ECONOMIC HARDSHIP REPORTING PROJECT

EIN: 854054380 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$962,918
Total Expenses
$1,033,102
Total Assets
$906,205
Net Assets
$760,621
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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
2021
Legal Domicile
NY
Principal Officer
Matthew Annenberg
Phone
9175405306
Tax Period
2024-01-01 to 2024-12-31

ECONOMIC HARDSHIP REPORTING PROJECT, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $963K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

EHRP SUPPORTS INDEPENDENT JOURNALISTS TO CREATE HIGH QUALITY STORIES ABOUT ECONOMIC INEQUITY. WE THEN PLACE THOSE STORIES IN MAINSTREAM MEDIA, MOBILIZING READERS TO FIGHT SYSTEMS PERPETUATING ECONOMIC INJUSTICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $909,065
Program Service Revenue $45,000
Investment Income $8,603
Other Revenue $250
TOTAL REVENUE $962,918

Expense Breakdown

Grants Paid $126,238
Salaries & Benefits $595,562
Fundraising Expenses $242,476
Program Expenses $535,589
Other Expenses $311,302
TOTAL EXPENSES $1,033,102

Year-over-Year Comparison

2024 2023 Change
Revenue $962,918 $1,224,191 -0.2%
Expenses $1,033,102 $1,334,394 -0.2%
Net Income $-70,184 $-110,203 -0.4%
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

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Governance

Voting Members
6
Independent Members
6
Employees
5
Volunteers
13

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
6
$296,773
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alissa Quart Executive Dir. 40.00
Officer
$137,676 $45,343 $183,019
Debbie Hjelle Senior Editor 40.00
$102,812 $38,659 $141,471
Maire O'Malley COO 40.00
Officer
$99,920 $13,834 $113,754
Sarah Safer President 1.00
Officer Director
$0 $0 $0
Bruce Morrow Vice President 1.00
Officer Director
$0 $0 $0
Nikhil Swaminathan Secretary 1.00
Officer Director
$0 $0 $0
Matthew Annenberg Treasurer 1.00
Officer Director
$0 $0 $0
Duy Linh Tu Director 1.00
Director
$0 $0 $0
James Ledbetter Thru 1124 Director 1.00
Director
$0 $0 $0
Rimjhim Dey Director 1.00
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 $962,918 $1,033,102 $906,205 $-70,184
2023 $1,224,191 $1,334,394 $1,016,337 $-110,203
2022 $960,098 $1,343,589 $1,118,525 $-383,491
2022 $1,271,455 $1,342,686 $1,056,701 $-71,231
2021 $965,025 $295 $964,730 $964,730
2021 $965,025 $295 $964,730 $964,730
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