LITERACY NEW YORK BUFFALO-NIAGARA INC (EIN 161199474) - 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

1965

Legal Domicile

Principal Officer

TARA SCHAFER

Phone

7168768991

Tax Period

2023-07-01 to 2024-06-30

LITERACY NEW YORK BUFFALO-NIAGARA INC, founded in 1965, is a small nonprofit that reported $633K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

WE DEVELOP LITERACY SKILLS BY PROVIDING FREE TUTORING IN ERIE AND NIAGARA COUNTIES THROUGH ENGAGEMENT AND TRAINING OF DIVERSE COMMUNITY VOLUNTEERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $623,118

Program Service Revenue $660

Investment Income $8,575

Other Revenue $614

TOTAL REVENUE $632,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $317,459

Fundraising Expenses $34,304

Program Expenses $539,795

Other Expenses $306,022

TOTAL EXPENSES $623,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$632,967	$458,943	+0.4%
Expenses	$623,481	$482,896	+0.3%
Net Income	$9,486	$-23,953	-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

155

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

$91,942

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTINE DAVID	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DR ANNE EISENBERG	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MICHAEL BERCHOU	TREASURER	1.00	Officer Director	$0	$0	$0
KARRIE GEBHARDT	SECRETARY	1.00	Officer Director	$0	$0	$0
SEAN BOWERS CPA	DIRECTOR	1.00	Director	$0	$0	$0
ADAM M DESMOND	DIRECTOR	1.00	Director	$0	$0	$0
JONELLE GORDON	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL LEIDENFROST	DIRECTOR	1.00	Director	$0	$0	$0
TRACIE L LOPARDI BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS MANDELL JR	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH PISCATELLI	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE RIVERA	DIRECTOR	1.00	Director	$0	$0	$0
MARK L TALLEY	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN WALKER	DIRECTOR	1.00	Director	$0	$0	$0
ROYCE L WOODS	DIRECTOR	1.00	Director	$0	$0	$0
TARA SCHAFER	EXECUTIVE DIRECTOR	40.00	Officer	$91,942	$0	$91,942

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
2024	$632,967	$623,481	$513,970	$9,486
2023	$458,943	$482,896	$490,702	$-23,953
2022	$547,977	$393,266	$515,168	$154,711
2021	$466,261	$388,228	$466,064	$78,033
2020	$421,159	$458,203	$371,573	$-37,044
2019	$429,924	$419,291	$360,133	$10,633

LITERACY NEW YORK BUFFALO-NIAGARA INC