LITERACY SOLUTIONS NY INC (EIN 133224096) - 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

1984

Legal Domicile

Principal Officer

BENITO HERRERO

Phone

9143757964

Tax Period

2024-07-01 to 2025-06-30

LITERACY SOLUTIONS NY INC, founded in 1984, is a small nonprofit in the Education sector that reported $970K in total revenue in fiscal year 2024.

Mission

LITERACY SOLUTIONS NY, INC. IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO PROVIDING STUDENT-CENTERED ENGLISH LITERACY SERVICES FOR ADULTS AND ACTING AS A RESOURCE FOR THE ADVANCEMENT OF LITERACY.

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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 $969,457

Program Service Revenue $350

Investment Income $0

Other Revenue $0

TOTAL REVENUE $969,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $843,502

Fundraising Expenses $13,252

Program Expenses $847,421

Other Expenses $125,360

TOTAL EXPENSES $968,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$969,807	$1,006,052	0.0%
Expenses	$968,862	$1,043,403	-0.1%
Net Income	$945	$-37,351	-1.0%

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

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

$93,065

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENITO HERRERO	PRES/CEO	40.00	Officer	$93,065	$0	$93,065
MICHAEL LEVY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN THALER	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE GALLANTY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA VAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
FRANCINE VERNON	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH WOOD	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYNN JULIEN	DIRECTOR	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	$969,807	$968,862	$421,338	$945
2024	$1,006,052	$1,043,403	$366,409	$-37,351
2023	$991,183	$990,829	$464,424	$354
2022	$902,610	$880,455	$371,719	$22,155
2021	$990,438	$848,122	$354,163	$142,316
2020	$753,921	$756,732	$296,755	$-2,811
2019	$680,300	$781,184	$193,156	$-100,884

LITERACY SOLUTIONS NY INC