LITERACY CONNECTS (EIN 237047508) - 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

1969

Legal Domicile

Principal Officer

AMY BEITER

Phone

5208828006

Tax Period

2023-07-01 to 2024-06-30

LITERACY CONNECTS, founded in 1969, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

CONNECTING PEOPLE OF ALL AGES TO A WORLD OF OPPORTUNITIES THROUGH LITERACY AND CREATIVE EXPRESSION.

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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 $3,146,682

Program Service Revenue $18,328

Investment Income $46,092

Other Revenue $-105,586

TOTAL REVENUE $3,105,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,191,123

Fundraising Expenses $346,037

Program Expenses $2,521,232

Other Expenses $845,049

TOTAL EXPENSES $3,057,022

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,105,516	$3,461,579	-0.1%
Expenses	$3,057,022	$2,489,413	+0.2%
Net Income	$48,494	$972,166	-1.0%

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

472

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

$130,215

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL SMALL	FINANCE/OPS	40.00	Officer	$33,173	$193	$33,366
SHARON O'BRIEN	EXECUTIVE DI	40.00	Officer	$87,549	$9,300	$96,849
AMY BEITER	BOARD CHAIR	0.70	Officer Director	$0	$0	$0
KIM EGITA	TREASURER	0.23	Officer Director	$0	$0	$0
CHRIS GUTIERREZ	SECRETARY	0.16	Officer Director	$0	$0	$0
MELINDA BURKE	CHAIR ELECT	0.79	Officer Director	$0	$0	$0
AMBER MATHEWSON	PAST BOARD C	0.63	Director	$0	$0	$0
MATT KOPEC	MEMBER	0.58	Director	$0	$0	$0
SUNNY BAE	MEMBER	0.37	Director	$0	$0	$0
SARA HABIB	MEMBER	0.90	Director	$0	$0	$0
JEANINE TRACEY	MEMBER	0.96	Director	$0	$0	$0
KRISTEL FOSTER	MEMBER	N/A	Director	$0	$0	$0
JAYMIE JACOBS	MEMBER	0.29	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	No data	No data	No data	No data
2024	$3,105,516	$3,057,022	$4,037,924	$48,494
2023	$3,461,579	$2,489,413	$4,287,982	$972,166
2022	$2,329,327	$2,167,820	$3,371,260	$161,507
2021	$2,396,997	$1,945,978	$3,553,205	$451,019
2020	$2,113,001	$2,012,732	$3,064,900	$100,269
2019	$2,359,247	$1,763,836	$2,667,288	$595,411

LITERACY CONNECTS