LITERACY NASSAU INC (EIN 237409756) - 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

1968

Legal Domicile

Principal Officer

SUSAN SANTORO

Phone

5168673580

Tax Period

2023-07-01 to 2024-06-30

LITERACY NASSAU INC, founded in 1968, is a small nonprofit in the Education sector that reported $886K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

LITERACY NASSAU IS A LONG ISLAND-BASED NOT-FOR PROFIT ORGANIZATION THAT MAKES LITERACY SERVICES ACCESSIBLE TO DISADVANTAGED POPULATIONS OF ALL AGES BY PROVIDING DONATION-BASED LANGUAGE-BUILDING PROGRAMS.

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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 $438,824

Program Service Revenue $445,000

Investment Income $2,091

Other Revenue $0

TOTAL REVENUE $885,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $634,056

Fundraising Expenses $0

Program Expenses $840,961

Other Expenses $247,277

TOTAL EXPENSES $881,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$885,915	$957,793	-0.1%
Expenses	$881,333	$876,601	+0.0%
Net Income	$4,582	$81,192	-0.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN MICCICHE	EXEXCITVE DI	40.00	Highest	$137,151	$0	$137,151
JUDITH BECKERMAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JORDAN FREUNDLICH	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSAN SANTORO	PRESIDENT	5.00	Officer 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	$885,915	$881,333	$622,258	$4,582
2023	$957,793	$876,601	$621,455	$81,192
2022	$777,403	$711,042	$522,286	$66,361
2021	$941,782	$666,771	$457,347	$275,011
2020	$558,529	$654,711	$258,654	$-96,182
2019	$737,876	$701,224	$274,683	$36,652
2018	$697,964	$743,149	$229,028	$-45,185

LITERACY NASSAU INC