Borderless Magazine NFP (EIN 831266434) - 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

2018

Legal Domicile

Principal Officer

Nissa Rhee

Phone

7732007943

Tax Period

2025-01-01 to 2025-12-31

Borderless Magazine NFP, founded in 2018, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $200K, a strong 16% operating margin.

Mission

BORDERLESS MAGAZINE NFP IS A CHICAGO-BASED NONPROFIT NEWS OUTLET THAT IS REIMAGINING LOCAL IMMIGRATION JOURNALISM FOR A MORE JUST AND EQUITABLE FUTURE. WE PROVIDE FREE, LOCAL AND STATE NEWS COVERAGE TO ENGLISH AND SPANISH SPEAKERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,273,842

Program Service Revenue $19,097

Investment Income $0

Other Revenue $-9,274

TOTAL REVENUE $1,283,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $843,846

Fundraising Expenses $186,779

Program Expenses $681,023

Other Expenses $239,562

TOTAL EXPENSES $1,083,408

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,283,665	$1,157,216	+0.1%
Expenses	$1,083,408	$658,871	+0.6%
Net Income	$200,257	$498,345	-0.6%

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

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

$108,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nissa Rhee	Executive Dir.	40.00	Officer	$108,800	$0	$108,800
Andrea Z Ruiz Rabadan	President	1.00	Officer Director	$0	$0	$0
Shapelle Pisano	Treasurer	1.00	Officer Director	$0	$0	$0
Laura R Garca Ramrez	Director	1.00	Director	$0	$0	$0
Claire Rychlewski	Director	1.00	Director	$0	$0	$0
Maty Ortega Cruz	Director	1.00	Director	$0	$0	$0
Suzanne Franklin	Director	1.00	Director	$0	$0	$0
Ghazala Irshad	Director	1.00	Director	$0	$0	$0
Nick Tarasen	Director	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	$1,283,665	$1,083,408	$936,809	$200,257
2024	$1,157,216	$658,871	$730,357	$498,345
2023	$498,659	$473,789	$227,241	$24,870
2022	$480,716	$413,010	$213,634	$67,706
2021	$276,450	$275,062	$131,890	$1,388

Borderless Magazine NFP