Canary Media Inc

EIN: 862478288 501(c)(3) Environment

Asheville, NC

Total Revenue
$3,704,087
Total Expenses
$3,066,371
Total Assets
$2,175,075
Net Assets
$1,799,722
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DE
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.

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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 $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

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Governance

Voting Members
4
Independent Members
1
Employees
12
Volunteers
1

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
2
$361,929
Total Directors
4
$1,070,320
Key Employees
0
$0
Highest Compensated
5
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
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