CHICAGO SUN-TIMES MEDIA INC

EIN: 874304197 501(c)(3)

CHICAGO, IL

Total Revenue
$31,360,570
Total Expenses
$38,097,953
Total Assets
$24,350,233
Net Assets
$18,900,407
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Phone
3123213000
Tax Period
2024-07-01 to 2025-06-30

CHICAGO SUN-TIMES MEDIA INC, founded in 2022, is a mid-sized nonprofit that reported $31.4M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $38.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

CHICAGO SUN-TIMES SERVES THE PUBLIC INTEREST BY PROVIDING NEWS AND INFORMATION THROUGH LOCAL AND INDEPENDENT JOURNALISM.

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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 $5,060,397
Program Service Revenue $25,988,184
Investment Income $50,711
Other Revenue $261,278
TOTAL REVENUE $31,360,570

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,605,620
Fundraising Expenses $3,535,868
Program Expenses $30,655,590
Other Expenses $18,492,333
TOTAL EXPENSES $38,097,953

Year-over-Year Comparison

2024 2023 Change
Revenue $31,360,570 $39,459,588 -0.2%
Expenses $38,097,953 $40,587,320 -0.1%
Net Income $-6,737,383 $-1,127,732 +5.0%
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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Governance

Voting Members
5
Independent Members
4
Employees
178
Volunteers
4

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
5
$2,205,250
Total Directors
8
$1,134,262
Key Employees
2
$591,883
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW MOOG PRESIDENT - THRU 09/2024 20.0
Officer Director
$0 $38,565 $943,475
MELISSA BELL PRESIDENT - BEG. 09/2024 20.0
Officer Director
$0 $5,865 $190,787
ADRIENNE KING BOARD CHAIR (THRU 9/24) 1.3
Director
$0 $0 $0
ARETAE ORTIZ WYLER DIRECTOR 1.3
Director
$0 $0 $0
KRISTEN MACK DIRECTOR 1.3
Director
$0 $0 $0
LAURA VAN PEENAN DIRECTOR (BEG 9/24) 1.3
Director
$0 $0 $0
LERRY J KNOX JR DIRECTOR (THRU 9/24) 1.3
Director
$0 $0 $0
NIVINE MEGAHED PHD BOARD CHAIR (BEG 9/24) 1.3
Director
$0 $0 $0
CYNTHIA PHOTOS ABBOTT SECRETARY 16.0
Officer
$0 $29,814 $379,789
DEBRA CHAMRA TREASURER - BEG. 03/2025 8.0
Officer
$0 $25,169 $250,465
RINA DEDHIA TREASURER - THRU 02/2025 20.0
Officer
$0 $37,857 $440,734
BRIAN M WATSON CHIEF DIGITAL OFFICER 40.0
Key Emp
$274,510 $7,104 $281,614
JENNIFER J KHO KRUPNICK EXECUTIVE EDITOR 40.0
Key Emp
$288,601 $21,668 $310,269
CRISTINA ESCOBEDO CONTROLLER 40.0
Highest
$181,101 $11,200 $192,301
DAVID L NEWBART MANAGING EDITOR 40.0
Highest
$163,165 $11,861 $175,026
FRAN STONE CITY HALL REPORTER 40.0
Highest
$155,009 $1,248 $156,257
KAITLYN JAKOLA EDITORIAL DIRECTOR 40.0
Highest
$168,538 $3,423 $171,961
LYNN D SWEET WASHINGTON BUREAU CHIEF 40.0
Highest
$179,742 $10,640 $190,382
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 $31,360,570 $38,097,953 $24,350,233 $-6,737,383
2025 No data No data No data No data
2024 $39,459,588 $40,587,320 $32,090,972 $-1,127,732
2023 $40,381,982 $38,665,217 $32,946,942 $1,716,765
2022 $45,298,251 $15,535,113 $31,334,481 $29,763,138
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