LOCAL MEDIA ASSOCIATION (EIN 520914204) - 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

1971

Legal Domicile

Principal Officer

JOHN SMALL

Phone

2318398651

Tax Period

2024-01-01 to 2024-12-31

LOCAL MEDIA ASSOCIATION, founded in 1971, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 24% operating deficit.

Mission

HELPING LOCAL MEDIA COMPANIES DISCOVER NEW AND SUSTAINABLE BUSINESS MODELS.

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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 $158,305

Program Service Revenue $1,016,341

Investment Income $91,697

Other Revenue $36,500

TOTAL REVENUE $1,302,843

Expense Breakdown

Grants Paid $226,386

Salaries & Benefits $1,075,588

Fundraising Expenses $0

Program Expenses $981,807

Other Expenses $313,624

TOTAL EXPENSES $1,615,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,302,843	$2,767,502	-0.5%
Expenses	$1,615,598	$2,602,626	-0.4%
Net Income	$-312,755	$164,876	-2.9%

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

$405,223

Total Directors

Key Employees

$252,442

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY BROWN	SECRETARY	3.00	Officer Director	$0	$0	$0
STEPHANIE SLAGLE	DIRECTOR	1.00	Director	$0	$0	$0
TODD HANDY	DIRECTOR	1.00	Director	$0	$0	$0
TOBY COLLODORA	DIRECTOR	1.00	Director	$0	$0	$0
SONNY MESSIAH JILES	DIRECTOR	1.00	Director	$0	$0	$0
SONALI VERMA	DIRECTOR	1.00	Director	$0	$0	$0
RICH HOOVER	DIRECTOR	1.00	Director	$0	$0	$0
LIZ WHITE	SECOND VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
JUDI TERZOTIS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LLOYD	DIRECTOR	1.00	Director	$0	$0	$0
AMBER ALDRICH	DIRECTOR	1.00	Director	$0	$0	$0
KEN DOCTOR	DIRECTOR	1.00	Director	$0	$0	$0
JODELLE BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA FOX	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MORIARTY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WEATHERLY	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA DUBOSE	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE BADALAMENTE	IMMEDIATE PAST CHAIRMAN	3.00	Officer Director	$0	$0	$0
ERIC BARNES	TREASURER	3.00	Officer Director	$0	$0	$0
J TOM SHAW	CHAIRMAN	3.00	Officer Director	$0	$0	$0
JANIS WARE	FIRST VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
NANCY CAWLEY LANE	CO-CEO	18.00	Officer	$280,777	$11,247	$292,024
JANICE NORMAN	DIRECTOR OF ACCOUNTING AND	20.00	Officer	$90,708	$22,491	$113,199
JOHN SMALL	CO-CEO	31.00	Key Emp	$224,041	$28,401	$252,442
JULIA CAMPBELL	EMPLOYEE	40.00	Highest	$165,401	$22,592	$187,993
JOHN CELESTAND	EMPLOYEE	0.00	Highest	$137,639	$5,530	$143,169
PENNY RIORDAN	EMPLOYEE	33.00	Highest	$157,325	$6,317	$163,642
FRANK MUNGEAM	CHIEF INNOVATION OFFICER	7.00	Highest	$196,240	$20,199	$216,439
APRYL PILOLLI	EMPLOYEE	17.00	Highest	$132,182	$17,649	$149,831
LINDSEY LEISHER ESTES	EMPLOYEE	25.00	Highest	$110,731	$4,577	$115,308

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	$1,302,843	$1,615,598	$2,096,512	$-312,755
2023	$2,767,502	$2,602,626	$2,667,250	$164,876
2022	$4,247,970	$4,463,902	$3,525,556	$-215,932
2021	$4,206,855	$3,215,414	$6,753,450	$991,441
2020	$12,083,932	$11,875,646	$3,111,253	$208,286
2019	$1,229,493	$1,366,671	$1,596,263	$-137,178
2018	$1,114,428	$999,015	$1,677,495	$115,413

LOCAL MEDIA ASSOCIATION