LITERACY NEW YORK INC (EIN 166171654) - 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

1974

Legal Domicile

Principal Officer

KATHY HOUGHTON

Tax Period

2024-07-01 to 2025-06-30

LITERACY NEW YORK INC, founded in 1974, is a small nonprofit that reported $573K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

LEADS AND SUPPORTS ADULT LITERACY INITIATIVES THROUGH ENHANCING THE CAPACITY OF PROVIDERS, ENGAGING VOLUNTEERS IN SERVICE, CREATING PUBLIC AWARENESS AND BUILDING MORE LITERATE COMMUNITIES.

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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 $552,342

Program Service Revenue $9,216

Investment Income $8,795

Other Revenue $3,048

TOTAL REVENUE $573,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $357,353

Fundraising Expenses $0

Program Expenses $489,173

Other Expenses $218,697

TOTAL EXPENSES $576,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$573,401	$910,236	-0.4%
Expenses	$576,050	$910,057	-0.4%
Net Income	$-2,649	$179	-15.8%

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

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

$106,967

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY HOUGHTON	EXECUTIVE DI	40.00	Officer	$96,461	$10,506	$106,967
JOSEPH CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
MARY ELLEN DARLING	V.P.	2.00	Officer Director	$0	$0	$0
JOHN EBERLE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOS GKOLIAS	DIRECTOR	1.00	Director	$0	$0	$0
KELLI JOHNSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRADLEY LOLIGER	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA RAJALA	DIRECTOR	1.00	Director	$0	$0	$0
ALEXA SPIELER	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	$573,401	$576,050	$617,205	$-2,649
2024	$910,236	$910,057	$601,984	$179
2023	$917,708	$909,495	$621,490	$8,213
2022	$898,413	$886,671	$584,589	$11,742
2021	$858,079	$789,249	$602,447	$68,830
2020	$858,210	$852,047	$626,155	$6,163
2019	$985,866	$964,708	$471,702	$21,158

LITERACY NEW YORK INC