Alaska Literacy Program (EIN 237451172) - 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

1974

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Alaska Literacy Program, founded in 1974, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $735K, a strong 34% operating margin.

Mission

The mission of the Alaska Literacy Program is to change lives through literacy. Since 1974, ALP has been providing literacy services to Anchorage residents and individuals throughout the state of Alaska.

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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 $2,139,222

Program Service Revenue $0

Investment Income $14,732

Other Revenue $4,030

TOTAL REVENUE $2,157,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $911,566

Fundraising Expenses $6,603

Program Expenses $1,221,041

Other Expenses $511,868

TOTAL EXPENSES $1,423,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,157,984	$1,910,931	+0.1%
Expenses	$1,423,434	$1,212,845	+0.2%
Net Income	$734,550	$698,086	+0.1%

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

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

$73,621

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lori Pickett	Executive Director	40.00	Key Emp	$73,621	$0	$73,621
Panna Lynch Jarussi	Director	1.00	Director	$0	$0	$0
Sue Liebner	Director	1.00	Director	$0	$0	$0
Mari Selle	Director	1.00	Director	$0	$0	$0
Caroline Storm	Director	1.00	Director	$0	$0	$0
Amanda Dale	President	1.00	Officer Director	$0	$0	$0
Katheryn Powers	Vice President	1.00	Officer Director	$0	$0	$0
Brian Kirchner	Treasurer	2.00	Officer Director	$0	$0	$0
Shannon Kuhn	Secretary	1.00	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	$2,157,984	$1,423,434	$2,467,834	$734,550
2024	$2,157,984	$1,423,434	$2,467,834	$734,550
2023	$1,910,931	$1,212,845	$1,755,735	$698,086
2022	$1,413,593	$1,220,305	$937,861	$193,288
2021	$761,864	$707,589	$757,441	$54,275

Alaska Literacy Program