THE IPSWICH LOCAL NEWS INC

EIN: 843780597 501(c)(3) Arts, Culture & Humanities

IPSWICH, MA

Total Revenue
$525,586
Total Expenses
$562,164
Total Assets
$195,576
Net Assets
$173,334
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MA
Principal Officer
JOHN MULDOON
Phone
9785006077
Tax Period
2025-01-01 to 2025-12-31

THE IPSWICH LOCAL NEWS INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $526K in total revenue in fiscal year 2025.

Mission

THE IPSWICH LOCAL NEWS IS A LOCAL NEWSPAPER PUBLICATION. THE ORGANIZATION'S MISSION IS TO PROVIDE ACCURATE AND FAIR COVERAGE OF THE LOCAL NEWS OF IPSWICH AND ROWLEY, MA AND SURROUNDING COMMUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $190,824
Program Service Revenue $333,879
Investment Income $883
Other Revenue $0
TOTAL REVENUE $525,586

Expense Breakdown

Grants Paid $0
Salaries & Benefits $341,202
Fundraising Expenses $46,992
Program Expenses $369,383
Other Expenses $220,962
TOTAL EXPENSES $562,164

Year-over-Year Comparison

2025 2024 Change
Revenue $525,586 $520,025 +0.0%
Expenses $562,164 $561,985 +0.0%
Net Income $-36,578 $-41,960 -0.1%
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
6
Independent Members
4
Employees
7
Volunteers
4

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
4
$90,003
Total Directors
6
$90,003
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MULDOON TREASURER 20.00
Officer Director
$65,388 $0 $65,388
WILLIAM CRAFT PRESIDENT 2.00
Officer Director
$0 $0 $0
CHARLES GOODRICH CLERK 2.00
Officer Director
$0 $0 $0
ERIC GEDSTAD EXECUTIVE DIRECTOR & BOARD MEMBER 40.00
Officer Director
$24,615 $0 $24,615
DAVID GARLAND DIRECTOR (AS OF DEC. 2025) 2.00
Director
$0 $0 $0
ELLIE SPAULDING RAYMOND DIRECTOR (AS OF DEC. 2025) 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
2025 $525,586 $562,164 $195,576 $-36,578
2024 $520,025 $561,985 $229,361 $-41,960
2023 $480,015 $472,585 $324,427 $7,430
2022 $402,321 $361,234 $257,393 $41,087
2021 $424,985 $299,518 $182,231 $125,467
2020 $253,079 $198,059 $56,764 $55,020
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