OHIO LOCAL NEWS INITIATIVE INC (EIN 873337208) - 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

2021

Legal Domicile

Principal Officer

JULIA MCNEIL DANISH

Phone

6146217783

Tax Period

2023-01-01 to 2023-12-31

OHIO LOCAL NEWS INITIATIVE INC, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.9M in total revenue in fiscal year 2023. The organization ran a surplus of $2.2M, a strong 37% operating margin.

Mission

TO PROVIDE PUBLIC SERVICE JOURNALISM TO PEOPLE IN OHIO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,887,179

Program Service Revenue $0

Investment Income $11,369

Other Revenue $583

TOTAL REVENUE $5,899,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,241,270

Fundraising Expenses $210,009

Program Expenses $2,544,165

Other Expenses $1,489,589

TOTAL EXPENSES $3,730,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,899,131	N/A	N/A
Expenses	$3,730,859	N/A	N/A
Net Income	$2,168,272	$0	N/A

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

$217,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM KATENMEYER	CHAIR	1.00	Officer Director	$0	$0	$0
HENRY J GOMEZ	VICE CHAIR	1.00	Director	$0	$0	$0
DEBRA ADAMS	GOVERNANCE CHAIR	1.00	Director	$0	$0	$0
MICHAEL OUIMETTE	FINANCE CHAIR	1.00	Director	$0	$0	$0
DOUG ULMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DALE ANGLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY L TRAMBLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIA MCNEIL DANISH	CEO	40.00	Officer	$210,433	$6,933	$217,366
LILA MILLS	EDITOR IN CHIEF	40.00	Highest	$150,090	$5,863	$155,953
MARK NAYMIK	MANAGING EDITOR, NEWSROOM	40.00	Highest	$122,758	$4,856	$127,614
LAWRENCE CASWELL	MANAGING EDITOR, DOCUMENTERS	40.00	Highest	$122,590	$3,732	$126,322

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	No data	No data	No data	No data
2023	$5,899,131	$3,730,859	$3,899,916	$2,168,272

OHIO LOCAL NEWS INITIATIVE INC