Independent Media Initiative Inc (EIN 884067747) - 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

2022

Legal Domicile

Principal Officer

Stuart Sevier

Phone

5122701582

Tax Period

2023-01-01 to 2023-12-31

Independent Media Initiative Inc, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 47% operating deficit.

Mission

To support online content creators who share educational content on social media platforms.

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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 $1,307,025

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,307,025

Expense Breakdown

Grants Paid $858,478

Salaries & Benefits $364,459

Fundraising Expenses $52,738

Program Expenses $1,534,436

Other Expenses $697,892

TOTAL EXPENSES $1,920,829

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,307,025	$679,616	+0.9%
Expenses	$1,920,829	$26,934	+70.3%
Net Income	$-613,804	$652,682	-1.9%

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

$130,750

Total Directors

$130,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stuart Sevier	Chair, Executive Director	40.00	Officer Director	$90,750	$0	$90,750
Obinna Osuorji as of 0823	Treasurer, Operations Director	40.00	Officer Director	$40,000	$0	$40,000
Elaine Sevier	Secretary	1.00	Officer Director	$0	$0	$0
Jacob Bartok	Director	1.00	Director	$0	$0	$0
Corey Harris	Director	1.00	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	No data	No data	No data	No data
2023	$1,307,025	$1,920,829	$316,358	$-613,804
2023	$1,307,025	$1,920,829	$316,358	$-613,804
2022	$679,616	$26,934	$652,682	$652,682

Independent Media Initiative Inc