CENTRAL CURRENT INC (EIN 861656116) - 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

ROOSEVELT WRIGHT JR

Phone

3157016383

Tax Period

2024-01-01 to 2024-12-31

CENTRAL CURRENT INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $374K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $432K exceeded revenue, resulting in a 16% operating deficit.

Mission

CENTRAL CURRENT, INC. IS A NONPROFIT,NONPARTISAN NEWS ORGANIZATION DEDICATED TO BRINGING INDEPENDENT ONLINE NEWS TO CENTRAL NEW YORK BY PUBLISHING ARTICLES, PHOTOGRAPHS, AND AUDIO THROUGH ITS WEBSITE, NEWSLETTERS AND SOCIAL MEDIA.

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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 $373,915

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $373,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,566

Fundraising Expenses $68,669

Program Expenses $215,452

Other Expenses $116,677

TOTAL EXPENSES $432,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$373,915	$393,704	-0.1%
Expenses	$432,243	$390,408	+0.1%
Net Income	$-58,328	$3,296	-18.7%

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

$64,341

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY MALAVENDA	BOARD MEMBER	1.00	Director	$0	$0	$0
ROOSEVELT RICK WRIGHT JR	CHAIR	2.00	Officer Director	$0	$0	$0
LAURENCE BOUSQUET	TREASURER	2.00	Officer Director	$0	$0	$0
SAPNA KOLLALI	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA LAVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK MANNION	SECRETARY	2.00	Officer Director	$0	$0	$0
SAMUEL ROWSER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE PASQUALE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MAXIMILIAN EYLE	EXECUTIVE DIRECTOR	40.00	Officer	$57,077	$7,264	$64,341

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	$373,915	$432,243	$91,302	$-58,328
2023	$393,704	$390,408	$141,240	$3,296
2022	$328,765	$250,641	$139,324	$78,124
2022	$328,765	$250,641	$139,324	$78,124

CENTRAL CURRENT INC