The Record Community News Group (EIN 851425791) - 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

Joseph Coughlin

Phone

8152632319

Tax Period

2024-01-01 to 2024-12-31

The Record Community News Group, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $299K in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 21% operating margin.

Mission

As its primary and most fundamental activity, The Record Community News henceforth The Record produces, publishes and distributes hyperlocal, independent news and information via a news site, emailed newsletter and audio recordings or podcasts. The Record reports information that is educational to the residents of the North Shore of Chicago - a suburban area north of the city limits and along Lake Michigan's shoreline - and operates in a manner consistent with tax-exempt status under section 501c3.

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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 $218,016

Program Service Revenue $80,608

Investment Income $10

Other Revenue $0

TOTAL REVENUE $298,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,961

Fundraising Expenses $34,691

Program Expenses $136,118

Other Expenses $67,496

TOTAL EXPENSES $235,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,634	$176,154	+0.7%
Expenses	$235,457	$142,244	+0.7%
Net Income	$63,177	$33,910	+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

Governance

Voting Members

Independent Members

Employees

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

$86,961

Total Directors

$86,961

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Coughlin	Treasurer	40.00	Officer Director	$86,961	$0	$86,961
Jennifer Gordon	Secretary	1.25	Officer Director	$0	$0	$0
John Jenks	Director	1.25	Director	$0	$0	$0
Fouad Egbaria	Vice President	1.25	Officer Director	$0	$0	$0
JA Adande	President	1.25	Officer Director	$0	$0	$0
George Rafeedie	Director	1.25	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	$298,634	$235,457	$109,431	$63,177

The Record Community News Group