 $916,671

Program Service Revenue $149,406

Investment Income $0

Other Revenue $85,763

TOTAL REVENUE $1,151,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $883,440

Fundraising Expenses $41,944

Program Expenses $1,031,471

Other Expenses $297,380

TOTAL EXPENSES $1,180,820

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,151,840	$1,053,008	+0.1%
Expenses	$1,180,820	$1,037,799	+0.1%
Net Income	$-28,980	$15,209	-2.9%

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

$92,155

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joshua Barousse	Executive Dir.	45.00	Director	$100,000	$0	$100,000
Ramona Giwargis	CEO	45.00	Officer	$92,155	$0	$92,155
Perla Rodriguez	Trustee	1.00	Director	$0	$0	$0
Michael Fox Jr	Treasurer	1.00	Director	$0	$0	$0
Larry Sokoloff	Secretary	1.00	Director	$0	$0	$0
Akemi Flynn	Trustee	1.00	Director	$0	$0	$0
Bob Nunez	President	1.00	Director	$0	$0	$0
Ahmad Thomas	Vice President	1.00	Director	$0	$0	$0
Michael Dao	Trustee	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	$1,151,840	$1,180,820	$870,165	$-28,980
2023	$1,053,008	$1,037,799	$899,735	$15,209
2022	$785,021	$857,270	$766,609	$-72,249
2021	$1,070,986	$593,031	$833,642	$477,955
2020	$653,188	$449,659	$385,781	$203,529