THE LITERACY PROJECT (EIN 330395322) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

SUE GRANT

Phone

9497211319

Tax Period

2023-07-01 to 2024-06-30

THE LITERACY PROJECT, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $401K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 26% operating margin.

Mission

THE LITERACY'S PROJECT'S MISSION IS TO ELIMINATE THE LITERACY GAP OF UNDERSERVED SECOND AND THIRD GRADE STUDENTS FROM LOW-INCOME FAMILIES WHO ARE FUNCTIONALLY ILLITERATE. OUR VISION IS TO FOSTER A LIFELONG LOVE OF READING IN EACH STUDENT SINCE READING IS KEY TO LEARNING AND ACHIEVING THE AMERICAN DREAM.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $346,493

Program Service Revenue $4,750

Investment Income $0

Other Revenue $49,413

TOTAL REVENUE $400,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,244

Fundraising Expenses $36,644

Program Expenses $42,856

Other Expenses $180,960

TOTAL EXPENSES $297,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,656	$301,022	+0.3%
Expenses	$297,204	$291,890	+0.0%
Net Income	$103,452	$9,132	+10.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE GRANT	Chairman	40.00	Officer Director	$0	$0	$0
SCOTT LOPEZ	Vice President	5.00	Officer Director	$0	$0	$0
PENNY M FOX	Treasurer	5.00	Officer Director	$0	$0	$0
DENNIS KUHL	Director	3.00	Director	$0	$0	$0
ARNIE RUBIN	Director	15.00	Director	$0	$0	$0
FIONA GRANDI	Director	3.00	Director	$0	$0	$0
SINAN KANATSIZ	Director	5.00	Director	$0	$0	$0
PAULA KARCHER	Director	3.00	Director	$0	$0	$0
JIM STEELE	Director	3.00	Director	$0	$0	$0
BILL PASSO	Director	3.00	Director	$0	$0	$0
JOE STAPLETON	Secretary	5.00	Officer Director	$0	$0	$0
MICHAEL T TRAVIS	Director	3.00	Director	$0	$0	$0
CHRISTOPHER TRELA	Director	3.00	Director	$0	$0	$0
VISHAL TUMMALA	Director	3.00	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
2024	$400,656	$297,204	$858,675	$103,452
2023	$329,159	$291,901	$746,899	$37,258
2022	$481,937	$220,847	$710,926	$261,090
2021	$267,570	$156,346	$448,179	$111,224
2020	$245,924	$224,375	$334,933	$21,549
2019	$233,628	$275,392	$304,026	$-41,764

THE LITERACY PROJECT