Local Reporting Lab Initiative Inc

EIN: 871232586 501(c)(3) Arts, Culture & Humanities

Boulder, CO

Total Revenue
$518,430
Total Expenses
$270,197
Total Assets
$1,095,695
Net Assets
$1,095,695
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CO
Principal Officer
Stacy Feldman
Phone
9737382154
Tax Period
2025-01-01 to 2025-12-31

Local Reporting Lab Initiative Inc, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $518K in total revenue in fiscal year 2025. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $248K, a strong 48% operating margin.

Mission

TO PROVIDE THE PEOPLE WHO LIVE, WORK, LEARN AND PLAY IN AND AROUND BOULDER, COLORADO, WITH HIGHQUALITY, TRUSTWORTHY, LOCALFIRST REPORTING AND ESSENTIAL INFORMATION TO MAKE SENSE OF ISSUES AND EVENTS HAPPENING AROUND THEM, NAVIGATE THEIR LIVES AND BUILD COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $54,348

Expanded Boulder Reporting Lab's reach and readership through the BRL Today newsletter and website, which provide free daily local news and information. By the end of 2025, BRL reached more than...

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Expanded Boulder Reporting Lab's reach and readership through the BRL Today newsletter and website, which provide free daily local news and information. By the end of 2025, BRL reached more than 22,000 subscribers roughly half of Boulder households strengthening its role as Boulder's leading source of independent local journalism. The newsroom also fostered civic participation through coverage of local elections, community events, and opportunities for readers to share questions and ideas that helped shape reporting priorities.

Program 2
Expenses: $108,695

Produced deeply reported journalism on the most pressing issues facing Boulder County, including wildfire risk and resilience, housing affordability, homelessness, local government accountability...

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Produced deeply reported journalism on the most pressing issues facing Boulder County, including wildfire risk and resilience, housing affordability, homelessness, local government accountability, climate and environmental policy, and the future of federally funded science and research. Coverage included Boulder City Council and Boulder County Commission decisions, education policy, nonprofit governance, equity issues, major development debates, and the intersection of higher education, science and public policy. BRL's reporting informed community debate, helped residents better understand local decisions, and earned numerous state and regional journalism awards for excellence and impact.

Program 3
Expenses: $54,348

Focused on strengthening the newsroom's long-term sustainability and expanding its editorial capacity. The organization began implementing recommendations from a newsroom audit to grow revenue...

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Focused on strengthening the newsroom's long-term sustainability and expanding its editorial capacity. The organization began implementing recommendations from a newsroom audit to grow revenue, improve performance tracking and strengthen communication with readers and supporters, helping lay the groundwork for more diversified income streams. It also launched a strategic planning process to create a clear roadmap for continued growth, stronger operations and long-term stability.

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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 (2025)

Revenue Breakdown

Contributions & Grants $456,239
Program Service Revenue $38,944
Investment Income $21,247
Other Revenue $2,000
TOTAL REVENUE $518,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $176,741
Fundraising Expenses $3,250
Program Expenses $217,391
Other Expenses $93,456
TOTAL EXPENSES $270,197

Year-over-Year Comparison

2025 2024 Change
Revenue $518,430 $318,880 +0.6%
Expenses $270,197 $214,713 +0.3%
Net Income $248,233 $104,167 +1.4%
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
4
Independent Members
4
Employees
3
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
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT KANE President 2.00
Director
$0 $0 $0
LESLIE ALLEN Director 2.00
Director
$0 $0 $0
STACY FELDMAN Secretary 40.00
Officer
$0 $0 $0
BILL POLLAK Treasurer 2.00
Officer
$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
2025 $518,430 $270,197 $1,095,695 $248,233
2024 No data No data No data No data
2023 $496,701 $190,935 $743,225 $305,766
2022 $397,653 $163,979 $437,459 $233,674
2021 $237,053 $33,268 $203,785 $203,785
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