COMMUNITY NEWS COLLABORATIVE INC (EIN 934147531) - 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

2023

Legal Domicile

Principal Officer

KELLY MCBRIDE

Phone

9417244450

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY NEWS COLLABORATIVE INC, founded in 2023, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $951K, a strong 86% operating margin.

Mission

SUNCOAST SEARCHLIGHT IS A 501C3 NONPROFIT NEWS ORGANIZATION WHOSE MISSION IS TO PRODUCE INVESTIGATIVE AND EXPLANATORY JOURNALISM THAT SERVES AND EMPOWERS THE RESIDENTS OF FLORIDA'S SUNCOAST REGION (SARASOTA, MANATEE, AND DESOTO COUNTIES). WE SHINE A LIGHT ON CRITICAL ISSUES AFFECTING OUR COMMUNITY. THROUGH INDEPENDENT REPORTING AND COLLABORATION WITH DIVERSE MEDIA PARTNERS, WE FOSTER TRANSPARENCY, ACCOUNTABILITY AND AN INFORMED CITIZENRY, ENSURING THAT ALL VOICES ARE HEARD AND THAT THE PUBLIC HAS ACCESS TO THE INFORMATION THEY NEED TO DRIVE MEANINGFUL CHANGE.

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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 $1,100,000

Program Service Revenue $0

Investment Income $2,472

Other Revenue $0

TOTAL REVENUE $1,102,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,159

Fundraising Expenses $4,534

Program Expenses $136,017

Other Expenses $72,973

TOTAL EXPENSES $151,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,102,472	N/A	N/A
Expenses	$151,132	N/A	N/A
Net Income	$951,340	N/A	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL LOCICERO	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY MCBRIDE	SECRETARY	1.00	Officer Director	$0	$0	$0
SAM SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH WOODS	PRESIDENT	5.00	Officer 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	$1,102,472	$151,132	$951,340	$951,340

COMMUNITY NEWS COLLABORATIVE INC