THE LITERACY LAB (EIN 271777117) - 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

2010

Legal Domicile

Principal Officer

HEATHER JENKINS

Phone

2025677082

Tax Period

2023-08-01 to 2024-07-31

THE LITERACY LAB, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $14.5M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $21.7M exceeded revenue, resulting in a 49% operating deficit.

Mission

THE LITERACY LAB PROVIDES EVIDENCE-BASED, CULTURALLY RESPONSIVE LITERACY INSTRUCTION.

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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 $12,290,477

Program Service Revenue $2,012,241

Investment Income $226,636

Other Revenue $0

TOTAL REVENUE $14,529,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,840,521

Fundraising Expenses $1,772,905

Program Expenses $18,173,142

Other Expenses $4,821,644

TOTAL EXPENSES $21,662,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,529,354	$16,501,198	-0.1%
Expenses	$21,662,165	$19,665,413	+0.1%
Net Income	$-7,132,811	$-3,164,215	+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

326

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

$238,756

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERMAINE MYRIE	MEMBER	1.00	Director	$0	$0	$0
ASHLEY JENNKINS	CHAIR, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
QUINCI MOODY	TREASURER	1.00	Director	$0	$0	$0
DANA KRAVCHICK	MEMBER	1.00	Director	$0	$0	$0
MANISHA MASKAY	MEMBER	1.00	Director	$0	$0	$0
MICHELLE HARRIS BONDIMA	MEMBER	1.00	Director	$0	$0	$0
JYLLIAN BRADSHAW	MEMBER	1.00	Director	$0	$0	$0
HEATHER JENKINS	CHIEF EXECUTIVE DIRECTOR	40.00	Key Emp	$238,756	$0	$238,756
HENRIETTE RECNY	CHIEF PEOPLE ORGANIZATIONAL STRATEGY	40.00	Highest	$147,000	$0	$147,000
SARAH REAPE	CHIEF REGIONAL OFFICER	40.00	Highest	$145,459	$0	$145,459
MIA HARDING	CHIEF IMPACT OFFICER	40.00	Highest	$151,307	$0	$151,307
IVAN C DOUGLAS JR	NATIONAL DIRECTOR (LEADING MEN FELLOWSHIP)	40.00	Highest	$140,088	$0	$140,088
AAMIR MANSOOR	VP OF GOVERNMENT & EXTERNAL PARTNERSHIPS	40.00	Highest	$125,477	$0	$125,477

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
2024	$14,529,354	$21,662,165	$14,572,963	$-7,132,811
2023	$16,501,198	$19,665,413	$21,823,450	$-3,164,215
2022	$29,239,466	$15,285,961	$23,333,778	$13,953,505
2021	$13,815,869	$12,412,233	$9,187,835	$1,403,636
2020	$14,774,311	$12,397,020	$8,042,484	$2,377,291
2019	$11,440,043	$10,995,468	$5,421,088	$444,575
2018	$10,108,100	$8,552,481	$5,263,958	$1,555,619

THE LITERACY LAB