COMMUNITY NEWS COLLABORATIVE INC

EIN: 934147531 501(c)(3) Education

SARASOTA, FL

Total Revenue
$2,140,319
Total Expenses
$938,660
Total Assets
$2,152,999
Net Assets
$2,152,999
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
FL
Principal Officer
KELLY MCBRIDE
Phone
9417244450
Tax Period
2025-01-01 to 2025-12-31

COMMUNITY NEWS COLLABORATIVE INC, founded in 2023, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2025. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 56% operating margin.

Mission

OUR TEAM OF WATCHDOG AND INVESTIGATIVE JOURNALISTS DELIVER DEPTH NOT BY GENERATING DAILY HEADLINES BUT BY STRATEGICALLY FOCUSING OUR REPORTING POWER WHERE WE CAN GET MAXIMUM IMPACT. WE WILL DO THIS IN SEVERAL WAYS: ORIGINAL JOURNALISM: WE PRODUCE QUICK-TURN ACCOUNTABILITY AND EXPLANATORY STORIES, MID-LEVEL ENTERPRISE PIECES AND IN-DEPTH INVESTIGATIONS USING OUR OWN, IN-HOUSE RESOURCES AND MAKE THEM FREELY AVAILABLE FOR REPUBLICATION BY PRINT, DIGITAL TELEVISION AND RADIO OUTLETS. COLLABORATIVE JOURNALISM: WE PARTNER WITH PRINT, DIGITAL TELEVISION AND RADIO NEWSROOMS TO PRODUCE QUICK-TURN ACCOUNTABILITY AND EXPLANATORY STORIES, MID-LEVEL ENTERPRISE PIECES AND IN-DEPTH INVESTIGATIONS USING SHARED RESOURCES AND CO-PUBLISH THEM. SUPPORTIVE JOURNALISM: WE PROVIDE RESOURCES INCLUDING PUBLIC FOIA ASSISTANCE, DATA WORK, EDITING HELP AND TRAINING SESSIONS TO BOLSTER THE WORK OF LOCAL PRINT, DIGITAL TELEVISION AND RADIO NEWSROOMS, WHICH WILL CREDIT US FOR THAT ASSISTANCE WHEN APPROPRIATE. COMMUN

Program Service Accomplishments

Program 1
Expenses: $845,822

SUNCOAST SEARCHLIGHT IS A 501C3 NONPROFIT NEWS ORGANIZATION WHOSE MISSION IS TO PRODUCE INVESTIGATIVE AND EXPLANATORY JOURNALISM THAT SERVES AND EMPOWERS THE RESIDENTS OF FLORIDAS SUNCOAST REGION...

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SUNCOAST SEARCHLIGHT IS A 501C3 NONPROFIT NEWS ORGANIZATION WHOSE MISSION IS TO PRODUCE INVESTIGATIVE AND EXPLANATORY JOURNALISM THAT SERVES AND EMPOWERS THE RESIDENTS OF FLORIDAS 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $2,123,933
Program Service Revenue $0
Investment Income $16,386
Other Revenue $0
TOTAL REVENUE $2,140,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $778,695
Fundraising Expenses $27,851
Program Expenses $845,822
Other Expenses $159,965
TOTAL EXPENSES $938,660

Year-over-Year Comparison

2025 2024 Change
Revenue $2,140,319 $1,102,472 +0.9%
Expenses $938,660 $151,132 +5.2%
Net Income $1,201,659 $951,340 +0.3%
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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Governance

Voting Members
6
Independent Members
6
Employees
7
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
3
$0
Total Directors
6
$0
Key Employees
1
$221,923
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY LE COZ EXECTIVE DIR 40.00
Key Emp
$221,923 $0 $221,923
CHRIS DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL LOCICERO BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY MCBRIDE SECRETARY 3.00
Officer Director
$0 $0 $0
GREG PARRIS TREASURER 3.00
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
2025 $2,140,319 $938,660 $2,152,999 $1,201,659
2024 $1,102,472 $151,132 $951,340 $951,340
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