NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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. SINCE 1983, THE LAC HAS BEEN WORKING TO BUILD THE CAPACITY AND IMPROVE THE QUALITY OF THE ADULT BASIC EDUCATION (ABE), ENGLISH FOR SPEAKERS OF OTHER LANGUAGES (ESOL), AND HIGH SCHOOL EQUIVALENCY (HSE) PROGRAMS THAT SERVE NEW YORK'S MOST EDUCATIONALLY AND ECONOMICALLY MARGINALIZED ADULTS AND OUT-OF-SCHOOL YOUTH.
LITERACY DATA SERVICES IN FY 2025, THE LAC COMPLETED THE LAST SIX MONTHS OF THE SECOND YEAR AND THE FIRST SIX MONTHS OF THE THIRD YEAR OF ITS CY2023-2027 CONTRACT TO MANAGE AND MAINTAIN THE NEW YORK...
LITERACY DATA SERVICES IN FY 2025, THE LAC COMPLETED THE LAST SIX MONTHS OF THE SECOND YEAR AND THE FIRST SIX MONTHS OF THE THIRD YEAR OF ITS CY2023-2027 CONTRACT TO MANAGE AND MAINTAIN THE NEW YORK STATE EDUCATION DEPARTMENT'S (NYSED'S) ADULT STUDENT INFORMATION SYSTEM AND TECHNICAL SUPPORT (ASISTS), THE ONLINE SYSTEM WHICH COLLECTS AND ANALYZES DATA ON APPROXIMATELY 80,000 ADULT LITERACY STUDENTS IN NEW YORK STATE EACH YEAR. ASISTS IS THE BACKBONE OF THE ACCOUNTABILITY SYSTEM EMPLOYED BY THE NYSED TO EVALUATE AND FUND OVER 130 ADULT LITERACY PROVIDERS THROUGHOUT THE STATE. IN ADDITION, AS PART OF THE LAC'S CONTRACT THROUGH THE NEW YORK CITY COUNCIL ADULT LITERACY PILOT PROJECT, THE LAC BUILT A NEW, ONLINE DATA COLLECTION SYSTEM FOR ALL PARTICIPATING CITY COUNCIL PILOT-FUNDED ADULT LITERACY PROGRAMS.
RESOURCE CENTER IN FY 2025, THE LAC COMPLETED THE FOURTH YEAR OF SERVING AS THE COORDINATOR, DATA ANALYST, AND TECHNICAL ASSISTANCE PROVIDER FOR THE NEW YORK CITY COUNCIL'S ADULT LITERACY PILOT...
RESOURCE CENTER IN FY 2025, THE LAC COMPLETED THE FOURTH YEAR OF SERVING AS THE COORDINATOR, DATA ANALYST, AND TECHNICAL ASSISTANCE PROVIDER FOR THE NEW YORK CITY COUNCIL'S ADULT LITERACY PILOT PROJECT, WHICH FUNDS 42 COMMUNITY-BASED ADULT LITERACY PROGRAMS IN NYC. THE LAC SERVED AS A LIAISON BETWEEN THE PROGRAMS, THE CITY COUNCIL, AND THE DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT; COLLECTED AND ANALYZED DATA AND REPORTED ON IMPACTS AND OUTCOMES; PROVIDED PROFESSIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE TO INSTRUCTORS IN PARTICIPATING PORGRAMS; AND COMPLETED A 10-MONTH PROFESSIONAL DEVELOPMENT INSTITUTE FOR EMERGING ADULT LITERACY PROGRAM LEADERS IN NYC. IN FY 2025, THE LAC ALSO COMPLETED THE FIFTH YEAR OF A FIVE-YEAR CONTRACT TO SERVE AS THE NEW YORK STATE EDUCATION DEPARTMENT ADULT EDUCATION PROGRAM AND POLICY TEAM'S SUPPORT AND TECHNICAL ASSISTANCE CENTER (STAC) FOR NEW YORK CITY. UNDER THE STAC, THE LAC PROVIDED ONE-ON-ONE SUPPORT AND TECHNICAL ASSISTANCE TO 21 NYSED-FUNDED ADULT LITERACY EDUCATION (ALE) PROGRAMS THROUGHOUT NYC.
EDUCATIONAL ENTERPRISES IN FY 2025, THE LAC COMPLETED THE SECOND YEAR OF ITS THREE TO SIX YEAR CONTRACT TO PROVIDE PROFESSIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE SERVICES TO OVER 90...
EDUCATIONAL ENTERPRISES IN FY 2025, THE LAC COMPLETED THE SECOND YEAR OF ITS THREE TO SIX YEAR CONTRACT TO PROVIDE PROFESSIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE SERVICES TO OVER 90 COMMUNITY-BASED ADULT AND ADOLESCENT LITERACY PROGRAMS AND OVER 30 OUT-OF-SCHOOL AND IN-SCHOOL YOUTH WORKFORCE DEVELOPMENT PROGRAMS FUNDED THROUGH THE NEW YORK CITY DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT (DYCD). THE LAC ALSO CONTINUED TO OFFER TRAINING AND TECHNICAL ASSISTANCE SERVICES ON A FEE-FOR-SERVICES BASIS TO ADULT LITERACY, HIGH SCHOOL EQUIVALENCY, AND ADULT ENGLISH LANGUAGE PROGRAMS THROUGHOUT THE UNITED STATES.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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