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Filing year 2024

LOCAL MEDIA ASSOCIATION

Lake City, Michigan·EIN 52-0914204·6
Total revenue
$1.3M
Total assets
$2.1M
Total expenses
$1.6M
Reported officers
30
Mission

LOCAL MEDIA ASSOCIATION IS INTENSELY FOCUSED ON HELPING MEDIA COMPANIES DISCOVER NEW AND SUSTAINABLE BUSINESS MODELS. THE FUTURE OF LOCAL JOURNALISM DEPENDS ON THIS.

Executive compensation, broken down

Form 990 · Schedule J · 9 reported individuals · Filing year 2024

Co-ceo
officer (unspecified)
$292k
$314k
Base
$281k
Bonus
Other
Benefits
$11k
Co-ceo
key employee
$252k
$272k
Base
$224k
Bonus
Other
Benefits
$28k
Chief Innovation Officer
highest compensated employee
$216k
$233k
Base
$196k
Bonus
Other
Benefits
$20k
Employee
highest compensated employee
$188k
$202k
Base
$165k
Bonus
Other
Benefits
$23k
Employee
highest compensated employee
$164k
$176k
Base
$157k
Bonus
Other
Benefits
$6k
Employee
highest compensated employee
$150k
$161k
Employee
highest compensated employee
$143k
$154k
Employee
highest compensated employee
$115k
$124k
Director of Accounting and
director (operational)
$113k
$122k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 21 unpaid individuals.

Down 23%
from 2023

From $381k in 2023 to $292k in 2024.

$381k
2023
$292k
2024
In today's dollarsEst.
Down 25% in real terms$421k to $314k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

LOCAL MEDIA ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.8M
$2.6M
2023
$1.3M
$1.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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