LITERACY INC

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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

1996

Legal Domicile

Principal Officer

KOSHA UDANI

Phone

2126205462

Tax Period

2024-07-01 to 2025-06-30

LITERACY INC, founded in 1996, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $6.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

LINC'S MISSION IS TO EQUIP CHILDREN WITH FOUNDATIONAL LITERACY SKILLS ESSENTIAL FOR KINDERGARTEN READINESS AND ACADEMIC ACHIEVEMENT BY EMPOWERING FAMILIES AND MOBILIZING THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,931,550

LINC BUILDS AN ECOSYSTEM OF LITERACY SURROUNDING CHILDREN STARTING ON DAY ONE, WHEN IT MATTERS MOST. WE STRENGTHEN THE CAPACITY OF PARENTS, CAREGIVERS, EDUCATORS, AND COMMUNITY PARTNERS, AND SUPPORT EARLY LANGUAGE AND LITERACY DEVELOPMENT. AS A RESULT, EVERY CHILD CAN BECOME A CONFIDENT READER, EVERY PARENT IS EMPOWERED TO BE THEIR CHILD'S FIRST AND MOST IMPORTANT TEACHER, AND EVERY COMMUNITY PARTNER IS EQUIPPED TO ENGAGE FAMILIES IN LITERACY-RICH LEARNING. IN FY25, THE CITYWIDE COALITIONS WE LEAD-CITY'S FIRST READERS AND UPPER MANHATTAN EARLY CHILDHOOD CONNECT-REACHED MORE THAN 1 MILLION FAMILIES IN NYC. OUR DIRECT-SERVICE PROGRAMS WORKED INTENSIVELY WITH 3,211 CAREGIVERS, REACHING MORE THAN 5,000 CHILDREN, AND DISTRIBUTED 6,323 BOOKS TO FAMILIES.

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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 $4,896,523

Program Service Revenue $0

Investment Income $312,921

Other Revenue $48,761

TOTAL REVENUE $5,258,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,858,349

Fundraising Expenses $709,442

Program Expenses $4,931,550

Other Expenses $1,157,482

TOTAL EXPENSES $6,015,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,258,205	$8,315,546	-0.4%
Expenses	$6,015,831	$5,700,357	+0.1%
Net Income	$-757,626	$2,615,189	-1.3%

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

$138,357

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY FRATTO ROWE	CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT SPIERER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
STEPHANIE YOUNG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
VICTOR PICHARDO JR	SECRETARY	2.00	Officer Director	$0	$0	$0
KOSHA UDANI	TREASURER	2.00	Officer Director	$0	$0	$0
WILLIAM ESTILO	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
JOHN GALISKI	CHAIR, AUDIT COMMITTEE	2.00	Director	$0	$0	$0
TRACY DOCKRAY	DIRECTOR	2.00	Director	$0	$0	$0
CARL FOLTA	DIRECTOR	2.00	Director	$0	$0	$0
EMILY GIACOMAN	DIRECTOR	2.00	Director	$0	$0	$0
JORDAN HALPERN-LEISTNER	DIRECTOR	2.00	Director	$0	$0	$0
TOVA KATZIR	DIRECTOR	2.00	Director	$0	$0	$0
DAN LEE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES E LIEBER	DIRECTOR	2.00	Director	$0	$0	$0
PAT MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA NEWBORN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN PANTALENA	DIRECTOR	2.00	Director	$0	$0	$0
RON RENTEL	DIRECTOR	2.00	Director	$0	$0	$0
CARLOS RODRIGUEZ	DIRECTOR	2.00	Director	$0	$0	$0
ANN SHORT	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW SPRING	DIRECTOR	2.00	Director	$0	$0	$0
JOHN URBAN	DIRECTOR	2.00	Director	$0	$0	$0
SHARI LEVINE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$121,869	$16,488	$138,357
LAURA WALSH	CHIEF PROGRAM OFFICER	40.00	Highest	$141,681	$15,362	$157,043
EMMANUEL NOVY	CHIEF OF STRATEGIC INITIATIVES	40.00	Highest	$140,255	$2,702	$142,957
JESSICA GOLDFARB	CHIEF OPERATING OFFICER	40.00	Highest	$132,459	$15,408	$147,867
CARLA GODOY	DEPUTY DIRECTOR	40.00	Highest	$168,094	$3,247	$171,341
ELIZABETH MANNING	DIRECTOR OF EVALUATION AND LEARNING	40.00	Highest	$116,513	$12,303	$128,816

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	$5,258,205	$6,015,831	$8,174,447	$-757,626
2024	No data	No data	No data	No data
2023	$5,091,797	$5,155,894	$6,536,572	$-64,097
2023	$5,091,797	$5,155,894	$6,536,572	$-64,097
2022	$6,716,163	$4,480,628	$8,106,270	$2,235,535
2021	$3,899,705	$3,549,655	$4,595,330	$350,050
2020	$4,141,149	$3,597,713	$4,273,397	$543,436
2019	$3,956,750	$3,453,068	$3,158,488	$503,682
2018	$3,684,440	$3,105,566	$2,619,387	$578,874