LAKE CITY, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
LOCAL MEDIA ASSOCIATION IS INTENSELY FOCUSED ON HELPING MEDIA COMPANIES DISCOVER NEW AND SUSTAINABLE BUSINESS MODELS. THE FUTURE OF LOCAL JOURNALISM DEPENDS ON THIS.
THE FAMILY AND INDEPENDENT MEDIA SUSTAINABILITY (FIMS) LAB IS AIMED AT FINDING PATHS TO SUSTAINABILITY FOR FAMILY-OWNED AND INDEPENDENT LOCAL MEDIA ORGANIZATIONS THROUGH FUNDING FROM GOOGLE NEWS...
THE FAMILY AND INDEPENDENT MEDIA SUSTAINABILITY (FIMS) LAB IS AIMED AT FINDING PATHS TO SUSTAINABILITY FOR FAMILY-OWNED AND INDEPENDENT LOCAL MEDIA ORGANIZATIONS THROUGH FUNDING FROM GOOGLE NEWS INITIATIVE. DIRECTORS OF LMA WORK WITH KEY LEADERS OF 12 FAMILY-OWNED AND INDEPENDENT LOCAL MEDIA COMPANIES, IMMERSING IN STRATEGIC BUSINESS TRANSFORMATION WORK INTENDED TO ADVANCE THEM TOWARDS LONG-RUN SUSTAINABILITY AND FINANCIAL INDEPENDENCE.
WORD IN BLACK - WORD IN BLACK IS A COLLABORATION WITH TEN OF THE NATION'S LEADING BLACK PUBLISHERS. THIS IS PART OF LMA'S CORE PILLAR FOCUSED ON INDUSTRY COLLABORATION, PROVING OUT BUSINESS MODELS...
WORD IN BLACK - WORD IN BLACK IS A COLLABORATION WITH TEN OF THE NATION'S LEADING BLACK PUBLISHERS. THIS IS PART OF LMA'S CORE PILLAR FOCUSED ON INDUSTRY COLLABORATION, PROVING OUT BUSINESS MODELS THAT WORK WHEN LOCAL MEDIA COMPANIES COME TOGETHER AND SHARE SERVICES, NETWORK, AND LEARN FROM EACH OTHER.
THE BRANDED CONTENT PROJECT, A PARTNERSHIP BETWEEN LOCAL MEDIA ASSOCIATION AND THE LOCAL MEDIA CONSORTIUM WAS FUNDED BY MULTIPLE INVESTMENTS FROM THE META JOURNALISM PROJECT AND COMMENCED IN MARCH...
THE BRANDED CONTENT PROJECT, A PARTNERSHIP BETWEEN LOCAL MEDIA ASSOCIATION AND THE LOCAL MEDIA CONSORTIUM WAS FUNDED BY MULTIPLE INVESTMENTS FROM THE META JOURNALISM PROJECT AND COMMENCED IN MARCH 2019. IT HAS SINCE LED MULTIPLE COHORTS OF ADVERTISING LEADERS FROM LARGE AND SMALL LOCAL MEDIA OUTLETS TO LEARN TOOLS AND METHODS FOR BRANDED/SPONSORED CONTENT DEVELOPMENT AND REVENUE SUCCESS. THE PROJECT NOW OFFERS PRE-BUILT, TOPIC-BASED BRANDED CONTENT MODULES THAT MEDIA OUTLETS CAN USE AS STARTER KITS FOR LOCAL CLIENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare LOCAL MEDIA ASSOCIATION with other nonprofits in Michigan and across the country.