LOCAL MEDIA FOUNDATION (EIN 364427750) - 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

2001

Legal Domicile

Principal Officer

MS NANCY CAWLEY LANE

Phone

2318398651

Tax Period

2023-01-01 to 2023-12-31

LOCAL MEDIA FOUNDATION, founded in 2001, is a community nonprofit in the Human Services sector that reported $6.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $6.0M left a modest 9% surplus.

Mission

THE PURPOSE OF THE FOUNDATION IS TO ENSURE A HEALTHY FUTURE FOR LOCAL JOURNALISM, WHICH IS ESSENTIAL TO A STRONG DEMOCRACY, BY REINVENTING BUSINESS MODELS FOR NEWS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,103,584

Program Service Revenue $3,417,786

Investment Income $67,553

Other Revenue $0

TOTAL REVENUE $6,588,923

Expense Breakdown

Grants Paid $2,598,306

Salaries & Benefits $2,303,683

Fundraising Expenses $0

Program Expenses $4,898,889

Other Expenses $1,089,766

TOTAL EXPENSES $5,991,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,588,923	$5,768,285	+0.1%
Expenses	$5,991,755	$4,554,696	+0.3%
Net Income	$597,168	$1,213,589	-0.5%

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

N/A

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

$502,746

Total Directors

Key Employees

$242,354

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANISHA LEONARD	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHANIE SLAGLE	DIRECTOR	1.00	Director	$0	$0	$0
SHANA BLACK	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
LARRY LEE	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
JANE WOOLDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
J TOM SHAW	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
ERICA SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE BADALAMENTE	TREASURER	1.00	Officer Director	$0	$0	$0
BROCK BERRY	DIRECTOR	1.00	Director	$0	$0	$0
NANCY CAWLEY LANE	CEO	28.00	Officer	$0	$30,377	$380,902
JANICE NORMAN	DIRECTOR OF ACCOUNTING AND	22.00	Officer	$0	$22,633	$121,844
JOHN SMALL	CHIEF OPERATING OFFICER	22.00	Key Emp	$0	$27,677	$242,354
ANDREW RAMSAMMY	EMPLOYEE	38.00	Highest	$0	$5,567	$146,194
PENNY RIORDAN	EMPLOYEE	22.00	Highest	$0	$5,931	$153,580
JULIA CAMPBELL	EMPLOYEE	22.00	Highest	$0	$20,471	$188,543
FRANK MUNGEAM	CHIEF INNOVATION OFFICER	28.00	Highest	$0	$20,717	$223,522
JOHN CELESTAND	EMPLOYEE	40.00	Highest	$0	$5,487	$142,064

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	No data	No data	No data	No data
2023	$6,588,923	$5,991,755	$4,341,510	$597,168
2022	$5,768,285	$4,554,696	$4,498,915	$1,213,589
2021	$2,006,681	$2,375,692	$3,508,085	$-369,011
2020	$5,522,543	$4,944,037	$2,151,695	$578,506
2019	$1,593,866	$1,398,408	$917,173	$195,458
2018	$469,833	$460,871	$1,081,567	$8,962

LOCAL MEDIA FOUNDATION