Virginia State Literacy Association Inc (EIN 237022502) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

Tamara Williams

Phone

8042831768

Tax Period

2024-08-01 to 2025-07-31

Virginia State Reading Association Inc, founded in 1976, is a small nonprofit in the Education sector that reported $588K in total revenue in fiscal year 2017. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $522K left a modest 11% surplus.

Mission

The organizations purpose is to serve as a leading authority on literacy education in Virginia. VSRA works through its educational programs to advance literacy

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $135,947

Program Service Revenue $287,115

Investment Income $1,642

Other Revenue $158

TOTAL REVENUE $424,862

Expense Breakdown

Grants Paid $14,090

Salaries & Benefits $0

Fundraising Expenses $8,274

Program Expenses $290,690

Other Expenses $346,669

TOTAL EXPENSES $360,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$424,862	$457,422	-0.1%
Expenses	$360,759	$351,463	+0.0%
Net Income	$64,103	$105,959	-0.4%

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

1100

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
Angela Kraje	President	8.00	Officer Director	$0	$0	$0
Julie Gray	President Elect	3.00	Director	$0	$0	$0
Emma Washington	Vice President	2.00	Officer Director	$0	$0	$0
Tamara Williams	Treasurer	5.00	Officer Director	$0	$0	$0
Chynita Turner-Pryor	Secretary	2.00	Officer Director	$0	$0	$0
Virginia Massaro	Past President	1.00	Director	$0	$0	$0
Tammy Gordon	Director	2.00	Director	$0	$0	$0
Charles Richards	Director	1.00	Director	$0	$0	$0
Laura Labyak	Director	1.00	Director	$0	$0	$0
Stephanie Fidler	Director	2.00	Director	$0	$0	$0
Rachel Simmers	Director	1.00	Director	$0	$0	$0
Jessica Talada	Director	1.00	Director	$0	$0	$0
Andrea Crawford	Director	2.00	Director	$0	$0	$0
Barbara Wheatley	Director	1.00	Director	$0	$0	$0
Renee Russell	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	$424,862	$360,759	$586,483	$64,103
2024	$457,422	$351,463	$533,432	$105,959
2023	$378,971	$319,001	$418,744	$59,970
2022	$301,362	$338,764	$378,764	$-37,402
2021	$173,083	$222,672	$398,622	$-49,589
2020	$173,079	$261,189	$462,857	$-88,110
2019	$547,275	$607,121	$536,451	$-59,846
2018	$587,870	$522,311	$596,933	$65,559

Virginia State Literacy Association Inc