Stet News Inc

EIN: 990718037 501(c)(3) Arts, Culture & Humanities

West Palm Beach, FL

Total Revenue
$272,716
Total Expenses
$136,017
Total Assets
$200,382
Net Assets
$199,829
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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
2024
Legal Domicile
FL
Principal Officer
Joel Engelhardt
Phone
5613469489
Tax Period
2025-01-01 to 2025-12-31

Stet News Inc, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $273K in total revenue in fiscal year 2025. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $137K, a strong 50% operating margin.

Mission

Stet News is a nonprofit, independent news site focused exclusively on Palm Beach County, led by the local journalists who created it and dedicated to the communities it serves. Our mission is to provide accurate, fair and unbiased news and information that helps readers hold public officials accountable, encourages them to engage in civic life and reflects the rich diversity of the communities we serve.

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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 $270,768
Program Service Revenue $0
Investment Income $1,948
Other Revenue $0
TOTAL REVENUE $272,716

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,593
Fundraising Expenses $6,500
Program Expenses $122,715
Other Expenses $74,399
TOTAL EXPENSES $136,017

Year-over-Year Comparison

2025 2024 Change
Revenue $272,716 $116,381 +1.3%
Expenses $136,017 $51,347 +1.6%
Net Income $136,699 $65,034 +1.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
5

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
$14,400
Total Directors
3
$55,593
Key Employees
3
$55,593
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth Capozzi Director 40
Director Key Emp
$41,193 $0 $41,193
Carolyn DiPaolo Seretary 40
Officer Director Key Emp
$14,400 $0 $14,400
Joel Engelhardt President 40
Officer Director Key Emp
$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 $272,716 $136,017 $200,382 $136,699
2024 No data No data No data No data
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