SOUTH SIDE WEEKLY NFP

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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

2014

Legal Domicile

Principal Officer

MALIK JACKSON

Phone

7733583129

Tax Period

2023-07-01 to 2024-06-30

SOUTH SIDE WEEKLY NFP, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $1.1M left a modest 4% surplus.

Mission

MEDIA EDUCATION ORGANIZATION THAT PROVIDES A QUALITY PLATFORM FOR JOURNALISM ABOUT THE ARTS AND ISSUES OF PUBLIC INTEREST IN NEIGHBORHOODS ON THE SOUTH SIDE OF CHICAGO, ILLINOIS AND PROVIDES TRAINING TO ASPIRING JOURNALISTS.

Program Service Accomplishments

Program 1

Expenses: $725,181 Revenue: $61,582

PROVIDED QUALITY CIVIC AND ARTS COVERAGE OF THE SOUTH SIDE OF CHICAGO BY PRODUCING AND DISTRIBUTING (THROUGH BOTH PRINT AND DIGITAL MEDIUMS) THE SOUTH SIDE WEEKLY, A BI-WEEKLY NEWSPAPER, FREE OF...

PROVIDED QUALITY CIVIC AND ARTS COVERAGE OF THE SOUTH SIDE OF CHICAGO BY PRODUCING AND DISTRIBUTING (THROUGH BOTH PRINT AND DIGITAL MEDIUMS) THE SOUTH SIDE WEEKLY, A BI-WEEKLY NEWSPAPER, FREE OF CHARGE AND THE HYDE PARK HERALD, A WEEKLY NEWSPAPER.EDUCATED AND DEVELOPED JOURNALISTS, PHOTOGRAPHERS, ARTISTS, AND OTHER MEDIA MAKERS OF DIVERSE BACKGROUNDS THROUGH PUBLIC WORKSHOPS AND TRAINING PROGRAMS, ALL FREE OF CHARGE.

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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 $699,934

Program Service Revenue $61,582

Investment Income $0

Other Revenue $357,158

TOTAL REVENUE $1,118,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $590,672

Fundraising Expenses $53,652

Program Expenses $725,181

Other Expenses $485,815

TOTAL EXPENSES $1,076,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,118,674	$1,317,322	-0.2%
Expenses	$1,076,487	$892,209	+0.2%
Net Income	$42,187	$425,113	-0.9%

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

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

$238,235

Total Directors

$48,146

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL PETTY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
HARRY BACKLUND	SECRETARY	1.00	Officer Director	$0	$0	$0
BEN AUSTEN	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM PRZYBYL	EDITORIAL REP/MANAGING DIR	40.00	Officer Director	$48,146	$0	$48,146
RAHSAAN SALES	DIRECTOR	1.00	Officer Director	$0	$0	$0
JASON SCHUMER	MANAGING DIRECTOR (THRU JULY)	40.00	Officer	$33,731	$0	$33,731
DAMANI BOLDEN	MANAGING DIRECTOR (THRU JAN)	40.00	Officer	$34,865	$0	$34,865
MALIK JACKSON	INTERIM MANAGING DIR (SINCE JAN)	40.00	Officer	$20,608	$0	$20,608
HANNAH FARIS	EDITOR-IN-CHIEF	40.00	Officer	$51,308	$0	$51,308
JACKIE SERRATO	EDITORIAL REP/MANAGING DIR	40.00	Officer	$49,577	$0	$49,577

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	$1,118,674	$1,076,487	$576,428	$42,187
2023	$1,317,322	$892,209	$502,043	$425,113