CHICAGO SUN-TIMES MEDIA INC

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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

2022

Legal Domicile

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 STRENGTHENING THE WELL-BEING OF OUR LOCAL COMMUNITIES AND OUR DEMOCRACY THROUGH INDEPENDENT LOCAL JOURNALISM.

Program Service Accomplishments

Program 1

Expenses: $30,655,590 Revenue: $19,324,139

CHICAGO SUN-TIMES MEDIA, INC IS A 501(C)(3) CHARITABLE ORGANIZATION THAT SERVES THE PUBLIC INTEREST BY STRENGTHENING THE WELL-BEING OF OUR LOCAL COMMUNITIES AND OUR DEMOCRACY THROUGH INDEPENDENT...

CHICAGO SUN-TIMES MEDIA, INC IS A 501(C)(3) CHARITABLE ORGANIZATION THAT SERVES THE PUBLIC INTEREST BY STRENGTHENING THE WELL-BEING OF OUR LOCAL COMMUNITIES AND OUR DEMOCRACY THROUGH INDEPENDENT LOCAL JOURNALISM. CHICAGO SUN-TIMES MEDIA PRODUCES ACCESSIBLE, TRUSTED NEWS, INFORMATION AND PROGRAMMING THAT HELPS ALL CHICAGO AREA RESIDENTS MAKE INFORMED DECISIONS EVERY DAY, PARTICIPATE IN OUR DIVERSE COMMUNITIES AND MAKE THE MOST OF OUR REGION.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

178

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

$2,205,250

Total Directors

$1,134,262

Key Employees

$591,883

Highest Compensated

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