BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FIRST LITERACY INC, founded in 1988, is a small nonprofit in the Education sector that reported $797K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $701K left a modest 12% surplus.
FUNDING INNOVATION IN ADULT LITERACY TO CHANGE LIVES. WE DO THIS BY: OFFERING FREE BEST PRACTICE WORKSHOPS FOR TEACHERS AND OTHER ADULT EDUCATION PROFESSIONALS; ENCOURAGING, SUPPORTING, AND SHARING INNOVATIVE PRACTICES, CURRICULUM AND RESOURCES THROUGH OUR FIRST LITERACY LAB PROGRAM GRANT INITIATIVE; AND AWARDING SCHOLARSHIPS AND PROVIDING SUPPORT FOR ADULT LEARNERS WHO ARE STARTING COLLEGE.
PROFESSIONAL DEVELOPMENT WORKSHOPS PROVIDE ADULT EDUCATORS WITH INFORMATION AND RESOURCES ON EVIDENCE-BASED TEACHING METHODOLOGY AND CURRICULUM DESIGN, CROSS-CULTURAL ISSUES, AND STUDENT ASSESSMENT...
PROFESSIONAL DEVELOPMENT WORKSHOPS PROVIDE ADULT EDUCATORS WITH INFORMATION AND RESOURCES ON EVIDENCE-BASED TEACHING METHODOLOGY AND CURRICULUM DESIGN, CROSS-CULTURAL ISSUES, AND STUDENT ASSESSMENT APPROACHES RELEVANT TO THE ADULT EDUCATION CLASSROOM. TEACHERS WHO PARTICIPATE IN WORKSHOPS, FACILITATED BY KNOWLEDGEABLE PEERS OR EXPERT CONSULTANTS, ARE SUPPORTED IN TRYING OUT NEW IDEAS IN THEIR CLASSROOM AND SHARING THEIR EXPERIENCES WITH PEERS ON SITE AND AT FOLLOW-UP WORKSHOPS.
SCHOLARSHIPS AND SUPPORT FOR ADULT LEARNERS WHO HAVE SUCCESSFULLY COMPLETED BASIC STUDIES IN AN ABE PROGRAM AND ARE PURSUING COLLEGE OR TECHNICAL EDUCATION ARE ELIGIBLE FOR A FIRST LITERACY...
SCHOLARSHIPS AND SUPPORT FOR ADULT LEARNERS WHO HAVE SUCCESSFULLY COMPLETED BASIC STUDIES IN AN ABE PROGRAM AND ARE PURSUING COLLEGE OR TECHNICAL EDUCATION ARE ELIGIBLE FOR A FIRST LITERACY SCHOLARSHIP. RECIPIENTS ARE AWARDED SCHOLARSHIPS IN RECOGNITION OF THEIR EDUCATIONAL ACHIEVEMENTS AND POTENTIAL, THEIR COMMITMENT TO COMMUNITY SERVICE, AND THEIR RESILIENCY AND PERSEVERANCE IN THE FACE OF HARDSHIP. TO SUSTAIN THIS ONGOING LEARNING COMMUNITY, WE HOST SCHOLAR NETWORKING EVENINGS, INVITE SCHOLARS TO ALL FIRST LITERACY EVENTS, ASK INTERESTED SCHOLARS TO SPEAK AT EVENTS, AND FIRST LITERACY REPRESENTATIVES ATTEND ALL COMMUNITY AND EDUCATIONAL EVENTS WHERE OUR SCHOLARS ARE HONORED. WE ALSO LOOK FOR WAYS IN WHICH WE CAN MORE DEEPLY INVOLVE THE SCHOLARS WITH THE BROADER COMMUNITY AND CULTURAL LIFE OF OUR CITY.
FIRST LITERACY OFFERS SMALL GRANTS TO ADULT BASIC EDUCATION PROGRAMS TO IMPROVE PRACTICE AND TO STRENGTHEN PROGRAMS. THE FLEXIBILITY OF THESE GRANTS ALLOWS PROGRAMS TO MEET EMERGING STUDENT NEEDS IN...
FIRST LITERACY OFFERS SMALL GRANTS TO ADULT BASIC EDUCATION PROGRAMS TO IMPROVE PRACTICE AND TO STRENGTHEN PROGRAMS. THE FLEXIBILITY OF THESE GRANTS ALLOWS PROGRAMS TO MEET EMERGING STUDENT NEEDS IN A TIMELY FASHION. THE GRANTS ALSO ALLOW VENUES SUCH ASLIBRARIES AND VOLUNTEER ORGANIZATIONS TO INTRODUCE OR EXPAND THEIR SERVICES TO IMMIGRANTS. RECIPIENTS OF FIRST LITERACY GRANTS SHARE THE RESULTS OF THEIR WORK WITH THE GREATER ABE COMMUNITY AT AN ANNUAL EVENT AND ARE SUPPORTED AND MENTORED TO BECOME FACILITATORS OFWORKSHOPS FOR ABE TEACHERS.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $796,853 | $490,804 | +0.6% |
| Expenses | $700,620 | $752,639 | -0.1% |
| Net Income | $96,233 | $-261,835 | -1.4% |
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 |
|---|---|---|---|---|---|---|
| JAMES NOLAN | CHAIRMAN | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| HOLLY REEVES | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KARIME ADBEL-HAY | BOARD MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| JEFFREY P BEALE | VICE PRESIDENT | 1.50 |
Director
|
$0 | $0 | $0 |
| RUDY BOZAS | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| LAWRENCE FAHEY | VICE PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| COREY GROVES | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| NILAN JAYASINGHE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| OLGA KASPAROVA | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| TONY DAY SILVA | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| BARBARA GARNER | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| LEE KENYON | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| THERESA B WITHERELL | EXECUTIVE DIRECTOR | 50.00 |
Officer
Director
|
$152,749 | $0 | $152,749 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $796,853 | $700,620 | $1,401,927 | $96,233 |
| 2023 | $490,804 | $752,639 | $1,129,162 | $-261,835 |
| 2022 | $615,900 | $729,964 | $1,268,482 | $-114,064 |
| 2021 | $653,913 | $645,880 | $1,650,211 | $8,033 |
| 2020 | $458,574 | $540,497 | $1,342,823 | $-81,923 |
| 2019 | $655,242 | $565,559 | $1,345,307 | $89,683 |
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