MARBLEHEAD NEWS GROUP INC

EIN: 882367192 501(c)(3) Arts, Culture & Humanities

MARBLEHEAD, MA

Total Revenue
$386,543
Total Expenses
$398,126
Total Assets
$56,061
Net Assets
$21,667
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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
2022
Legal Domicile
MA
Principal Officer
RICK WEED
Tax Period
2024-01-01 to 2024-12-31

MARBLEHEAD NEWS GROUP INC, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $387K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

TO OPERATE A COMMUNITY BASED NEWSPAPER.

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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 $381,707
Program Service Revenue $4,835
Investment Income $1
Other Revenue $0
TOTAL REVENUE $386,543

Expense Breakdown

Grants Paid $0
Salaries & Benefits $159,211
Fundraising Expenses $13,868
Program Expenses $322,302
Other Expenses $238,915
TOTAL EXPENSES $398,126

Year-over-Year Comparison

2024 2023 Change
Revenue $386,543 $485,091 -0.2%
Expenses $398,126 $376,605 +0.1%
Net Income $-11,583 $108,486 -1.1%
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
7
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GENE ARNOULD Director 0.00
Director
$0 $0 $0
ROBERT PECK President 0.00
Director
$0 $0 $0
BRIAN BIRKE Secretary 0.00
Director
$0 $0 $0
RICK WEED Treasurer 0.00
Director
$0 $0 $0
CHERYL BYRNE Director 0.00
Director
$0 $0 $0
DONNA RICE Director 0.00
Director
$0 $0 $0
DAVID VIGNERON Director 0.00
Director
$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
2024 $386,543 $398,126 $56,061 $-11,583
2023 No data No data No data No data
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