THE LITERACY PROJECT (EIN 205485155) - 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

2020

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

THE LITERACY PROJECT, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $176K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $260K exceeded revenue, resulting in a 48% operating deficit.

Mission

WE PROMOTE THAT LITERACY IS POSSIBLE FOR ALL, THROUGH MULTIMEDIA ORAL HISTORY AND DOCUMENTARY PROJECTS THAT ARCHIVE AND SHARE STORIES OF LITERACY, EMPHASIZING THE ROLES OF LITERACY PROGRAMS IN SOCIAL JUSTICE MOVEMENTS THROUGHOUT THE AMERICAS.

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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 $171,815

Program Service Revenue $0

Investment Income $423

Other Revenue $3,352

TOTAL REVENUE $175,590

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $80,909

Fundraising Expenses $0

Program Expenses $145,551

Other Expenses $177,831

TOTAL EXPENSES $259,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,590	$210,320	-0.2%
Expenses	$259,740	$182,417	+0.4%
Net Income	$-84,150	$27,903	-4.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN SILLINS	TREASURER	5.00	Officer Director	$0	$0	$0
JUDITH MURPHY	SECRETARY	5.00	Officer Director	$0	$0	$0
CATHERINE MURPHY	PRESIDENT	40.00	Officer 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
2024	No data	No data	No data	No data
2023	$175,590	$259,740	$166,449	$-84,150
2022	$210,320	$182,417	$252,108	$27,903
2021	$338,973	$161,728	$221,840	$177,245

THE LITERACY PROJECT