The Markup News Inc (EIN 843438375) - 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

2020

Legal Domicile

Principal Officer

Neil Chase

Phone

3477174094

Tax Period

2024-01-01 to 2024-12-31

The Markup News Inc, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $610K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 631% operating deficit.

Mission

THE MARKUP IS A NONPROFIT NEWSROOM THAT CHALLENGES TECHNOLOGY TO SERVE THE PUBLIC GOOD. THE MARKUP UTILIZES AN UNPARALLELED ROSTER OF ENGINEERS AND JOURNALISTS WHO PURSUE MEANINGFUL, DATA-DRIVEN INVESTIGATIONS AND DEVELOP DIGITAL TOOLS.

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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 $585,509

Program Service Revenue $0

Investment Income $19,710

Other Revenue $4,450

TOTAL REVENUE $609,669

Expense Breakdown

Grants Paid $1,269,076

Salaries & Benefits $2,650,424

Fundraising Expenses $44,220

Program Expenses $3,757,135

Other Expenses $536,642

TOTAL EXPENSES $4,456,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$609,669	$4,306,050	-0.9%
Expenses	$4,456,142	$5,622,602	-0.2%
Net Income	$-3,846,473	$-1,316,552	+1.9%

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

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

$706,572

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Neil Chase	CEO	40.00	Officer	$0	$44,072	$467,861
Nabiha Syed	CEO	40.00	Officer	$213,489	$25,222	$238,711
Sisi Wei	Editor-in-Chief	40.00		$164,869	$12,006	$176,875
Monique O Madan Urrutia	Journalist	40.00		$114,700	$48,602	$163,302
Michael Reilly	Managing Editor	40.00		$113,909	$23,747	$137,656
Ali Frances	Operations Manager	40.00		$89,191	$30,602	$119,793
Jon Keegan	Journalist	40.00		$94,736	$23,271	$118,007
Ramsey Isler	Product Director	40.00		$95,313	$9,570	$104,883
David Boardman	Past Chair	2.00	Officer Director	$0	$0	$0
Anil Dash	Director	2.00	Officer Director	$0	$0	$0
Melissa Harris-Perry	Director	2.00	Officer Director	$0	$0	$0
Stuart Karle	Director	2.00	Officer Director	$0	$0	$0
Paul Ohm	Director	2.00	Director	$0	$0	$0
Nicole Wong	Director	2.00	Director	$0	$0	$0
John Boland	Chair	2.00	Officer Director	$0	$0	$0
Hema Sareen Mohan	Vice Chair	2.00	Officer Director	$0	$0	$0
Leo Wolinsky	Director	2.00	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	$609,669	$4,456,142	$48,625	$-3,846,473
2023	$4,306,050	$5,622,602	$4,104,173	$-1,316,552
2022	$4,285,481	$5,921,216	$5,503,972	$-1,635,735
2021	$6,862,028	$5,719,713	$7,207,134	$1,142,315
2020	$10,420,954	$4,564,549	$6,014,280	$5,856,405

The Markup News Inc