COMMUNITY NEWS FOUNDATION

EIN: 833525020 501(c)(3) Public & Societal Benefit

HARRISONVILLE, MO

Total Revenue
$6,036,100
Total Expenses
$6,038,123
Total Assets
$306,892
Net Assets
$306,892
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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
2019
Legal Domicile
MO
Principal Officer
RAKESH DONTHINENI
Phone
2024224999
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY NEWS FOUNDATION, founded in 2019, is a community nonprofit in the Public & Societal Benefit sector that reported $6.0M in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum.

Mission

TO RESTORE COMMUNITY-BASED JOURNALISM, INCLUDING THROUGH GRANTS, AS WELL AS DEVELOPMENT OF DIGITAL PLATFORMS.

Program Service Accomplishments

Program 1
Expenses: $6,005,165 Revenue: $0

PROVIDED CONTENT UNDERWRITING SUPPORT FOR NEWS REPORTING ON MORE THAN 1,000 ONLINE NEWS SITES THAT ARE FOCUSED ON COMMUNITY NEWS. PUBLISHED MORE THAN 100,000 ARTICLES PER MONTH RELATING TO LOCAL...

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PROVIDED CONTENT UNDERWRITING SUPPORT FOR NEWS REPORTING ON MORE THAN 1,000 ONLINE NEWS SITES THAT ARE FOCUSED ON COMMUNITY NEWS. PUBLISHED MORE THAN 100,000 ARTICLES PER MONTH RELATING TO LOCAL ISSUES, INCLUDING DATA FROM GOVERNMENT DATABASES AND INDUSTRY SOURCES, INTERVIEWS WITH CITIZENS, AND IN-DEPTH REPORTING. ARTICLES WERE VIEWED BY MORE THAN 1 MILLION READERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,036,100
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,036,100

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,000
Fundraising Expenses $0
Program Expenses $6,005,165
Other Expenses $6,008,123
TOTAL EXPENSES $6,038,123

Year-over-Year Comparison

2023 2022 Change
Revenue $6,036,100 $3,572,768 +0.7%
Expenses $6,038,123 $3,597,758 +0.7%
Net Income $-2,023 $-24,990 -0.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
2
$30,000
Total Directors
4
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE APPEL EXECUTIVE DIRECTOR/SECRETARY 3.00
Officer Director
$30,000 $0 $30,000
VICTOR CHEN DIRECTOR 3.00
Director
$0 $0 $0
RAKESH DONTHINENI PRESIDENT 3.00
Officer Director
$0 $0 $0
BRENT SOUTHWELL DIRECTOR 3.00
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
2024 No data No data No data No data
2023 $6,036,100 $6,038,123 $306,892 $-2,023
2022 $3,572,768 $3,597,758 $308,915 $-24,990
2021 $1,765,390 $1,455,300 $333,905 $310,090
2020 $2,690,221 $2,790,564 $23,815 $-100,343
2019 $407,500 $283,342 $124,158 $124,158
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