REBUILD LOCAL NEWS

EIN: 920480649 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$2,005,348
Total Expenses
$1,383,081
Total Assets
$2,634,680
Net Assets
$2,594,617
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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
DE
Principal Officer
STEVEN WALDMAN
Phone
2027700336
Tax Period
2024-01-01 to 2024-12-31

REBUILD LOCAL NEWS, founded in 2022, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $622K, a strong 31% operating margin.

Mission

TO ADVANCE PUBLIC POLICIES TO COUNTER THE COLLAPSE OF LOCAL NEWS, REVITALIZE COMMUNITY JOURNALISM, AND STRENGTHEN DEMOCRACY.

Program Service Accomplishments

Program 1
Expenses: $895,464 Revenue: $2,005,348

TO ADVANCE PUBLIC POLICIES TO COUNTER THE COLLAPSE OF LOCAL NEWS, REVITALIZE COMMUNITY JOURNALISM, AND STRENGTHEN DEMOCRACY.

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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 $1,963,093
Program Service Revenue $0
Investment Income $42,255
Other Revenue $0
TOTAL REVENUE $2,005,348

Expense Breakdown

Grants Paid $0
Salaries & Benefits $693,173
Fundraising Expenses $76,937
Program Expenses $895,464
Other Expenses $689,908
TOTAL EXPENSES $1,383,081

Year-over-Year Comparison

2024 2023 Change
Revenue $2,005,348 $2,577,495 -0.2%
Expenses $1,383,081 $755,130 +0.8%
Net Income $622,267 $1,822,365 -0.7%
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
7
Employees
6
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
2
$92,917
Total Directors
7
$92,917
Key Employees
1
$260,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULETTE BROWN-HINDS CHAIR 2.00
Officer Director
$0 $0 $0
LENNY MENDONCA BOARD MEMBER 1.00
Director
$0 $0 $0
JIM FREIDLICH BOARD MEMBER 1.00
Director
$0 $0 $0
GRACIELA MOCHKOFSKY BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE SANDORF BOARD MEMBER 1.00
Director
$0 $0 $0
KANG-XING JIN BOARD MEMBER 1.00
Director
$0 $0 $0
ANNA BRUGMANN SECRETARY 2.00
Officer Director
$92,917 $0 $92,917
STEVEN WALDMAN PRESIDENT 40.00
Key Emp
$260,000 $0 $260,000
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
2025 No data No data No data No data
2024 $2,005,348 $1,383,081 $2,634,680 $622,267
2023 $2,577,495 $755,130 $2,031,980 $1,822,365
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