Canary Media Inc

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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

Phone

8284194856

Tax Period

2024-07-01 to 2025-06-30

Canary Media Inc, founded in 2021, is a community nonprofit in the Environment sector that reported $3.7M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $638K, a strong 17% operating margin.

Mission

Canary Media is an independent, nonprofit newsroom covering the transition to clean energy.

Program Service Accomplishments

Program 1

Expenses: $2,406,700 Revenue: $116,397

Canary Media is an independent, nonprofit newsroom covering the transition to clean energy and solutions to the climate crisis. We report on how the world is decarbonizing - in electricity...

Canary Media is an independent, nonprofit newsroom covering the transition to clean energy and solutions to the climate crisis. We report on how the world is decarbonizing - in electricity, transportation, buildings, and industry - with a critical focus on finding out what works and what doesn't. Through uncompromising reporting, our journalists dig into the ways policymakers, businesses, investors, and communities are moving toward a clean and equitable energy future.

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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 $3,063,950

Program Service Revenue $588,435

Investment Income $51,702

Other Revenue $0

TOTAL REVENUE $3,704,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,192,243

Fundraising Expenses $294,583

Program Expenses $2,406,700

Other Expenses $874,128

TOTAL EXPENSES $3,066,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,704,087	$6,642,620	-0.4%
Expenses	$3,066,371	$2,621,829	+0.2%
Net Income	$637,716	$4,020,791	-0.8%

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

$361,929

Total Directors

$1,070,320

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric WESOFF	EXECUTIVE DIRECTOR	40.0	Officer Director	$167,464	$17,545	$185,009
Adam Browning	Board Member	1.0	Director	$0	$0	$0
Lena Hansen	Board Member	1.0	Director	$0	$31,890	$422,299
MARTHA PICKETT	BOARD MEMBER	1.0	Director	$0	$41,559	$463,012
Nicholas RINALDI	Treasurer & General Manager	40.0	Officer	$155,432	$21,488	$176,920
Jeff St John	Chief Reporter and Policy Specialist	40.0	Highest	$138,773	$42,064	$180,837
Julian Spector	Senior Reporter	40.0	Highest	$119,374	$15,444	$134,818
Katherine Gottsch	Senior Director, Content & Partnership	40.0	Highest	$119,970	$8,901	$128,871
Lisa Hymas	Executive Editor	40.0	Highest	$149,581	$33,149	$182,730
Stephanie Primavera	Director of Creative and Brand Partnerships	40.0	Highest	$112,773	$19,640	$132,413

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	No data	No data	No data	No data
2025	$3,704,087	$3,066,371	$2,175,075	$637,716
2024	$6,642,620	$2,621,829	$1,417,188	$4,020,791
2023	$1,234,416	$2,825,261	$704,804	$-1,590,845
2022	$1,481,832	$2,679,423	$509,127	$-1,197,591