LITERACY ASSISTANCE CENTER INC (EIN 133179618) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

IRA YANKWITT

Phone

2128033302

Tax Period

2024-07-01 to 2025-06-30

LITERACY ASSISTANCE CENTER INC, founded in 1983, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.5M left a modest 4% surplus.

Mission

THE MISSION OF THE LITERACY ASSISTANCE CENTER (LAC) IS TO STRENGTHEN AND EXPAND THE ADULT EDUCATION SYSTEM, AND TO ADVANCE ADULT LITERACY AS A CORE VALUE IN OUR SOCIETY AND A FOUNDATION FOR EQUAL OPPORTUNITY AND SOCIAL JUSTICE.

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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 $2,548,614

Program Service Revenue $91,618

Investment Income $403

Other Revenue $1,080

TOTAL REVENUE $2,641,715

Expense Breakdown

Grants Paid $13,817

Salaries & Benefits $1,661,005

Fundraising Expenses $9,594

Program Expenses $2,104,402

Other Expenses $857,816

TOTAL EXPENSES $2,532,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,641,715	$2,358,479	+0.1%
Expenses	$2,532,638	$2,625,229	0.0%
Net Income	$109,077	$-266,750	-1.4%

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

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

$155,114

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRA YANKWITT	EXECUTIVE DI	35.00	Officer	$144,040	$11,074	$155,114
VENUGOPAL THELAKKAT	DIRECTOR OF	35.00	Highest	$129,703	$24,322	$154,025
LIZELENA IGLESIAS	DIR. OF ADUL	35.00	Highest	$104,478	$16,726	$121,204
GREGORY JACQUES	SENIOR DEVEL	35.00	Highest	$114,706	$4,607	$119,313
SIERRA STONEMAN-BELL	DIR. OF STRA	35.00	Highest	$101,983	$14,790	$116,773
CYNTHIA BELL	DIR. OF WORK	35.00	Highest	$107,365	$3,910	$111,275
ELIZABETH HORTON	CHAIR OF AUD	1.00	Officer Director	$0	$0	$0
J DAVID NELSON	CHAIR OF FIN	1.00	Officer Director	$0	$0	$0
JOHN GORDON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
JAYE JONES	CO-CHAIR	1.00	Officer Director	$0	$0	$0
BERTA COLON	MEMBER	1.00	Director	$0	$0	$0
MARIAN LAPSLEY CROSS	MEMBER	1.00	Director	$0	$0	$0
MICHAEL HIRSCHHORN	MEMBER	1.00	Director	$0	$0	$0
IRWIN KIRSCH	MEMBER	1.00	Director	$0	$0	$0
MICHAEL RIVADENEYRA	MEMBER	1.00	Director	$0	$0	$0
PARVONEH SHIRGIR	MEMBER	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
2025	$2,641,715	$2,532,638	$1,800,136	$109,077
2024	$2,358,479	$2,625,229	$1,618,082	$-266,750
2024	$2,358,479	$2,625,229	$1,618,082	$-266,750
2023	$2,612,800	$2,561,196	$1,893,165	$51,604
2022	$2,348,883	$2,291,065	$1,805,179	$57,818
2021	$2,446,043	$2,161,757	$1,628,526	$284,286
2020	$2,118,879	$2,126,770	$1,584,186	$-7,891
2019	$2,115,549	$2,129,442	$1,366,492	$-13,893
2018	$2,000,375	$1,961,627	$1,394,691	$38,748

LITERACY ASSISTANCE CENTER INC