LITERACY VOLUNTEERS OF AMERICA ESSEX & PASSAIC COUNTIES NEW JERSEY INC (EIN 223021818) - 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

1989

Legal Domicile

Phone

9734700039

Tax Period

2024-07-01 to 2025-06-30

LITERACY VOLUNTEERS OF AMERICA ESSEX & PASSAIC COUNTIES NEW JERSEY INC, founded in 1989, is a small nonprofit in the Education sector that reported $468K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $85K, a strong 18% operating margin.

Mission

TO ASSIST ADULTS IN NEED OF BASIC READING AND ENGLISH LANGUAGE SKILLS.

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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 $451,493

Program Service Revenue $0

Investment Income $16,810

Other Revenue $0

TOTAL REVENUE $468,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,768

Fundraising Expenses $0

Program Expenses $283,669

Other Expenses $98,473

TOTAL EXPENSES $383,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$468,303	$417,428	+0.1%
Expenses	$383,241	$367,549	+0.0%
Net Income	$85,062	$49,879	+0.7%

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

$19,205

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN FRIED	PRESIDENT	3.50	Officer Director	$0	$0	$0
JAMIE STEIGER	TREASURER	2.50	Officer Director	$0	$0	$0
HARSH PARIKH	VICE PRESIDENT & SECRETARY	1.00	Officer Director	$0	$0	$0
MARIELLA ANDRADE	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN MOLLICA	TRUSTEE	1.00	Director	$0	$0	$0
CHERYL LOCASTRO	TRUSTEE	1.00	Director	$19,205	$0	$19,205
DIANA AGU	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA GRAY	TRUSTEE	1.00	Director	$0	$0	$0
SALLY RICE	TRUSTEE	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	$468,303	$383,241	$650,356	$85,062
2024	No data	No data	No data	No data
2023	$350,582	$271,518	$562,154	$79,064
2023	$283,935	$271,518	$495,507	$12,417
2022	$367,071	$383,057	$433,275	$-15,986
2021	$265,347	$265,035	$421,431	$312
2020	$304,526	$302,840	$364,259	$1,686
2019	$451,409	$366,135	$370,057	$85,274
2018	$475,262	$358,325	$279,054	$116,937

LITERACY VOLUNTEERS OF AMERICA ESSEX & PASSAIC COUNTIES NEW JERSEY INC