MONTCLAIR LOCAL NONPROFIT NEWS INC (EIN 833801012) - 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

2019

Legal Domicile

Principal Officer

BRIAN TRAINOR

Phone

9179230403

Tax Period

2024-01-01 to 2024-12-31

MONTCLAIR LOCAL NONPROFIT NEWS INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $595K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $520K left a modest 13% surplus.

Mission

THE MONTCLAIR LOCAL MISSION IS TO MAKE ITS HOMETOWN STRONGER THROUGH INDEPENDENT, IN-DEPTH, FACTUAL REPORTING ON THE ISSUES AND EVENTS THAT AFFECT MONTCLAIR RESIDENTS, COVERING THE PEOPLE WHO MAKE MONTCLAIR THE ENGAGED AND VIBRANT COMMUNITY THAT ITS RESIDENTS CALL HOME.

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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 $422,429

Program Service Revenue $161,820

Investment Income $0

Other Revenue $10,576

TOTAL REVENUE $594,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $294,591

Fundraising Expenses $82,684

Program Expenses $261,004

Other Expenses $225,337

TOTAL EXPENSES $519,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$594,825	$634,297	-0.1%
Expenses	$519,928	$687,140	-0.2%
Net Income	$74,897	$-52,843	-2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLLIE HARTSFIELD	TRUSTEE (RES. EFF. JAN 2024)	2.00	Director	$0	$0	$0
JUSTIN JAMAIL	TRUSTEE	2.00	Director	$0	$0	$0
JASON WHITE	TRUSTEE	2.00	Director	$0	$0	$0
KATHLEEN CARROLL	PRESIDENT / CHAIR	6.00	Officer Director	$0	$0	$0
JENNIFER DORR-MOON	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN ENGELBERG	TRUSTEE	2.00	Director	$0	$0	$0
DAVID R JONES	TRUSTEE	2.00	Director	$0	$0	$0
VATE POWELL	TRUSTEE	2.00	Director	$0	$0	$0
JAKE SILVERSTEIN	TRUSTEE (RES. EFF. JULY 2024)	2.00	Director	$0	$0	$0
JONATHAN BELLACK	TRUSTEE	2.00	Director	$0	$0	$0
TREI BRUNDRETT	TRUSTEE	2.00	Director	$0	$0	$0
HOLLY SHAKOOR FLEISCHER	TRUSTEE	2.00	Director	$0	$0	$0
ALICE ANOFF IVERSEN	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN CAROVILLANO	TRUSTEE	2.00	Director	$0	$0	$0
ERIN CHUNG	TRUSTEE	2.00	Director	$0	$0	$0
KELLEY HOLLAND	TRUSTEE	2.00	Director	$0	$0	$0
JON KELLY	TRUSTEE	2.00	Director	$0	$0	$0
HENRY LANMAN	SECRETARY	3.00	Officer Director	$0	$0	$0
CATHERINE TAIBI AUTORINO	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN TRAINOR	TREASURER	5.00	Officer 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	$594,825	$519,928	$297,021	$74,897
2023	$634,297	$687,140	$223,124	$-52,843
2022	$774,721	$801,308	$276,441	$-26,587
2021	$808,409	$765,884	$432,848	$42,525
2020	$382,137	$172,578	$313,520	$209,559

MONTCLAIR LOCAL NONPROFIT NEWS INC