Bellingcat US Inc

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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

Evan Guillemin

Phone

2126788583

Tax Period

2024-01-01 to 2024-12-31

Bellingcat US Inc, founded in 2022, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 1373% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 77% operating margin.

Mission

Vision - create and sustain a global community of inventive individuals who use the latest technology to piece together truth in a transparent way Passion - finding facts to discover truth together Responsibility - helping others fight for justice.

Program Service Accomplishments

Program 1

Expenses: $1,194,259

In 2024, Bellingcat published 6 investigations with a focus on the US, provided 14 training workshops in the US for over 350 participants; arranged 7 keynotes, lectures and presentations at...

In 2024, Bellingcat published 6 investigations with a focus on the US, provided 14 training workshops in the US for over 350 participants; arranged 7 keynotes, lectures and presentations at universities with over 210 participants; and continued funding fellowships of Bellingcat staff at Harvard and Stanford Universities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,771,611

Program Service Revenue $0

Investment Income $442

Other Revenue $0

TOTAL REVENUE $6,772,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $545,535

Fundraising Expenses $164,938

Program Expenses $1,194,259

Other Expenses $1,015,093

TOTAL EXPENSES $1,560,628

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,772,053	$459,649	+13.7%
Expenses	$1,560,628	$272,001	+4.7%
Net Income	$5,211,425	$187,648	+26.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ann Poletti	Chairman	5.00	Officer Director	$0	$0	$0
Evan Guillemin	Treasurer	5.00	Officer Director	$0	$0	$0
Pam Maples	Director	2.00	Director	$0	$0	$0
Mark Bergman	Director	2.00	Director	$0	$0	$0
Giancarlo Fiorella	Director	2.00	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	$6,772,053	$1,560,628	$6,301,770	$5,211,425
2023	$459,649	$272,001	$311,699	$187,648