LITERACY MINNESOTA (EIN 237217182) - 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

1972

Legal Domicile

Principal Officer

ANTON JONES

Phone

6516452277

Tax Period

2022-07-01 to 2023-06-30

LITERACY MINNESOTA, founded in 1972, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2022.

Mission

TO SHARE THE POWER OF LEARNING THROUGH EDUCATION, COMMUNITY BUILDING AND ADVOCACY.

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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 $3,796,581

Program Service Revenue $2,238,913

Investment Income $45,794

Other Revenue $0

TOTAL REVENUE $6,081,288

Expense Breakdown

Grants Paid $14,225

Salaries & Benefits $3,220,474

Fundraising Expenses $428,791

Program Expenses $4,739,921

Other Expenses $2,978,404

TOTAL EXPENSES $6,213,103

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,081,288	$5,962,310	+0.0%
Expenses	$6,213,103	$5,550,744	+0.1%
Net Income	$-131,815	$411,566	-1.3%

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

403

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

$1,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES AFDAHL	BOARD PRESIDENT (PARTIAL YEAR)	1.00	Officer Director	$0	$0	$0
HAROLD HEGG	EXECUTIVE CMTE CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER HOLTE	FINANCE AND AUDIT CMTE CHA	1.00	Officer Director	$0	$0	$0
RAVI KRISHNAN	BOARD PRESIDENT (PARTIAL YEAR)	0.50	Director	$0	$0	$0
CAROLINE CASEY	HR COMMITTEE CHAIR	1.00	Director	$0	$0	$0
TIM WENDT	DEI CMTE CHAIR (PARTIAL YEAR)	0.50	Director	$0	$0	$0
BRUCE SINGER	DEVELOPMENT CMTE CHAIR	1.00	Director	$0	$0	$0
MICHAEL OPPERMAN	MARKETING CMTE CHAIR	0.50	Director	$0	$0	$0
CAITLIN BAYERMANN	DEI CMTE CHAIR (PARTIAL YEAR)	0.50	Director	$0	$0	$0
JOSE ARRIETA	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREA BROBBEY	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFF ENGLISH	BOARD MEMBER	0.50	Director	$0	$0	$0
NICOLE FLAHERTY CROPPER	BOARD MEMBER (PARTIAL YEAR)	0.50	Director	$0	$0	$0
KARIN GOETTSCH	BOARD MEMBER (PARTIAL YEAR)	0.50	Director	$0	$0	$0
CHELSEA IHLE	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROLINA ORTIZ	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREW PETERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT RUTSCHER	BOARD MEMBER	0.50	Director	$0	$0	$0
KATIE SCHOENECK	BOARD MEMBER	0.50	Director	$0	$0	$0
RITA SHIBKO	BOARD MEMBER	0.50	Director	$0	$0	$0
ABDULLAHI SIYAD	BOARD MEMBER	0.50	Director	$0	$0	$0
KARINE WATNE	BOARD MEMBER	0.50	Director	$0	$0	$0
ANTON JONES	PRESIDENT (EX-OFFICIO/NON-VOTING)	40.00	Officer	$1,442	$0	$1,442

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
2023	$6,081,288	$6,213,103	$4,025,173	$-131,815
2022	$5,962,310	$5,550,744	$3,639,375	$411,566
2021	$5,360,622	$5,177,629	$3,123,869	$182,993
2019	$4,889,310	$4,968,766	$2,608,042	$-79,456
2018	$4,571,771	$4,551,547	$2,711,771	$20,224

LITERACY MINNESOTA