PHARR LITERACY PROJECT 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

2003

Legal Domicile

Principal Officer

Corina Salazar

Tax Period

2022-01-01 to 2022-12-31

PHARR LITERACY PROJECT INC, founded in 2003, is a small nonprofit that reported $105K in total revenue in fiscal year 2022. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 34% operating margin.

Mission

The Pharr Literacy Project enhances the quality of family life, builds individual potential, brings divergent cultures together, improves the economic health of our community and brings about systemic change through education and through an established program of cultural arts.

Program Service Accomplishments

Program 1

Expenses: $48,869

Project Ignite: Includes English as a Second Language (ESL), General Education Development (GED), financial education, job readiness training, and cultural arts classes.

Program 2

Cultural Arts and Community Theater Programs - the cultural arts programs at the Pharr Literacy Project consist of two primary focuses 1) acquiring skills that will provide a basis to begin a small or home-based business and 2) building leadership skills and strengthening self-esteem for low income students to prepare them for a work world.

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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 (2022)

Revenue Breakdown

Contributions & Grants $57,000

Program Service Revenue $7,813

Investment Income $0

Other Revenue $40,161

TOTAL REVENUE $104,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,717

Fundraising Expenses $0

Program Expenses $48,869

Other Expenses $19,457

TOTAL EXPENSES $69,174

Year-over-Year Comparison

	2022	2021	Change
Revenue	$104,974	$77,084	+0.4%
Expenses	$69,174	$71,463	0.0%
Net Income	$35,800	$5,621	+5.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Dill	Director	2.00	Director	$0	$0	$0
Dr Sylvia Florez	Director	2.00	Director	$0	$0	$0
Norma Espino	Director	2.00	Director	$0	$0	$0
Rosa Estrada	Director	2.00	Director	$0	$0	$0
Corina Salazar	President	2.00	Officer Director	$0	$0	$0
Dr Elizabeth ChavezPalacios	Board Secretary	2.00	Officer Director	$0	$0	$0
Dulce Phillips	Past President	0.00		$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
2022	$104,974	$69,174	$37,016	$35,800
2021	$77,084	$71,463	$2,694	$5,621
2020	$53,568	$70,707	No data	$-17,139
2019	$86,434	$99,223	$14,979	$-12,789
2018	$85,620	$100,040	$16,423	$-14,420