FOUNDATION FOR IMPACT ON LITERACY AND LEARNING INC (EIN 161650130) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

DIANE BARRETT

Phone

6314242197

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR IMPACT ON LITERACY AND LEARNING INC, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $731K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $696K left a modest 5% surplus.

Mission

SUPPORT SCHOOLS AND EDUCATIONAL PROGRAMS WHILE PROMOTING LITERACY AND LEARNING BY COLLABORATING ON EFFORTS TO PROVIDE EDUCATORS AND STUDENTS WITH RESOURCES, CURRICULA, PROJECT BASED LEARNING, AND COMMUNITY SERVICE PROJECTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $685,000

Program Service Revenue $0

Investment Income $45,894

Other Revenue $0

TOTAL REVENUE $730,894

Expense Breakdown

Grants Paid $74,500

Salaries & Benefits $102,000

Fundraising Expenses $5,000

Program Expenses $530,098

Other Expenses $519,803

TOTAL EXPENSES $696,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$730,894	$961,869	-0.2%
Expenses	$696,303	$638,890	+0.1%
Net Income	$34,591	$322,979	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$102,000

Total Directors

$102,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSS SCHAUFELBERGER	TREASURER	0.50	Officer Director	$0	$0	$0
AKIN HARRISON	SECRETARY	0.50	Officer Director	$0	$0	$0
DIANE BARRETT	EXECUTIVE DIRECTOR	30.00	Officer Director	$102,000	$0	$102,000
MARYBETH PENDER	DIRECTOR	0.50	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	$730,894	$696,303	$1,992,285	$34,591
2024	$961,869	$638,890	$1,991,157	$322,979
2023	$1,049,947	$774,482	$1,636,268	$275,465
2022	$1,356,454	$1,344,292	$1,438,148	$12,162
2021	$1,789,567	$1,368,667	$1,417,153	$420,900
2020	$1,326,167	$1,228,302	$1,003,546	$97,865
2019	$1,199,686	$1,285,277	$836,868	$-85,591
2018	$1,415,270	$1,378,580	$954,625	$36,690

FOUNDATION FOR IMPACT ON LITERACY AND LEARNING INC