MASSACHUSETTS MEDIA FUND INC

EIN: 834616910 501(c)(3) Arts, Culture & Humanities

SOMERVILLE, MA

Total Revenue
$306,429
Total Expenses
$180,777
Total Assets
$147,854
Net Assets
$147,854
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MA
Principal Officer
JASON PRAMAS
Phone
6172099511
Tax Period
2024-01-01 to 2024-12-31

MASSACHUSETTS MEDIA FUND INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $306K in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 41% operating margin.

Mission

SUPPORTS THE DEVELOPMENT AND PRODUCTION OF INDEPENDENT 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $306,429
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $306,429

Expense Breakdown

Grants Paid $0
Salaries & Benefits $126,000
Fundraising Expenses $0
Program Expenses $132,499
Other Expenses $54,777
TOTAL EXPENSES $180,777

Year-over-Year Comparison

2024 2023 Change
Revenue $306,429 $133,669 +1.3%
Expenses $180,777 $190,019 0.0%
Net Income $125,652 $-56,350 -3.2%
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
9
Independent Members
6
Employees
N/A
Volunteers
2

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
3
$41,600
Total Directors
9
$126,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FELICIA SULLIVAN PRESIDENT 1.00
Officer Director
$0 $0 $0
JASON PRAMAS TREASURER 1.00
Officer Director
$41,600 $0 $41,600
ZAKIYA ALAKE CLERK 1.00
Officer Director
$0 $0 $0
CHRISTOPHER FARAONE DIRECTOR 1.00
Director
$41,600 $0 $41,600
G VALENTINO BALL DIRECTOR 1.00
Director
$0 $0 $0
JOHN LOFTUS DIRECTOR 1.00
Director
$42,800 $0 $42,800
SAUL TANNENBAUM DIRECTOR 1.00
Director
$0 $0 $0
KRISTINE PALMERO DIRECTOR 1.00
Director
$0 $0 $0
GARRETT QUINN DIRECTOR 1.00
Director
$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
2024 $306,429 $180,777 $147,854 $125,652
2023 $133,669 $190,019 $22,202 $-56,350
2022 $148,290 $94,742 $78,672 $53,548
2021 $150,576 $226,825 $25,004 $-76,249
2020 $291,507 $200,859 $99,172 $90,648
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