LOCAL JOURNALISM INITIATIVE INC (EIN 872914947) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

ALLISON TAYLOR LEVINE

Phone

3023450589

Tax Period

2024-01-01 to 2024-12-31

LOCAL JOURNALISM INITIATIVE INC, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 226% from the prior year, signaling strong growth momentum. The organization ran a surplus of $385K, a strong 26% operating margin.

Mission

STRENGTHEN LOCAL JOURNALISM IN DELAWARE TO INFORM AND ENGAGE OUR COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,328,733

Program Service Revenue $99,706

Investment Income $53,471

Other Revenue $0

TOTAL REVENUE $1,481,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $753,457

Fundraising Expenses $146,235

Program Expenses $750,565

Other Expenses $343,154

TOTAL EXPENSES $1,096,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,481,910	$454,974	+2.3%
Expenses	$1,096,611	$169,663	+5.5%
Net Income	$385,299	$285,311	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$167,927

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BAXTER	BOARD TREASURER	4.00	Officer Director	$0	$0	$0
PATRICIA RIVERA	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
SCHLONN HAWKINS	BOARD VICE CHAIR	4.00	Officer Director	$0	$0	$0
LAURIE JACOBS STOVALL	BOARD MEMBER	1.00	Director	$0	$0	$0
DARRIN KERR	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK POSNECKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCELLA SABORIO	BOARD MEMBER	1.00	Director	$0	$0	$0
JAIMIE WATTS	BOARD MEMBER	1.00	Director	$0	$0	$0
VIKRAM BHAGAT	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON TAYLOR LEVINE	CEO	40.00	Officer	$150,000	$17,927	$167,927
JACOB OWENS	EDITOR IN CHIEF	40.00	Highest	$101,773	$5,347	$107,120

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	$1,481,910	$1,096,611	$1,291,058	$385,299
2023	$454,974	$169,663	$1,376,001	$285,311

LOCAL JOURNALISM INITIATIVE INC